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How to survive the competition in business
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[QUOTE="Shaf, post: 284685, member: 25467"] One lesson I've learnt about dealing with competition is that you need to take an active role in it. Some people don't take the competition seriously until they are forced to do so. Some of your competition may even use underhanded measures to put you out of the market and if you are not prepared, it can be bad for you. Sometimes, the competition can be of help too, especially if it's an industry that has challenges with the government, the community or regulatory agencies. Teaming up in such cases would help you instead of being against each other. You should also also make sure not to repeat the mistakes of the competition, especially if customers are already fed up. If such a situation is inevitable, like pricing, you can choose to make a different product or use smaller packaging with good quality. [/QUOTE]
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