Here's how to write the competitor analysis section of the business plan. But if not, you can easily find out by doing an internet search for local businesses, looking in the online or printed local phone book, or even driving around the target market area. Your local business may also have non-local competitors that you need to be aware of. You want to make sure that you identify all your possible competitors at this stage.
The Competition Commission was a non-departmental public body responsible for investigating mergers , markets and other enquiries related to regulated industries under competition law in the United Kingdom. It was tasked with ensuring healthy competition between companies in the UK for the ultimate benefit of consumers and the economy. It was created by the Competition Act , although the majority of its powers were governed by the Enterprise Act The Enterprise Act gave the Competition Commission wider powers and greater independence than the MMC had previously, so that it could make decisions on inquiries rather than giving recommendations to Government, and was also responsible for taking appropriate actions and measures known as remedies following inquiries which had identified competition problems. The Government was still able to intervene on mergers that involve a specified public interest criterion such as media plurality, national security and financial stability.
It was a catalyst for a career. In , one of the two years he won the competition, he won with a plan to provide Web portals with smarter search engine technology called Direct Hit Technologies. Today, Cassidy is director of product management at Google. Business-plan competitions have expanded into elevator pitch battles and industry-specific contests.