The level of competition a business will face is important in determining its feasibility:
Use the following resources to locate information on potential competitors by industry, by company, and by location.
Check out the area in which your business will be located, to see if any of your competitors have locations nearby.
Look up your industry to see who the top companies are, and therefore your main competition.
Look up key companies in your industry to see their top competitors, who will also be YOUR top competitors.