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Who Are My Competitors?
Finding what your competition is up to is crucial to the survival of your business. You need to be able to identify your main competitors, review their business operations, analyze their weaknesses, strengths, pricing strategies, and so on. Who are their customers? What is their sales volume? This information will help you assess the position of your company in relation to your competitors.
In general, information on large public companies is relatively easier to find. At SIBL, you can search the following databases for company profiles and financial information, such as annual reports and filings.
The Internet also offers a wealth of free resources, from news clips and press releases to stock quotes and company profiles. You can also collect a lot of information just by visiting your competitor's web site. Some of the major web resources for company information include: Hoover's Online, and Corporate Information.
Information on small, private companies is much harder to find. Often the best (and sometimes only) way to find information on small businesses is to search for articles published about the company in magazines, trade journals and newspapers. Some of the major business periodical databases at SIBL include:
The following directory databases will help you locate competitors in a specific geographic area (state, city, area code, zip code). They provide basic information such as address, key officers, lines of business, sales volume, and, when available, credit ratings and number of employees. You can also use these databases to locate potential business clients.
For more information on finding company information, visit SIBL's Company Information Guide.