Opening business in area with competition or without competition?

[Lens1000]

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.

 

[Holicent]

You are right about this. But you should be able to deal with competition as well. You don't just be at the forefront because there is a high demand, you have to do some certain things to improve your customer base and sales. Do what your competitors are not, check what they are not offering in terms of services as well, your customer relationship must be top notch, you should make sure you act quickly and rationally on feedback from your customers.