If you think that your idea to compete with your competitors despite budget at scarce, you will be wrong. Do not let your pride kill your business because once you run out of capital because you purchase in bulk, you may opt to apply for a bank loan just to save your business. And what if you have less and less sales every day, then you have a bank loan, the more you look like a fool. Behave in the way that neither you or your family will be affected Just wait for the right time your sales boom so that there is additional capital to purchase goods for your business center. Compete only if your business is already big and always having good sales .
Don't compete if you lack capital
- Thread starter Starmix
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- #3
That's right, compete only if your business lacks attention not during the time you're business is full. You'll lose tract or focus. Your mind concentrates only to you competitors who don't even think about you.
Very true, even when you have the funds I won't advise anyone business owner to focus on competing, its best to just focus on building your business and let others try to compete with you.
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- #7
The result will be disgusting if the business owner always thinks about competing with the other business operator who might have the best tactics and target market. He better focus on his own strategy, who knows if it clicks.
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- #11
It's not good to compete but rather make your target market big and realistic. If you compete you'll give your competitors hints, it's better to be yourself. Make your business grow big through your hard work.
Even when you have access to unlimited capital or resources, it's best you just simply focus on your business rather than trying to compete.
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- #15
That makes sense to the business owner if he better focuses on his own business. He needs to understand that each must conquer the customers loyalty.
The funny thing is the amount of energy you would use to focus on others is more than enough to push your business forward.
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- #18
That's right but there are envious people who compete prosper that's because of their capital which is why it's never good to compete without sufficient capital.
