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How do You Respond to Business Competitors Threats?
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[QUOTE="arunima25, post: 243097, member: 30475"] There is always two sides of a coin and two ways to look at any situation in the life. You can take it negatively or have a positive outlook about the same. Negative outlook solves nothing. It will instead drain off all your energy and hamper your own growth. And that would not be good for your business. So, it's always wise and advisable to have a positive outlook and handle things with all positivity. You have mentioned all valid points in the post to handle your business competition and competitors. And the most important thing is to handle them appropriately. They are trying to provoke you and if they succeed to do so, they have an edge. If you overreact to the allegations or rumors and negative marketing, you end up validating their accusations. And they get more opportunities to defame and malign your business. So, stay composed and handle it well. Give utmost importance to customer service and care.If your customers are happy, your business will flourish. No amount of rumors and negative marketing will help. In fact it would slowly backfire on them. So, focus more on your business and it's improvement than the competition. It's a positive thing that you have a competition. That means that you are doing good. Having a competition will keep you on your best foot trying hard to improve and stay in competition. A monopoly in the market is not good in long run either for the business owner or for the consumers. You need a saturation point and boredom. [/QUOTE]
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How do You Respond to Business Competitors Threats?
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