Quote from: Sticks and stones on October 15, 2022, 04:26:21 PM

Quote from: burugcrypto on October 14, 2022, 01:51:27 PM

In my POV,

Competition is good when I am the customer
Competition is not good when I am the Businessman

You’re probably not a good business man if you’re scared of a little competition. Competition is good and encouraged for both parties. With competition, you could be more innovative which in turn would help grow your business. It would also help you stay on your toes and keep you alert cause you’re fully aware other businesses would just love to have your clients the moment you slip up.

As a human you shouldn't be afraid of competition, there is competition in every aspect of our life even by nature we compete to survive, will complete the live.
As a business owner if you want to be in an environment without competition you would definitely not grow.
Competition pushes one to be creative and innovative.
It also makes one to take extra steps to achieve success which on norms, they wouldn't have happened.

There is ethical and unethical competitions, the former is favourable to both business owners and consumers, unlike the layer.