Competition in business

[Sad56]

Yes you are right, there is a lot of competitions around business, Business competition force us to work hard and get and achieve new goals about business so A lot companies here in Pakistan also compete each other and that's why they are getting progress

 

[idhans]

We all know there can be great rivalry in business. Different companies selling the same product or offering same services. As a person starting up a small scale business in which there are big scale business already in the market, what can be told to be able to win customers to my business. Or do you think I should find another niche of business?

If you are going into any business you have to understand that there are a lot of people doing that same business and you can not definitely rule out competition in that business. what I would advise you to do is for you to stay competitive in the business, and always find out the weaknesses of your competitor, and take advantage of it.

 

[Ralphjoe]

For you to win over customers that may likely already be patronizing those big sales companies that are producing same product with you, you have to offer something very unique and of value for a small price if you want to break into the industry and also make the profit. There's something unique like after sales service, discounts and good customer relationship.

 

[Umerfarooq]

An important benefit of competition is the promotion of innovation. Competition between companies can promote the invention of new or improved products, or more efficient processes. ... Competition can also help businesses identify customer needs

 

[Ayoknl]

All business enterprise has a strong competitor, changing your mind about the initial business and going for another one isn't the right call, however if you think you can do better and compete better in the next business compared with the initial one then you should make a move for it

 

[btaliat]

A usiness owner should be prepared for competition. Ability of a business owner to win competition is what makes him or her a successful business owner. Thats why you must be unique and diffrent while setting up a business.

 

[Nicklas22]

Competition in business is very good, it improves you in all aspects about your business, when your business competitors are doing better than you, you have to ensure you compete with them for the best promotion

 

[Taimoor Jutt]

Now it is trend to compete each other in business. Some top companies always compete each other to get top of the list. So it is also compulsory now a days. You should also compete in the business to others it will make us more

 

[Diamond07]

Competition is healthy in business, it's a normal thing. Your branding and services will make you different from your competitors. You have to always look for new ways to improve your product or service.

 

[Presido]

Businesses should always have competition among themselves because there are always companies that also want to meet your demand in the market and if you are to sluggish to pass them then they will pass you in productivity.

 

[sam386150]

Competition have to do with a kind of business your dealing,in business competition cannot call maybe prices on the quality of your product, enviness can bring competition in business.

 

[Mostee501]

Almost all if not all businesses have various competitions,going on a business quest to know how the market works is an important factor,brainstorming on different ideas that has been collected from different professionals can go along way to help.

 

[Psalmsavatar]

Competition is healthy for businesses – it will force you to innovate, staying ahead of the curve.

Yet that rivalry can also be intimidating.

You don’t want to back down, but you aren’t sure how to combat competition. Every company deals with this problem, and what success comes down to here is developing a plan that helps you better serve your customers, accurate branding, and supporting your team.

 

[Philip Omotayo]

Competition is one of the driving forces of a business. One it helps the business to be known in the market place. Secondly, it promotes the business to be successful. Competitive business boost the brand of the business to be better. Nonetheless, business without competition is not a business.

 

[GIFTMICHAEL]

We all know there can be great rivalry in business. Different companies selling the same product or offering same services. As a person starting up a small scale business in which there are big scale business already in the market, what can be told to be able to win customers to my business. Or do you think I should find another niche of business?

Competition is what makes business formidable and successful. Without competition price will definitely not come down as it were. Rivalry in Product, goods and services will improve the quality of goods and services.

 

[KvngMurphy]

Competition is a form of rivalry between companies selling similar products and services with the goal of achieving revenue, profit, and market values. In other words, competition in business is when two or more companies or businesses compete for the same thing or a similar goal. Traditionally, that means competing for customers with the end goal being profitable.

 

[Yewande]

giving up on a niche that you have a knowledge about just because of competition isn't the ideal thing you can do currently, if you can't compete, you won't be able to succeed on any business because competition exists everywhere

How about the man power to go toe to toe with your competition. It is one thing to have the knowledge but another thing to have enough resources to go head to head with a big company as a competition.
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Competition is healthy for businesses – it will force you to innovate, staying ahead of the curve.

Yet that rivalry can also be intimidating.

You don’t want to back down, but you aren’t sure how to combat competition. Every company deals with this problem, and what success comes down to here is developing a plan that helps you better serve your customers, accurate branding, and supporting your team.

Competition is only profitable for the customers and never for the business owners. Competition makes business owner drop the price of their product. Or unwillingly increase the quantity so as not to be pushed out of the market by a competition

 

[Gidoskî]

Competition is one thing that makes us stay on our toes and step up the game.Its more like a mirror reflecting back your efforts.Helps you understand various aspect in which you seem not to be getting it right and helps you improve.Makes us on the look out on ways to beat our competitors and be ahead of them.I believe it's also one if the things that brings improvement in a business.

 

[Godleads1]

I hope that is not the presence of fear. If the likes of cowbell, three crown and others can be innovative in there business plan, you also can do same. You are starting with the intention of meeting the needs if people. So you could draw a better competition by coming from a view no one expected. Sit down and calculate the cost, take that big step. No business started big.

 

[Thosynho]

We all know there can be great rivalry in business. Different companies selling the same product or offering same services. As a person starting up a small scale business in which there are big scale business already in the market, what can be told to be able to win customers to my business. Or do you think I should find another niche of business?

Cimpetition in business is very good for both the business owner and customers. When there is a healthy competition, it helps entrepreneurs to produce quality products and competition also bring about fall in price.