The 5 Forces Every Business Must Overcome

Do you know the 5 forces every business owner must account for to become profitable?

Chances are that you know one or two of the forces, but can you name all 5?

According to Michael Porter from the Harvard Business School there are 5 forces that affect profitability in any industry. Knowing what these 5 forces are can help you decide things such as whether or not to enter a new market, where to shift resources to maximize profits and developing competitive strategies in your industry.

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