Healthy competition is good for business, it helps you stay focused, innovative and stay ahead. However, it can get difficult and frustrating especially if the competitions are aggressive and fierce.
Competitions will always exist in every business, setting a plan to stay ahead is often easier said than done.
Knowing who your competitions are is the first step, find out their identity, their strengths and weaknesses and what they have to offer.
As an entrepreneur, you will always encounter competitions in your line of business, so how do you cope and handle it? Do you come up with strategies to compete or you quit?
Competitions will always exist in every business, setting a plan to stay ahead is often easier said than done.
Knowing who your competitions are is the first step, find out their identity, their strengths and weaknesses and what they have to offer.
As an entrepreneur, you will always encounter competitions in your line of business, so how do you cope and handle it? Do you come up with strategies to compete or you quit?