Post
Topic
Board Economics
Re: Can one face competitors in business and still succeed. And how?
by
goldkingcoiner
on 05/11/2024, 14:04:54 UTC
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

As long as you are the better business, the customers will come to you, regardless of how many similar businesses are placed near you. But you really need to find that one thing that will make you stand out from the other businesses and marketing can take you only so far.

Competition is good for business, it keeps you on your toes and makes sure the customer gets exactly what he/she wants.