More products, fewer competitors (March 5, 2025)

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Ready to make 2025 your year?

Here’s what we will cover this week:

  • Want to make it nearly impossible for competitors to catch up? Build these 6 powerful business assets.

  • Your idea + AI = 🚀 A complete business plan in minutes. Ready to turn your vision into reality?

  • AI, automation, and the future of business. Discover the top trends shaping 2025.

Quote of the Week

“One of the tests of leadership is the ability to recognize a problem before it becomes an emergency.”
~Arnold H. Glasgow

This Week’s Tip

This week, let’s talk about how to dominate your market and make it tough for competitors to keep up. The key? Building business assets or the resources that give you long-term economic value and a competitive edge.

Here are six powerful assets you can start building today:

  1. Customers – A loyal customer base is a game-changer. Think about how mobile phone companies use contracts to “lock in” customers. What can you do to create long-term commitments—subscriptions, memberships, or exclusive deals?

  2. Systems – Strong systems make your business faster, cheaper, and more efficient. McDonald’s and Subway have mastered this, making it easy to train employees and deliver consistent service. Whether it’s automation, software, or streamlined processes, what systems can you implement?

  3. Plant, Property & Equipment (PPE) – The right tools can multiply your productivity. A teenager with a snow blower cleared driveways 10x faster than competitors with shovels. What equipment or infrastructure can give your business an edge?

  4. Product or Service Variations – More variety = more market control. A pizza shop with 36 different pizzas or Baskin Robbins’ 31 flavors makes it tough for new competitors to match them. Can you expand your offerings to make your business harder to compete with?

  5. Exclusive Partnerships – The right partnerships create barriers to entry. Imagine you and a competitor both serve the senior market, but you have an exclusive deal with AARP—giving you access to 38 million members. Who can you partner with to give your business a unique advantage?

  6. Your Team – The strongest businesses are built on exceptional teams. Hiring, training, and culture-building take time, but once in place, a great team helps you execute ideas and scale faster than the competition. How can you invest in your people?

Which of these assets can you start building this week? The more you develop, the harder it will be for competitors to catch up.

This Week’s Resource

Your Idea + Our AI Business Plan Generator = 🪄 Magic 

Every great business starts with an idea. But turning that idea into profit? That’s the challenge.

PlanPros.ai transforms ideas into action plans.

Simply answer a few questions about your business, and PlanPros will write your entire business plan, complete with financial projections and step-by-step guidance.

So you’ll know exactly what it takes to turn your idea into a profitable business.

Your dream is closer than you think.

Trivia

Today’s Question: With a valuation north of $1 billion and more than $700 million raised in venture capital, what is the four-letter company that offers business credit cards to technology companies and brands itself as "the financial OS for the next generation of business"?

Previous Question: What is the seven-letter name of the cloud-based business phone system that was founded in 2002 and is named after a physical feature on a digital phone?

Previous Answer: Dialpad

A unified communications platform that connects your teams through voice, video, messages, and online meetings, Dialpad provides a comprehensive suite of advanced features to help streamline your business communications and improve productivity.

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