8 Ways to Handle Competitors in Business

Competition is the jostle and juggle among firms for customers or buyers. However, it involved, not just other seller but other stakeholders, namely supplier of inputs, rivalry substitute products, new entrants and buyers them self. Competition forces you to give your best. Having that challenger right on your heels pushes you to run faster, work harder and think deeper. You can also learn plenty from the successes and failures of a worthy adversary. Plus, competition just makes the game more interesting and a whole lot more fun. Here are a few pointers: 1. Don’t be a copycat. I started my printing company Triumphant Concept with the full knowledge that there were other more well-established competitors already in the field. Instead of jumping on whatever trend they were touting, I went down my own path. 2.Position strength to weakness Even if your competitors has a better product his willing to sell it at lower price, you can still win. Every comp...