Large companies intentionally causing losses to small companies
- Thread starter timewo
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Sometimes it is very difficult for small businesses to cope in an environment where large businesses are situated. This is why it is important as a small business owner you should look for location where competition is not much.
I don't see a lot of large companies doing this to small businesses in my location. Large companies already have many competitive advantages. They don't need to spread fake rumors to hurt small businesses. Spreading fake rumors has legal consequences.
This is a sad thing to happen. As they said, "Business is like a big playground to compete with others." It would be great if the small-scale business was able to compete fair and square, but it does not happen all the time.
I think every business owner has the mindset of making profit and that is what some big companies always do. I always advise small business owners never to set up their business in an area where there is a big business of such.
I heard that a telecoms company bought the sim cards of another telecoms company in that was about to be launched. They bought about a million pieces and burnt them.
That is a brutal business strategy in my own opinion. people that wants to start new businesses should always try as much as possible to be strategical and put a lot of things into consideration.
Though i know for a fact that there are cases like this happening, but then again this is pretty common most times in business competition, even the small ones at times still spread rumors about both small and big companies.
It cannot be denied that there are people who are in business do these things. As a matter of fact, we can call it the dirty way of having the business against others. It is a part of the game in business.
That's true, the level of competition in the business place is very high. Competitors will always do anything possible in order to bring some businesses down.
That is exactly the situation because the bigger companies would not want the smaller companies to strive.
They would capitalize on every loop hole to bring the small business down. It is all part of the business world.. They sponsor all kinds of negative media against each other.
