Time for an Industry Check

Once a year, it’s a good idea to step outside your business in order to consider what’s going on in your industry. Can you answer the following questions:   •What is the size of your industry? •What is the history and maturity of it? •Is the industry overall growing, stable, or shrinking? •What are the primary risks facing it? •What is the profile of a typical client/customer in this industry?   The answers can help determine what course your business will take next.