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
It's all depends on the line of business that you are into. There are types of businesses that have settings and spacing, and such need to be respected. If it's a business, they have associations; you need to check if such is allowed. In my area, there is an approved spacing for medical stores.
But if it's just a regular business where all you need is to strategise your pattern of marketing and make sure that you retain the customer you already have sometimes won't even leave you unless you were not treating them right, that's when your competitor will buy them over.