7 Solid Reasons Why Market Competition Is Good For Small Businesses

Posted by Sian Phillips under Marketing
From http://tweakyourbiz.com 4001 days ago
Made Hot by: FutureVision on June 5, 2013 7:39 pm

By Daniel Adetunji

Attention business owners: how many of think it’s a good move to try and avoid competition? How many of you think market competition is evil? Hmm…It seems I can see some hands in the air; anyway, if you answered YES, to any of the above questions, then it means you’re not ready to build a profitable business.

7 Solid Reasons Why Market Competition Is Good For Small BusinessesI’m not here to argue or criticize anybody, in fact, I believe everyone is entitled to his or her own opinion but I want you to acknowledge this:

‘’ Embrace competition and see it from a positive perspective’’

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Comments

Written by tiroberts
4000 days ago

Competition is great for encouraging business growth. It helps to push us beyond what we think our limits are and make the impossible, possible.

Ti

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Written by lyceum
4001 days ago

Competition is a requirement for a free market. You will always have the chance to start up a company and compete with the existing players on the market. It is time to understand and defend the idea of capitalism. I recommend you to read the book, Free Market Revolution: How Ayn Rand's Ideas Can End Big Government by Yaron Brook and Don Watkins, for intellectual ammo.

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Written by AngelBiz
4001 days ago

All of the reasons you mentioned lead to making you a better business as a result of competition. You can see the impact of competition on the outcome by comparing business success in the free market country such as USA against those in Russia. It's the competition as a result of free market that made the businesses in USA world-class.

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