When it comes to business, how do you feel about competition? What about the idea of befriending your rivals? Is there light at the end of the tunnel when businesses compete for the same clients?
Competition often carries a negative connotation. Businesses feel that competition can be damaging. The truth depends on a number of factors:
-Is your business doing well?
-When businesses are struggling to stay afloat, the last thing they want to worry about is competition.
In a world where the stresses of just getting by are a day-to-day occurrence one does not need any additional problems... like competition.
But what if your business is doing well? Some businesses fear losing existing customers to their competitors.
Perception, unfortunately, is the strong driving force behind how people feel about competition.
The most common belief comes from a sense of lack.
When I talk to businesses who have a fear of competition, the number of topic that comes up is always about losing customers.
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