What can we learn from competition?

More Successful competition demonstrates to us that there is some customer need that they have identified and satisfied better than us. They teach us what to do, what to improve in our business.

The competition which is less successful than us exemplify the approaches that don’t work. They teach us what not to do, what to avoid in our business.

Don’t shun competition. Learn from it. Market is a dynamic place. We can grow if we keep learning and improving.

Author: Sanjay Shah

Sanjay is the author of "Business Management Simplified" which provides Practical, Actionable Solutions for Entrepreneurs. It is an all-in-one guidebook to start, run and grow a small and mid-size business to the next level. He is also an SME Business Coach, Seminar Leader and Motivational/Keynote speaker, Sanjay is based in Mumbai (India). He advises many businesses on Strategy, Leadership, Marketing, Branding, Customer Experience Management and Organization Development. He conducts various self-help seminars and workshops for companies and groups in English, Hindi and Gujarati. For more info, visit : www.SanjayShahSeminar.com

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