In this episode of The James Sinclair Podcast I discuss business competition and how to protect yourself. Here are some of my top tips; you simply can't avoid competition as it is what creates innovation. If you don't innovate you will evaporate. One way to stay ahead is to always be 10% better, make doing business with you 10% easier. Let's look at amazon for example, lots of people sell things online... but not at the efficiency and quality of service amazon provide. They are 10% (probably more) better than everyone else.

Make yourself as high barrier to entry as possible. If someone says they want to open an 8 bedroom hotel thats fine, but that is also something another person could easily do. What about opening a 500 bedroom hotel with a lazy river flowing through it and the largest penthouses available... whatever the details may be. This is VERY high barrier to entry and will eliminate almost all of your competition who can't keep up. Regulated businesses are also great. Like our day nurseries for example, ofsted immediately scares people away from even starting so we are already ahead.

In short, make business as easy as possible for your customers and they will love you. Overwhelm your customers with value and they won't look anywhere else.

Why is it that some business owners are more successful than others?

If you’ve listened to one of my many podcasts or watched one of my videos you’ll  be familiar with my passion to help business owners overcome some of their pain points.  

Throughout my business journey I’ve met and helped countless entrepreneurs who: 

- Don’t have time 

- Don’t make the money they want to

- Dream of but don’t have a clear exit plan 

- Struggle getting new customers into their business

- Are stuck in operations; running the business, not building it

- Continually fighting battle after battle

If this sounds familiar and you’re looking for help then the James Sinclair Podcast is a helping hand.

I’m on a mission to help business owners change, from surviving to thriving, using all the experience, learnings, mistakes made and successes that have led me to my current businesses turning over £12 million and employing 400 staff.

At heart, I’m an entertainer who’s passionate about helping business owners.  I speak at business conferences around the country and have set up a seminar business, teaching business owners and entrepreneurs how to Soar To Success.  

This all happened off the back of the books I’ve written and the daily videos I release on social media.

I also love teaching people how to get more customers, how to keep them and at the same time build a business that literally works without them in it.

I’m particularly passionate about building recurring revenue in traditional businesses, it’s the stress buster of business.

So if you’d like to build a business that gets more customers, makes more money and generates regular income then make sure you subscribe to my Podcast today.

You can watch all my videos on YouTube:

https://www.youtube.com/c/jamessinclairentrepreneur

Follow me daily on Instagram:

https://www.instagram.com/_jamessinclair

We also stream the majority of these podcasts live on Facebook here:

https://www.facebook.com/jamesjimbosinclair/

I am truly passionate about helping business owners and entrepreneurs soar to success. Any questions, don't hesitate to get in touch.

https://jamessinclair.net/