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Be wary of many competitors when making a start up
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[QUOTE="Alexandoy, post: 99571, member: 25510"] This issue is particular to an offline business. When there are many competitors in the area maybe you have to think it over if it is worth opening your business of the same nature. My niece opened up a water filling station in their area against my advice. There were already more than 5 of that business in their village. Her business started on good footing that it was earning for 4 months before it experienced low sales owing to the stiff competition. When she closed her business before it reached 1 year she admitted defeat and felt sorry that she did not heed my advice. [/QUOTE]
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