When I was in Business School, one of the most popular classes that everyone looked forward to was Strategic Management.  It's one of those areas that so many Entrepreneurs overlook, but big corporations spend a lot of time thinking about it.

In this video, I teach how you can apply one of the most popular business strategy frameworks I learned at Wharton, to your business.  The framework is called Porters 5 Forces, which happened to be developed by Harvard Business School Professor, Michael Porter.  

If you're just starting out, then this framework will set you up for faster success in your industry.  If you have an existing business, and you're ready to take things to the next level, then working through this framework will make the opportunities available to you much clearer.

The first part of the framework I share in the video is about evaluating your existing direct competitors.  The first thought for most entrepreneurs when they think about...