Competitive AnalysisDefine/describe your competition, both direct and indirect.Why does your company have a competitive advantage? What makes your company special?Find three competitors and describe them.Describe your strategy for outperforming the competition.Management TeamWill you be hiring employees? If so, describe what their qualifications should be, what you intend to pay them, and how they will help your business. Detailed position descriptions can be placed in the appendices.Do you intend to pay yourself a salary, wage, dividend, or commission? Explain the method and the decision criteria regarding the level of compensation.What will be your most important policies toward employees? How will you make your organization a positive and rewarding placeto work?Physical Location and FacilitiesDescribe the actual physical place in greater detail than above.What type of building and equipment will you have?Identify which technological tools you plan to use for your organization and explain why.Inventory, Production, and Quality AssuranceFrom what companies or individuals will you purchase the products you plan to sell or the parts you will use to manufacture those products?Do you intend to manufacture your product? If so, describe the manufacturing processes you will use. If not, describe how your product is manufactured.How do you plan to distribute or get your product to your target market?What is the estimated delivery time between when you place an order with your supplier and when you will have the product available for your customers?What method(s) will you use to define and ensure the quality of your products/services?