Each Entrepreneur is responsible for his business decisions.For smooth running of an organisation, he should check the below things: 1. How difficult is a new firm to establish in your industry? 2. Which are the competitive products in the target market? 3. How much strong is your Suppliers and Buyers to negotiate the prices ? 4. What is the expectation of quality? 5. Is there an access and availability of Land , Labour and Capital ? 6. Which firms dominate your local market and why ? 7. Is there any scope for launching a new product to beat the competitors 8. Which firm have the Price Leadership and why?