11:08 WhatsApp sba.ubc.ca Step-By-Step Checklist Identify your industry and provide a brief overview. You may need to explore your industry on a local, regional, provincial, national, and/or global level. Be sure to define relevant industry codes. Provide statistics and historical data about the nature of the industry and growth potential for your business, based on economic factors and conditions. Summarize the nature of the industry. Include specific information about growth patterns, fluctuations related to the economy, and income projections. Be sure to document recent developments, news, and innovations. Also, discuss marketing strategies, and the industry's prevalent operational and management trends. Provide a forecast for your industry. Compile economic data and industry predictions at different time intervals (5, 10, 20 years). Be sure to cite sources. Note: the type and size of the industry will determine how much information you will be able to find about a particular industry. Define if it is new and emerging, growing, maturing or declining. Identify government regulations that affect the industry. Include any recent laws pertaining to your industry, and any licenses or authorizations you would need to conduct business in your target market. This section may include information about fees and costs involved. Explain your unique position within the industry. Once you have completed your Competitive Analysis (in the next section) you can list the leading companies in the + 20