Is competition good for small businesses?
Many people when running a business think it's a good idea to try and avoid competition within the market. Now everyone has their own opinion, it really depends on the type of business you are running and the people that you work with. It doesn't work for everyone. BUT here are a few reasons why a bit of market competition is good for a small business. 1. Competition gives you time to improve your customer service When your business is booming in sales and in profits, there simply isn't enough time to evaluate every customer but when there’s market competition, you’ll [...]