Competition, have you ever heard about it? It is not just a word but after listening this word, The spirit of the people who has been doing something special starts trembling. This should be obvious because people find it most dangerous that the person in front of me is equal or has overtaken me.
Does this word only creates difficulty in business or also have some advantages. In this journal we will discuss about competition and how to overcome fear of competition, what steps can be taken to allocate competition in business?
Today, there is a common thing which arises in everyone's mind while starting up a business and that is agitation of competition. Most of the people thinks that where we can start and contrive our business, How much competition is there in this field? This fear often enables the entrepreneurs to overthink and in most of the cases, they lose their right track.
How we can conquer the fear of Competition:
Beyond fear, there is victory.
- Entrepreneurs should just concentrate on the actions which they are going to take instead of thinking more about all other circumstances.
- They can enhance their practice skills and should strive to make their product more and more effective.
- Before starting a business, they should think more about the problems of the common man that occurs in the everyday's life and they should try to solve these problems by innovating their business, from doing this they can distract their mind from the fear.
Steps can be taken to deal with competition:
- Entrepreneurs should always try to do something different from others means they have to do some extraordinary works.
- There is no limit of adventures and creativity, so for the taking a stand in the race of competition one should be always built new and creative things, otherwise the competitors will overtake us with their new techniques.
- Until and Unless you have not done some work on your Ideas don't share it anywhere even with your most beloved friends and family, because idea might be theft by anyone .
- Don't take too much time in taking tough calls because your idea may become old if you take too much time and your plan may fail. If you have even done with 70% with your plan then bring down into the market.
- Treat your customer as a deity and yourself as a devotee of the costumer means you have to fulfill each and every demands of your costumer.
Advantages of Competition:
- Competition makes people to do hard and smart works which results into the growth and innovation.
- Competition always supports perfection towards any kind of work. Everyone wants to do their work perfectly.
- It makes people to keep learning forever as Competition always keeps on growing.
- Competition teaches us to become a person who always tries to run behind the quality development rather than the success because success is the tail of quality.
"Becoming number one is easier than remaining number one."
For knowing more about the Advantages of competition you can
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