Thomas Nagy runs through Porter’s Five Force model
Posted: Monday, November 28th, 2022
Deciding whether to go out on your own as a sole trader is probably one of the biggest (and bravest) decisions any tradesperson is going to make. Although apprenticeships and years on the tools can provide somebody with the necessary trade expertise, it doesn’t necessarily equip them to correctly identify a business opportunity. To help, The Electrical Show host Thomas Nagy and co-host Bradley Jones run through Porter’s Five Forces – a business analysis model that will help budding contractors’ asses the market opportunity. The pair chat about market opportunity, barriers to entry, pricing, health of the market and the threat of ‘substitutes’. To find out more click below to listen to the full show.
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