Competition

Describe all the competing products and the various companies that produce them. Pay particular attention to the rupee value that they are selling, the percentage of the market that they have, and the financial strength of the company that is your competitor. You should also describe precisely how your product is different from their products.

 

If you have no competition, then describe why you do not have competition. A reason for no competition might be your patent position. If you think there might

be competition in the future, then you should indicate each probable competitor

and when he might enter the market.

 

Most entrepreneurs do not know enough about their competition. A Venture Capitalist will be leery of your analysis if you do not understand your competition.  Be aware too that most Venture Capitalists believe every product has some type

of competition.