A lot of small businesses are either family owned or owned by one or a
few partners. They are usually private companies who do not sell
stock. Only the companies that are traded on the stock market make
information about their organizations available to the public.
Private businesses do not share financial, personnel, or sales data
information.
There are other ways to analyze your competition and get the information
you need for your business plan proposal--or at least come up with
viable estimates.
How to find your competitors
in a local market:
1. Search the yellow
pages
Big Yellow
Enter the city and state, and then browse categories keyword.
Switchboard
Enter the city and state, and then browse categories keyword.
2. Search the membership directories of the local Chamber of
Commerce or Economic Development websites for your city.
Salisbury
Chamber of Commerce
- See links to the Chamber's Directory of Members as well as the
'Business & Government' category that includes a number of resources.
Provides a concise overview of Salisbury in
Facts & Figures.
Maryland Economic Development Partners
and The Maryland State Data
Center
Estimating Sales & Market
Share:
You won't be able to get exact sales and market share information for
each of those businesses that you got from the phone book or other
business directories. Estimates are easier to get.
How many businesses are there in all that would be similar to the
one you are proposing in your business plan?
Once you get that number, then you will need to find retail sales for
the product or service category for your city/county/town. Use the
chamber of
commerce &
economic development websites to look for retail sales of that
product/service category. *Sometimes the category is really broad
versus specific to what you are looking for. For example, car wash
may be under the broader category of 'Automotive Aftercare'.
If you can't find retail sales from the
Chamber of
Commerce or
Economic Development sites:
Survey
of Buying Power and Media Markets
September Special Issue of Sales & Marketing Management (2003-04)
Shelved at the Reference Desk
To find an estimate of market
share:
(# of businesses divided by sales of product/service category)
You may be able to find ... "how much the average consumer spends on x"
... in articles or Best Customers. You would then multiply that
number by the population figure for your area (# represented in your
target market) and then divide by the number of businesses in your
product/service category.
Best
Customers: Demographics of Consumer Demand
Reference HC 79 .C6 R87 2005
Look up your product/service and find out how much the average household
spends for it.