Tag Archives: artist competitive advantage

Artist Goals 2015 – Capitalizing on Your Strengths + Free Worksheet

Singer_Sargent,_John_-_Atlas_and_the_Hesperides_-_1925

Determining your strengths and weaknesses is a key step in creating your business and marketing plans

One of your goals for the New Year should include a little reflection on what you are good at as well as those areas that need improvement. You strengths help you stand out among the competition and have a lot to do with the overall success of your art business. Knowing your strengths allows you to do what you do best and provides the backdrop for your marketing and sales efforts. In business terms – you capitalize on your strengths and manage your weaknesses. Just think about the things that you are really good at and how you can leverage them in the coming year.

Analyzing your strengths and weaknesses is a basic business technique taught in every business school. The concept is simple: you gain market advantage by leveraging your strengths while you work to correct or minimize your weaknesses. Luckily you don’t need to go to business school to get started – all it takes is a piece of paper and a pencil and then making a list of your art business’s strengths and weaknesses.

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Your Competitive Advantages Or Your “Secret Sauce”

College football competiton

Success in business is a lot like sports when it comes to competitive advantages

Competitive advantages are the things that allow a company or organization to outperform its competitors in the marketplace of products, services and even ideas. These advantages can take on many forms from brick and mortar facilities to more intangible things like an organization’s reputation and customer base.

Your competitive advantage may touch all aspects of your art business from creating your art to billing the customer. There are a lot of things that go into competitive advantage and it is well worth the time to determine the competitive advantages for your art business. Think of your competitive advantages as your “secret sauce”!

Competitive advantages are not permanent. The business and competitive environment is always changing and it appears that the speed with which things change is becoming more rapid. With the internet and an age of instant information it doesn’t take too long for competitors to see what each other are up to and change their game accordingly.

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