How to Deal with Company Rivals
Do you find yourself right now in thick competition with all people elbowing each other and also scrambling to the top position?
Though you wish your competition will simply go away already, having them is in fact good for your business.
Competition will actually force you to give all your best. With challengers right on your heels, it will push you to run faster, work harder and to also think deeper. You also could learn a lot from the successes and on the failures from a worthy adversary. Also, competition makes it more interesting and a lot more fun. This would be why you never should be afraid with the competition and you need to learn on how to deal with it in an advantageous way.
Below are some things that you need to remember:
Don’t be a Copycat
It’s essential to remember that there are already more well-established competitors that’s already in the field. It is best that you avoid jumping on whatever trend they are touting with and consider going on with your own path. You must have your own ideas based on your own experience as a business owner. They actually have nothing with your experience and also on the lessons that you learned on the process. It’s best to place your focus on your competitive advantage.
Try to Ignore the Competition
It’s best that you ignore them and assume that your customers are going to see clearly on the difference on the quality. You however need to ignore it for the most part. If you try to ignore this fully, it may potentially place you at risk and could lead to disasters for your business.
Dont Underestimate the Competition
Competitors are present in different sizes and shapes, however they only have one thing in common. All of them wants to beat you. Large firms could get tripped in their own bureaucracy, however startups are nimble and could move fast and operate under the radar. Due to the fact that survival is on the line, they usually take on big risks and cut corners. Avoid underestimating your competitors, especially for the small ones.
Don’t Play Dirty
There’s actually no reason for you why you can’t get along. Businesses that are competing could in fact co-exist in a community and cooperate on occasion.
In the business world, you cannot make the competition completely disappear, but this actually is alright. Accept the challenges as it helps you to get a stronger business in the end.
Competition will force you in giving your best. This will help you to learn a lot of things from the successes and from the failures from a worthy adversary.
Another Source: great post to read