Part 9 of 12FREE
Why Will You Win?
Strategy & Positioning
Porter's Five Forces, For Your Business
Five questions that tell you how hard your market is and where your advantage is.
Competitive Rivalry
How many direct competitors serve the same customers?
High rivalry = price wars. Low rivalry + differentiation = pricing power.
Threat of New Entrants
How easy is it for someone to start doing what you do?
Low barriers = constant new competition. Your moat is built through relationships, systems, and brand.
Buyer Power
How easily can your customers switch?
High switching ease = compete on price. Low switching (loyalty, contracts, results) = margin protection.
Supplier Power
Do your suppliers control your costs?
If one supplier controls a critical input, they control your margin. Diversify before you need to.
Substitute Threat
What could a customer do instead of buying from you?
Make yourself irreplaceable, through results, relationship, or systems no one else has.
The Three Ways to Win
Niche Focus: The Small Business Sweet Spot
You serve one specific customer segment better than any generalist can. Nearly every small business wins here. Requires the discipline to say no to clients outside your niche.
Three Tests of Real Positioning
The Exclusion Test
Does your positioning exclude someone? If it works for everyone, it works for no one.
The Proof Test
Can you prove the claim? 'Premium quality' isn't positioning. '47-point inspection checklist, guaranteed completion dates' is.
The Switching Cost Test
What makes it hard for a client to leave? Relationship, results, systems, proprietary knowledge? The answer is your moat.
Map Your Strategy
Strategy Mapper
Map your competitors on price (1=cheapest, 10=most expensive) and quality (1=lowest, 10=highest).
Your Business
Your primary strategy:
Cost Leadership
Differentiation
Niche Focus
Your moats (check what you have):
Client relationships
Proprietary methods
Brand recognition
Switching costs
Certifications
Speed of delivery
Exclusivity
Community
From The Practice
Your competitive position is not fixed. When a new competitor enters your market or your pricing power shifts, catch the signal early, before it shows up as a dip in your revenue.
Knowledge Check
Referral asks why they should hire you. Worst answer?
We specialize in [specific work] for [specific type]
We're the most affordable
We do great work and clients love us
We've done this 8 years with zero callbacks
Pass the knowledge check above to complete this module.