Topic: Can one face competitors in business and still succeed. And how? - page 4. (Read 1185 times)

People can copy ideas and styles in business but people cannot guarantee the level of success, so don't worry about that. Just focus on the development stage and do it in the best way so that the business you design can run well to find a level of success.

There is no need to be afraid of competition as long as you understand the business and do something different so that the business you run becomes more successful. Copying other people's business styles also does not necessarily mean success as expected because people have much more appropriate solutions. Your job is only to do your best and the rest is to evaluate so that you can see the shortcomings in the business to be fixed to improve it.

Sure you can still succeed. All you have to do is be better than your competitors. Every business has some sort of shortcomings/lacking. You have to take advantage of these lacking of your competitors to make your business better/superior than them. You need to provide better service, quality products and competitive pricing to your customers. You need to offer something different than what your rivals are offering. Once you establish yourself and build a good reputation, you will be easily able to survive the market.

The sky is big enough for everyone, and for every business to flourish. While you may not like or appreciate the competition, competition is needed at times and necessary too to make you sit-up in business and the service you deliver. Competition can help your customers realize that you are the better choice after trying out the service that the other business doing the same as you has to offer.
As an existing business in a place that another business has come to a meet you should understand that it is possible that they have studied your model of business and have come to improve on it so to stay in competition with them and be on the lead you need to re evaluate the service you offer and how you offer your services to make sure that you remain top notch and the standard of service delivery because if you decide to remain stagnant and not dynamic to change, the other new business will most likely take you out of business.

By understanding the market situation it will be easier to manage the business you are working on even though there is competition in the same business, by providing a little more service to consumers, it can have an impact on customers trusting you, in this case it is necessary to have ideas that need to be especially in terms of good delivery.

I thought of same issue mostly my locality, people create same business without minding the location and other existing business. Personally at the end of the day they both earn quality money depending on the kind of business for example supermarket. If this should stand as a competition you just have to buy quality goods or render a good service, 99% of customers create massive awareness without paying for a dime just because they enjoyed the service.
Creating a business requires knowledge on how to handle competition etc, there’s no specific business creator so I will consider envy as false. Every business owner learnt same idea or inspiration from someone else meanwhile competition can be consider as a must when dealing with business also due to different business type not all require competition because I have seen different business owners cooperate  to create something good.

In every business there’s is competition, especially the way the situation of the country is going on and there’s know availability of the jobs, so the only things that as youths to do now to survive is to establish a business; and the things hard be currently know any business they available that I will say they nobody is doing the business.

There’s a lot of people’s that are establishing the same business in the same location and every is succeed, doing the same business with others people in the same location doesn’t matter, but having faith on your business you will see what will be the outcome in the your business.

There are simple things to be done if you really want to be ahead of your competitors especially when you are the first person to establish a business in that location.
1) Always be available to render services to your customers at all times
2) Do not sell bad products to your customers so that they won't have any reason to doubt your integrity
3) have what your customers need with they won't try to buy from your competitors
4) let your price be the best and different from the rest then you will always be the first person to be mentioned when a product is needed around the area
5) have a good customer relationship with your customers by so doing you will be ahead of other people in the same line of business in your location.

Of course you can face competition in business & still win. There are plenty of potential customers out there in most fields. It all depends what you are offering, are your prices competitive, is your customer service good, are you always keeping up with the latest products etc, is your advertising good. As long as you are in a trade or field that is in high demand then there are plenty of potential customers out there. Healthy competition might strive you to do even better as you don’t get complacent.

I used to think that I would be successful in business when I had no competition. I will establish my business location in a place where there is no similar business owner. But my assumption was completely wrong. Business requires competition. Competition is an incentive for business to be honest. In the same business, if one person is able to provide more benefits than the other person can provide to the consumer, then the person who provides more benefits will survive in the business. If a person wants to run a business but does not want to compete then he is not doing business perfectly.

Moreover, if we are a consumer and realize the general issue, I think this point can be clear. Where there is business competition where there is a good business environment there is a high influx of buyers. Everyone benefits from the business and where there is no competition there is less customer. That's why I think having similar businesses in the same location is a positive site for those businesses.

Definitely yes one can face competitors in business and still be successful in it, and I'll explain this with an illustration. My sister use to have a business located in a busy area that would attract customer service more and was the first in that business in that area and was very prominent in her specialty but all of a sudden she got the same street line neighbor offering same service she renders and that's when the competition started, tho it'll be challenging but she had to beat up the fact that she was first in the area of that business before them and this led on to her offering and making sure she met to her customers needs at every given time, so just understand every aspects of the markets to beat up competitors.

What you said is actually very reasonable to be understood by every businessman who always has competitors from various thoughts. Because it is quite clear that if there are other businessmen who try to copy a product that we have made before, it has indeed given a sign that our product is the best so that it makes other people motivated to copy it. I also have an understanding that is almost similar to what you said because if a businessman wants his customers not to disappear or go elsewhere. Then the business owner must be able to provide better service with a level of product quality that is not bad so that customers can continue to be loyal to the business he runs.

Personally i wanna to say that a business idea is the best idea to live freely in my opinion. When you start a business, no one will be responsible here, you will take your business forward in your own way. But I think in order to do business you have to be of that mindset where your customer service is good and your customers are impressed by your manners and behavior and want to come back for a second time.

The quality of your product must be good. If the quality of the product is good, if you can provide good product, then the customer will get better. You have to think about how you will serve customers well and how to win their hearts. If you can conceptualize this then it will not take long for your business to move forward.

And I will tell you that if you want to do business, you should be a down-to-earth person and do business in such a way that everyone is motivated by seeing you and you can do business in such a beautiful way. Always maintain your integrity and loyalty. And if someone else does the same business as your business, you will not be jealous of them. You will constantly add new creativity to move your business forward, then your business will move forward beautifully.

You should welcome competition; we are launching business to serve the needs of the people and the improvement of what the people needs comes from competition, the customers will always look for a better service and product so if you do not have competition and just pure monopoly, you will not improve and your customer will leave you.

There's nothing to worry about if you're the original; customers have propensity to who comes first or who intrduce the business or industry, Just like what we have here in Cryptocurrency, your focus should be on improving your product or services and you will have loyal followers because you are the originator

Competition will always exist in any business or industry. You are not a true business if you are not competitive. You should believe in your products and services. Not allowing competition will only mean that your product or services is inferior.

I don't see it as envy. Everybody else wants to make money same as you. If you discover something that's working, others will definitely follow. Take Bitcoin for example, after it was created and became successful, other people followed by creating their own cryptocurrencies.
What you should learn from this is despite that, none of those currencies have been superior to bitcoin and the reason is because of how good and open for improvement bitcoin is.

I know it's not exactly the same thing on all fronts since the creator of bitcoin didn't create it for profit unlike our business, but we can say altcoins are its competition.
If you start a business in an area and another business which is relatively newer than yours is having more customers or making more money than you, then it means they're doing something you arent doing. Sometimes it could be something that is out of your control to change like te fact that they may have more funding than you, but other times, it can also be things you can work on and improve.

Don't see competition as a bad ting for your business. See it as something that should push you to be better. Be better than your opposition. Invest in ways that you can be better, do research, treat your customers better and have a better relationship with them. You have to find a way to make sure your customers always come back (except you run a funeral home or a casket business of course )
Competition doesn't mean the end of your business. It may mean you will share customers but if you do the right thing you'll come out ontop.

Competition in business will actually be beneficial or make things more interesting when you are in the customer's shoes because you will be able to buy things at cheaper prices, and have more choices instead of depending on. But if you are in a business position, this is not fun because you will have to spend more time, money and effort to create better products at cheaper prices, come up with new strategies, change your business plan...to avoid being surpassed by competitors. It can be said that businesses are very afraid of competition because it will cause them to lose revenue or worse, go bankrupt.

As a business owner, no one likes competition but it is inevitable in business, and which is why many people say that business is not easy and not for everyone. If you have ever been in business or are a business owner, I don't believe you like competition.

True, how you treat your customers matters a lot. Because, there is no business without competitors. Though I find it weird when you are selling a particular thing and somebody comes right next to you or opposite you to sell that the same thing. But since people do it and it's expected that when you come to a location with something different, sooner or later somebody will join you in that trade, you have to prepare your mind ahead of it, you have to put strategies and plans in place. You have to always up your game, maybe expand your offering or have a unique product that you sell.

 And customer experience is very important, know how to treat your customers, even when they may be wrong, know how to talk to them so it doesn't lead to bad customer experience. Let people in the community know you for something. Let your customers be happy and satisfied with your service. And if you can sell your product at a fairer price than your competitor, then do so.
Emphasis on customer service, the way people feel about you determines if they will come back to you. So you have to differentiate yourself, either with your customer service or your product or just something.

In starting a business you need to consider the budget of course now, what does the community needs its becomes more effective than what others store already have and you want to compete, now if you already mind and picture out what you need you must need to canvas the price of the equipment and the location consider if there's a lot of people nearby walking, tons of business nears on it, so you have an idea if you will become an effective store right there, competitor is normal but you must need to know how to market yourself and your product, the most effective wins and gains profit.

That's right, business is certainly something that needs to be developed and with this competition, it makes its personnel have to do their best for their business, besides that, competition in a business in my opinion is a natural thing because if there is no competition in a business, it seems less interesting and also there is likely no lesson that we can take because with this competition indirectly there will be lessons that we can take, this allows us to improve our own skills.
doing the best way to attract customers will be one of the things that becomes a competition, where companies must display attractive marketing to be able to make many customers interested in their products, therefore individual companies or not must have good marketing skills, such as in their delivery that can make customers confident with their products. And it should be noted that not everyone has good skills in this matter but to learn it might be possible.

Business is even interesting when their is competition, atleast it makes one to try to bring the best.  When their is competition in Business this should not be a problem, all you just need to concentrate on is to work on your customer service and price you won't struggle in having customers.

When customers are okay with the way they are treated and the price they got a particular product they will always to patronise you. Anyone who is worried about competition is not ready for business.  Competition helps to have a better focus in business and how to think in developing innovation to make the business grow better. It is competition that gives a business a good brand , I don't think competition is a threat to business, maybe it can be threat when one is not ready to improve, focus and consistent in business.

You shouldn't be bothered by someone doing exactly the same business that you're doing in the same location because sometimes, that's a blessing in disguise and not necessary a bad thing. Haven't you seen Coca-Cola and Pessi or any other soft drinks selling in the same locations. What about supermarket being located in the same environment yet they don't go out of business but the both businesses begins to thrive. Why people choose to copy what others are already doing and making profits is because they're scared to try out new things and they're not entrepreneurs that can take such risk.

Having two businesses in the same area give people the option of choosing between the two of you, who they're going to patronized and not when there's only one business there that they can decide to not buy anything. Don't see every competitor as toxic as you can take full advantage of them to make more money.