This is something that has really been a burden to me and I need ideas on how to come out of it.
A lot of people out there are also facing same challenges.
You can imagine successful setting up a business in a well suitable location and then just when you think things are getting better and enjoying your peace of mind. You find out that another person gets to set up the same business as yours very much close to you.
If this isn’t envy what else should it be call?
I mean you scouted the place and that is when others wants to buy in to the same idea.
Even if they want to start a business in the se location why the exact business some other person had on going.
Please I need ideas to be shared so one can find a solution to problems like this. And others who has intention of going in to business won’t be a problem or look like they’re being a competitor to the already existing business owners. this is the reason for this trend
That's the reality of the labor market, what you need to do is to be strategic on how to market your brand, marketing your brand gives you a different edge altogether, make your product very affordable but not to a point you will be losing your gain. An open market is always competitive, so you need to always be at your best, you will have to look out for things you know your opponent don't have, then you bring them in, especially items that are eye capturing, you have to take the fight to them, else you will be losing out big time as complaining will not help the solve the problem.
Is not every business you will start and immediately you start being successful, sometimes you have to go through rigorous processes and major competitions before recording your success story, so don't see that somebody opening the same kind of business around you, will bring down your business, rather It should be a motivation for you to be at the top of your game.
Competitor can effort on your business but it can also improve your performance. If you are doing small business,you want no competitor in the market because it will damage your empire and we will get the share in market . But one should not focus on that thing because God will help us by many ways and every person will get his income according to his luck . But we should not jealous by anybody and we should pray for the person who are our competitor then we will be successful one day.Hard work in very important but you should choose that field in which market is not saturated because after saturation your success chances will be very low.