Why is competition important?

[Nemma]

As a business person, I've realised that it's impossible not to have either direct or indirect competitors in your line of business. Main reason why new business starter needs to do their home work and faction in competitors in their business plan.

This bring the question, how do you strive to have an edge over others?

 

[Kennysplash]

Be unique in what you do, find a way to stand out and be different from others. Offer your clients incentives like discounts and rewards for their patronage. But above all, make sure you offer the best services that beat others.

 

[Bousine123]

As a business person, I've realised that it's impossible not to have either direct or indirect competitors in your line of business. Main reason why new business starter needs to do their home work and faction in competitors in their business plan.

This bring the question, how do you strive to have an edge over others?

Get to know what the other person or business is doing that you are failing to do. It's how you can overcome them.

 

[jeffey]

In business for it to move forward there must be competition, that is why its good to have good strategies, always know what your clients want, that is a very good way of beating competitors around you. Always go for good and reliable Information that will help in boasting your business

 

[tyrim88]

The essence of a good competitive market and atmospher is to put any serious business person on his/her toes,provided the competition is a healthy one,it will make the business owner to be always innovative inorder to still be relevant in the market space.

 

[Lens]

Competition brings out the best you . It will make you a better businessman because it will get you thinking of the possible strategies to use to survive the hurdles. Entrepreneurs should not see competition as the end of the business but a way to improve yourself.

 

[eLdavis]

Competition most times brings out the best in an individual or a company in general. If there are no competition, we would just be too relaxed. But once there is a competition, we would have no choice but to be creative.

 

[Josephjossy]

Without competition in business you will never grow you need competition for you to be able to grow your business competition will make you to understand that you need to sit up. Without competition you may not understand that your business is going down

 

[Dagm1]

The significance of a great affordable market as well as atmospher is actually to place any type of major company individual on his/her toes,offered the competitors is actually a healthy and balanced one,it will certainly create business proprietor to become constantly ingenious inorder to still be actually appropriate on the market area.

 

[eLdavis]

Without competition in business you will never grow you need competition for you to be able to grow your business competition will make you to understand that you need to sit up. Without competition you may not understand that your business is going down

True, when there is no competition, one would tend to be relaxed And might not put in their very best but once competition comes in, they would want to put in their best.

 

[Good-Person]

I believe that competition in business is healthy for customers only because competition forces business owners to improve their products quality and services and this is good for customers.

 

[Kingstone]

Competition reminds you that you need to be more creative and should be looking for ways to outshine your competitors. Look for their loopholes and solve them with your business. In that manner, you will earn more recognition.

 

[Billy]

As a business person, I've realised that it's impossible not to have either direct or indirect competitors in your line of business. Main reason why new business starter needs to do their home work and faction in competitors in their business plan.

This bring the question, how do you strive to have an edge over others?

The only way to be an edge over the other is by earning what they do. How they do it, and how better you can do in order to outsmart your rivals. Competition is good as it pushes you to think outside the box

 

[joy101]

Competition is very important in business because it help your business to move very well, competition is very good in a business.

 

[Hojo]

Competition really matters in every aspect of life else you did be sleeping on what you need to do importantly .....
Let's just conclude by saying competition is effort

 

[Good-Person]

I believe that competition is only good for customers. This is because competition is the main enemy of monopoly and this is good from customer's perspective. Competition is the main reason why prices decrease.

 

[Immilash]

Why is it competition very important
Competition is very important in terms of business ,because it helps you to introduce many things in your business in other to catapult your business

 

[Adam13]

PS competition is very important in business as long as it is healthy. When business people are in competition it encourages innovation all parts which plays a very important role in providing the best services to customers. Competition is very important in all spheres of life that deals with people and services.

 

[eLdavis]

Why is it competition very important
Competition is very important in terms of business ,because it helps you to introduce many things in your business in other to catapult your business

Well said, competition simply brings out the best in you. It helps you unleash hidden potentials you never knew you once had and it makes you to be more creative

 

[Ruth]

Competition is very crucial because it helps you out on your A game. When there's no competition there's no room for improvement because your a boss and that's a terrible thing. Competition makes us more committed