In business, competition is a never ending situation. From time immemorial there has been competition and this modern time isn’t an exception.

You need to be better than each of your competitors in at least three ways if you want to survive. Notwithstanding if your competition is Starbucks, Mcdonalds and Nike; you’ve got to find a way to beat them to it.

But let’s get something straight right now: being cheaper than a competitor is not your only weapon. All too often, we see business owners at their absolute wits’ end because a rival is undercutting them on price, and they can’t keep up. Trying to compete on cost is a journey to liquidate. If you can compete on price, brilliant.

Sponsored Content


Comments


Log in to comment or register here.

Free, Fast & Easy: A new way to communicate benefits to employees

  We know that as a small business owner, you have your hands full. Aflac has made it easier for you to communicate …
Subscribe

David Leonhardt: SEO Small Business Writer

Meet David Leonhardt, our most recent BizSugar "Contributor of the Week" on Facebook. It's a little recognition we … More
Editor's Picks

Post your small business video to BizSugar today!
Did you know you can now post video on BizSugar?
Have you tried BizSugar's new video posting feature?
It's time to up your game with video on BizSugar!