Test your entrepreneurial industry relevance.

in #marketing3 years ago

Dear Hivers

Industry relevance? what is that? Many people who are self-employed as their own bosses may have never heard of this term. In fact, for an enterprise, whether your business is a micro-enterprise or you have big ambitions to become a generation hegemon, you need to detect the industry relevance for your enterprise.

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What is industry relevance? In fact, there is a certain relationship between the enterprise and the industrial chain. This relationship is very delicate. Very close transition will cause less development, but too far away will cause poor communication with each other. In the end, the enterprise may even be excluded from the industrial chain. How to judge the relevance of your entrepreneurial industry?

We examine ten complex problems together:

  1. Among the objects of your business, the proportion of general consumers is less than 20%.

  2. Your sales channel is also the sales channel of other manufacturers.

  3. There are at least three suppliers that can provide you with the same raw material or the same service.

  4. Huge manufacturers are wanting your your product or service.

  5. When the market changes or related news, you can grasp the news at the first time.

  6. When you are informed of a certain news, you are willing to share and discuss countermeasures with the cooperative manufacturers.

  7. In respect to sustainable management, all are ready to make changes.

  8. You and other peers can maintain healthy competition, and even support each other in times of crisis.

  9. If your business partner expands, you will benefit from it.

  10. You are willing to provide necessary assistance if your business partner is in difficulty.

If the answer to the above ten questions is lower than six questions, then your company is a company with a low degree of connection with the industry. Usually it belongs to this type of company, and the living space is relatively limited. Businesses are also less friendly. If you answered yes to more than nine questions, then your company is a company with a high degree of dependence on the industrial chain. When the overall environment grows, your company's profits are also prosperous, but when the environment shrinks , your business will also bear the brunt. How to get the perfect distance? This is the entrepreneurial wisdom that entrepreneurs need to master.

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