Don't compete if you lack capital

[Starmix]

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 .

 

[nomad]

Market is very big and it can accommodate a lot of things, there is no need to compete even when you have capital. If you do not believe this, just look into the smartphone market.

 

[Starmix]

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.

 

[eldavis]

Instead of putting all your focus and energy in trying to compete with others in the same field as you, it would be best you just focus on your business so as not to get distracted.

 

[Starmix]

The business owner focused on his business rather than competing. If he thinks he lacks funds, he better try his best to have good sales so that he can have additional capital .

 

[eldavis]

The business owner focused on his business rather than competing. If he thinks he lacks funds, he better try his best to have good sales so that he can have additional capital .

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.

 

[Starmix]

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.

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.

 

[SHAHID987]

Yes, this is fact that if we don't have required capital then we must not enter in the competition. Because by doing this we will hurt our business and satisfy our ego

 

[Starmix]

If we focus on that there's no good result. The impact will be losing sales and concentration. The more you'll get tense concentrating on what your competitor has which you cannot match with your own.

 

[timewo]

I have realized that I cannot compete with others in bribing officials, though I alone pay all the domain, webhosting expenses . So now I am reducing the domain expenses to some extent.

 

[Starmix]

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.

 

[Fidelia]

I don't believe in unnecessary confrontational competition in business. Just genuinely seek to improve your business and you would gain market instead of consciously trying to compete.

 

[Starmix]

it is a shame on the part of the business person who aspires to compete with another whose capital is unlimited.

 

[eldavis]

it is a shame on the part of the business person who aspires to compete with another whose capital is unlimited.

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.

 

[Starmix]

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.

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.