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.
Competition is good - if the competition is strong it keeps you activities.
A strong competition gives you a lot of ways to be active - that is nothing to be jealous of but to excel and work to the fullest