As the saying goes, don’t make love if you fear heartbreak. The same applies to entrepreneurs. Do not start a business, if you are afraid of competitors during the trip.
Competitors are business competitors and it is the most common thing to happen. Every business that is established must have its competitors. Whether it’s only one, two, or even hundreds. Where each competing for the same consumer.
Because of that, careful preparation is needed so that the business that is owned can get space in the hearts of consumers. Especially if the business you want to start, has many products or services found in the market. There will be a need for newer and more brilliant ideas.
Competition will be more difficult if the competitor has been around for longer than the business that you want to start.
As the name suggests, a competitor is one or more business competitors that have similar products or services.
Competitors are also often seen as a risk or a challenge that must be overcome. So that the business that is owned continues to run and get a stable profit.
Mistreatment of competitors, will have serious impact and impact. Starting from consumers who change direction to making companies that are owned out of business.
There are several common causes that trigger the presence of higher competitors. The following are some of the reasons:
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