“An Entrepreneur who is unable to create their own experiences to develop solutions from them, to grow and unable to make discerningly intelligent decisions amidst business situations relying on that “superior excellence” of intelligence but would rather depend on guidelines of other entrepreneurs lack the “entrepreneurial intelligence. Some may dispute this fact with the view that we learn from others experiences. Yes! that is true, but how do one build a business only based on others experiences?
Identify your competition
In every market there’s a competition. How do startups identify their competition and match up to it? Strategic planning is needed. Better to identify a niche market which is overlooked by your competition.
“Positioning is how you make a prospective customer perceives your brand (Your Startup), product or service (what your startup does) differently or uniquely from the existing markets. It can also be defined as understanding things (name, brand, products, markets, values etc) from the users/customers perspective” – Harmony