Are you thinking of starting a new business or have you done it yet and wondered the crucial questions to ask about competition?

If you're looking to create a start-up, you can't succeed without understanding what is out there and what the competition looks like; nevertheless, sometimes entrepreneurs don't know how to approach this task. The way to do it is to identify the right questions to ask.

1. Who's Your Competition?

2. SWOT Analysis

3. Differentiation

4. Customer Relations

5. Price