Lens1000
VIP Contributor
Opening a business in area which competition can be so beneficial because there is an existing demand and there's also an existing market which shows the viability of the products or the services that you are offering . That is why having competitors in an area can help you to validate your business idea and it will also help to provide insight into the preferences of the customers. It will also allow you to tailor your offerings to meet some specific needs. It is important to know that competition can drive innovation and it can also encourage business to differentiate themselves.