Finding a Niche: Make Your Business Plan Stand Out | SBA.gov

Finding a Niche: Make Your Business Plan Stand Out | SBA.gov: "o tackle a wide market is usually too broad of a scope for any but the largest companies to handle. As a smaller business, it's often a better strategy to try to divide potential demand for offerings into manageable market niches. Small operations can then offer specialized goods and services that are attractive to a specific group of prospective buyers.

There are undoubtedly some particular products or services that you will be especially suited to provide. Study the market carefully and you will find opportunities. For example, surgical instruments used to be sold in bulk to both small medical practices and large hospitals. One firm realized that the smaller practices often disposed of instruments because they could not afford to sterilize them after each use like hospitals did."