Meeting 5: Competition and Product Development

**Date:** Nov 28, 2024
**Time:** 6pm
**Location:** Coffee Bar Buro, 10 Water St, Vancouver

Join us for the next session of the **Vancouver Entrepreneurs’ Hurdles & Solutions Circle**, where we will focus on **Competition and Product Development**.

As entrepreneurs, we face similar challenges and obstacles, but how we navigate these issues can vary based on our experiences and knowledge. In this group, we discuss our current hurdles and share our approaches to overcoming them. This is a space where you can explain the difficulties you're facing and receive valuable insights from fellow entrepreneurs who have encountered similar issues.

Our goal is not to dictate what you should do but to offer a range of perspectives and solutions that have worked for others. For instance, if you're struggling with making your sales team achieve their goals, we’ll discuss how different members set KPIs, manage sales funnels, and use motivation techniques.

In this meeting, we will discuss various strategies and challenges related to staying competitive and evolving your product. We won’t be providing direct solutions but will share and explore experiences on the following topics:
- **Market Share:** How do you determine and track your share of the market?
- **Competitor Tracking:** What methods do you use to monitor your competitors?
- **Winning the Race:** What plans and strategies have you set to outperform your competitors?
- **Customer Feedback:** How often do you gather feedback from customers, and how do you use this information?
- **Handling Price Wars:** How do you approach and navigate price competition with rivals?
- **Competitive Strategies:** What strategies do you employ to overcome and outmaneuver competitors?
- **Product Copying:** How do you deal with competitors copying your products or vice versa?

Prepare to share your experiences, challenges, and strategies regarding competition and product development. This is an opportunity to learn from each other and gain insights into navigating the competitive landscape.

**Meeting Guidelines:**
1. **Share Your Challenges:** Discuss the difficulties you face with competition and product development and how you address them.
2. **Respect Confidentiality:** Keep shared information within the group and respect the privacy of others.
3. **Engage Respectfully:** Participate in discussions constructively and with respect.
4. **Optional Anonymity:** Feel free to join the discussion without revealing personal or business details if you prefer.

**Please Note:** This is a free event, and we are not selling products, services, or consulting. Our goal is to share knowledge, learn from each other, and build a supportive community.

We look forward to an insightful discussion and learning from each other’s experiences with competition and product development!