Competition is very important because it is the only medium through which goods and services can be readily available in great quality and service to the consumers
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One thing the presence of competition does is that it will make any busines owner to always be on top of his game,he will be thinking of constant improvement for his business.I believe that competition in business is healthy for customers only because competition forces business owners to improve their products quality and services and this is good for customers.
Competition bring out the best in you. Most times we tend to be content with the position or level we find our selves. We might feel that is the best we can be until we see someone who would challenge us to bring out those locked up potential.Without competition in your line of business by other competitors you may feel relaxed, you won't do something new and outstanding to your business, that's going extra miles to rebranding or adding value to your business because you may feel that you've already achieved it.
Exactly!Competition bring out the best in you. Most times we tend to be content with the position or level we find our selves. We might feel that is the best we can be until we see someone who would challenge us to bring out those locked up potential.
Challenges in business is inevitable,even if you start a business without competition,the success of the business will always draw attention and motivate others to follow such path, always stay true to your act.As a business person, I've realised that it's impossible not to have either direct or indirect competitors in your line of business. Main reason why new business starter needs to do their home work and faction in competitors in their business plan.
This bring the question, how do you strive to have an edge over others?
We can not over rule competition in any business.As a business person, I've realised that it's impossible not to have either direct or indirect competitors in your line of business. Main reason why new business starter needs to do their home work and faction in competitors in their business plan.
This bring the question, how do you strive to have an edge over others?
One way of getting information from your customers is through delibrate avenue for feedbacks,their reply will give you an idea of what you really need to do,and align it with your strategic plan for the business.In business for it to move forward there must be competition, that is why its good to have good strategies, always know what your clients want, that is a very good way of beating competitors around you. Always go for good and reliable Information that will help in boasting your business