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Why do businesses find it so difficult to stay at the top?
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[QUOTE="Holicent, post: 266913, member: 76163"] [FONT=Verdana]Businesses find it so difficult to stay at the top. It's not because they are bad at what they do, or that they don't have a good idea for improvement. It's because there are so many competitors in their industry that any improvement is incremental and, as a result, easy for competitors to copy. The only way to stay ahead is by making your product better than your competitors' products - but this requires more time and money than most businesses can afford. This means that most people who start businesses end up selling their business within three years of starting it. As I've said above, this is mostly due to the fact that most small businesses focus on building their brand rather than on improving the product itself. They may focus on hiring good people and creating a great place of work - but they tend to do this too late in their lifecycle (by which time it is too late).[/FONT] [/QUOTE]
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Why do businesses find it so difficult to stay at the top?
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