Weaknesses
Despite having many strengths, Marion County does have some weaknesses when considering starting a business here such as limited financial assistance from public entities like banks or government grants due to its small size relative other counties within the state. Moreover, competition between different industries can be fierce with neighbouring counties such as Orange having more established players who have better access to capital and resources than those found in Marion offering similar products/services at lower prices thus creating price pressure on any business venturing into this market space especially if they are dealing with large corporate competitors.. Additionally there may be fewer options available when seeking out customers meaning that marketing efforts need be scaled up significantly before seeing any real results from them consequently increasing overall operational costs too .

Opportunities Even though there are some drawbacks associated with setting up shop here , there are also plenty of opportunities that come along with establishing a business in this area These include: leveraging UF’s research capabilities; taking advantage of incentives offered by local governments; making use of available training programs; forming strategic partnerships; tapping into potential sources talent pools both domestically & internationally via recruiting initiatives etc all these avenues should help prospective entrepreneurs get off ground more quickly without running into too much red tape during process . Additionally , given current political climate nationwide ; now might actually prove perfect time start something up locally because even though competition could become stiffer eventually due likely increase demand people what being offered regardless where they’re located .

Threats There are also certain threats facing new & existing businesses alike namely : rising operating costs due inflationary pressures ; changing consumer preferences leading decrease sales numbers ; emergence digital technologies disrupting traditional industry models (such as Uber vs taxi cabs); increased regulatory compliance measures being imposed upon companies etc all could potentially lead significant losses over long term so it important take these into consideration prior launching operations anywhere let alone Marion county . Furthermore , competition Orange county could adversely impact success rate ventures since not only more established players present but higher levels resources capital accessible resulting lower pricing pressure experienced by smaller firms trying break through this particular market space .

Strategy Should Be Used To Gain Competitive Advantage?In order for any business wanting gain competitive edge against rivals should focus investment areas wherein their offerings differ most from others For instance focusing production line technology innovation customer service development advertising strategy etc would help create sustainable niche within sector under question As such , strategizing short medium long terms goals prioritising accordingly then executing through proper channels ensure greatest return investments made ultimately leading successful venture no matter where situated . An additional tactic also use tap university talents already present region effectively utilise skillsets gain unique insights information flow constantly updating internal processes equipment thus staying ahead curve instead reacting after fact when comes trends changes happening quick succession industry space concerned