How long can your small business go on for without meeting a new competitor across the road?

English: Fish and Chip shop in Plymouth
English: Fish and Chip shop in Plymouth (Photo credit: Wikipedia)

In our small suburb a cake and pastry shop opened up about five or six years ago. The cake and bakery shop has done well, now even delivering from several delivery vans. It’s interesting that this cake shop business is on the main road where it is visible to passer-by traffic.

I suppose the passer-by traffic works well for attracting customers to the business. In fact, the owner of the business sometimes takes out space on a very big outdoor sign to advertise her cakes. Continue reading “How long can your small business go on for without meeting a new competitor across the road?”

How does your small business stack up against your competition?

IMG_3580I visited a coffee and cake shop in Parys, Free State, called Plumb Bakery. This coffee and cake shop has been operating in the main road of Parys for several years. It’s become quite pricey and so I decided on my next visit into town from where we were staying next to the river to have coffee at the competition, which has been set up recently, at a coffee and French-style cuisine restaurant called La Vie en Rose. When I asked the manager, who by the way was a local detective moonlighting on a Sunday for the owner, what sort of business volume each of the shops experienced, she told me that it was about half. Continue reading “How does your small business stack up against your competition?”