How can small scale businesses resist competition from large scale businesses?

[Adetayo100]

Competitor Niche down; Small businesses need to go laser focused on a chosen market segment. Pick your angle and flaunt it. Jaw dropping products and services. Customer service and relationship should be your sidekick.

 

[Nomad]

Instead of focusing on wider area, you need to work on specific areas if you want to survive the competition from big business. If you are selling clothes, focus on selling kids clothes or plus size, instead of selling all kinds of clothes.

 

[Hasan Raza]

How there can be a competition between a small scale business and large scale business.Any small scale business that is trying to compete with a bigger brand without a proper business strategy is obviously going to fail. If the bigger brands have the market why compete in the first place, when you clearly cannot match their quality and service delivery.

 

[Diamond07]

Competition is always bound to happen in businesses. A small scale business shouldn't be in competition with a larger one. Rather a small scale business can only improve in his product or service so as to attain that height

 

[mizzzlotam]

Dreaming big is good admiring a large scale business is not bad. However how can you even try to compete with a large scale business. A lot of manpower capital has been engaged and you can’t expect the same result as a small scale. Some competition is unhealthy.

 

[Sheyemanu]

Concerning your question i would say that the only way you can resist competitors is by being the best in what you do, no matter how small your business is as long as you do it well and also consistently you'll be known for it

 

[Setho]

In business, you should not even try to resist a competition because they are almost inevitable in the spheres of life. The best thing to do right now is to actually make your business better and try to offer the customers what the customers a can not find there and bring them to yourself.

 

[Cash%]

Its going to be a very hard one but through the act of the small creating new innovation and development ,it can help the small business grow

 

[Kelly5]

Small scale businesses can not resist the competition from bigger businesses as long as they both are in the same product line and services. The least small scale businesses can do is hope to survive

 

[Eodine]

I don't think there's a way small scale business can completely resist competition from big companies they just have to find a way to thrive in the market and become big

 

[Bookwormlux]

One thing that caused some small scale businesses to fail was because they were trying to sell at lower prices compared to what other top businesses were selling, so they loss so much money.

 

[Setho]

No matter your business, you can not always resist competition as it would always be there. You should just learn from them and make your business even more better.

 

[btaliat]

You don't resist as a business owner. What you do is fighting competition. However to avoid too much competition, you can consider situating the business where there is no more seller of the same commodities.

 

[Good-Person]

I believe that you should target areas where popular brands are not so much popular. You must also market your product and explain customers why they should buy your product and what kind of different thing your product has to offer. You must also distribute your products initially as sample and make public realise that your product is not so much different from popular brands. Moreover, you must obviously set your product at a much lower price.

 

[Setfragil]

There is no way you will venture into any business without encountering competition either from big business or small business. You can resist competition by offering better products at cheaper prices.

 

[Bookwormlux]

You can resist competition by offering to be a mentee to the person who is owning the large scale business, this way he won't compete with you, but guide you.

 

[Alexandoy]

Instead of focusing on wider area, you need to work on specific areas if you want to survive the competition from big business. If you are selling clothes, focus on selling kids clothes or plus size, instead of selling all kinds of clothes.

I know of a small store beside a big supermarket. The small store concentrated on personal items and household items. They got more customers because the service is personal and the customers are immediately attended when they have a question on the product.

 

[kay169]

By sticking with a good marketing strategy and reducing the rate at which you sell your products so that you can avoid competition for big businesses that can enable you make more progress

 

[Abigael]

It is better if the small scale business looks for a better location with less competition from the large scale business. Otherwise, you may end up fighting a battle that you will never win. Large scale businesses have so much money and they will not loose much when they give out discounts to lure every customer to them.

 

[eLdavis]

The truth of the matter is you cant at the moment, there is just no way because in terms of resources, they have it more, in terms of capital, they have it more, in terms attracting more persons they can do it better, the only thing you might have against them might be cheaper price, which is not enough, as many would still for for the expensive one just because of the packaging