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Business strategy
Tricks on tackling business competitions
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[QUOTE="Shaf, post: 278886, member: 25467"] Instead of fighting your competition, you can actually use them to boost your business. By carefully observing what they do, you can pick up tricks to boost your productivity, source for cheaper raw materials and services, get known amongst your customers and many more. Infact, your competition could refer their customers to you if they are not able to satisfy their needs as long as you have a good relationship with them. Having competition keeps you on your toes too, which is good for small business owners especially if you are self employed. You know that you will lose customers if you behave badly or you produce substandard products, hence you work hard to always be the best choice. Working together with competition will also help when it comes to legal issues and government policies that affect your business. Speaking as a group gives you more power and leverage to seek what is best for your niche. [/QUOTE]
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