Starting A Business And Dealing With Competition

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Date: November 23, 2009, 01:46 AM
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Author Topic: Starting A Business And Dealing With Competition  (Read 82 views)
laan5226
Starting A Business And Dealing With Competition
« on: November 03, 2009, 11:30 PM »

Hi, i want to start a business but my competitors are much more financed than i am. They have all these fancy looking websites and lots of free offers that will surely attract clients. My edge over them is that i have been coached by most of them and from my experience and personal knowledge i am now able to provide much more qualitative services than they do. But the problem is, how do clients know mine is better? They will always go for the big shots who provide fancy free stuff that will do the clients no good. I cant afford to compete with them, and nobody will believe i offer better services than they do. Can anybody advice me?
vire (m)
Re: Starting A Business And Dealing With Competition
« #1 on: November 04, 2009, 12:03 AM »

my advice is this, dont do d bizness since u just failed in bizness cos u used d word can't, d battle field is your mind, if u cant win there then its no use Shocked
laan5226
Re: Starting A Business And Dealing With Competition
« #2 on: November 04, 2009, 12:27 AM »

Thanks but what im really looking for is someone whos been through my situation to advice me on how to deal with the situation and get through it.
hothead (m)
Re: Starting A Business And Dealing With Competition
« #3 on: November 04, 2009, 01:31 AM »

What you need now is GOD, strategy and character! If you have those then you should be fine.
Yoighaman (m)
Re: Starting A Business And Dealing With Competition
« #4 on: November 04, 2009, 09:44 AM »

The best is always yet to come.

The fastest men on earth yrs ago (Carl Lewis, Mike Johnson, Maurice Green e.t.c) are not the fastest today-Usain bolt.

The biggest companies of yesteryears are no longer the biggest today.

Microsoft was launched after big names such as IBM

Facebook was launched after other big names such as Myspace, Hi5

Back home-The new generation banks (Access, GTBank e.t.c) dared to challenge the Big banks- First, Union, UBA e.t.c. Standard Trust Bank (STB) even acquired UBA!

Tantalizers, TFC & co dared Mr. Biggs with all the  pool of UAC funds

D'banj was roaming the streets of Uk when Tuface was da bomb in NIgeria; he came back home to challenge Tuface; Banky W, Wande coal, e.tc are all challengin d status quo

To be the best, u need the guts to challenge the best

Since uv already identied your strength, build on it. do your SWOT (Strenghts, Weaknesses,Opportunities, & Threats) and unto thyself be true.

My sure advice to take on your big competitors is: THE STRENGTH OF BEING SMALL i.e. u can identify your customers on a name-by-name basis and can deal wit them one-on-one.

Big companies appraoch is a one-size-fits-all.

Customers like a personal touch; give them a call regularly, attend their functions, share their joyous moments, send personalized e-mails to them, give them excellent tailor-made services, listen to their complains and give a timely, sincere and intelligent response, make them your best friends and before u realize it, u r taking on d big guys.

What u have on d inside is what reflects on d outside; believe u can and then u can.

I wish u best of luck.




laan5226
Re: Starting A Business And Dealing With Competition
« #5 on: November 04, 2009, 01:48 PM »

Quote from: Yoighaman on November 04, 2009, 09:44 AM
The best is always yet to come.

The fastest men on earth yrs ago (Carl Lewis, Mike Johnson, Maurice Green e.t.c) are not the fastest today-Usain bolt.

The biggest companies of yesteryears are no longer the biggest today.

Microsoft was launched after big names such as IBM

Facebook was launched after other big names such as Myspace, Hi5

Back home-The new generation banks (Access, GTBank e.t.c) dared to challenge the Big banks- First, Union, UBA e.t.c. Standard Trust Bank (STB) even acquired UBA!

Tantalizers, TFC & co dared Mr. Biggs with all the  pool of UAC funds

D'banj was roaming the streets of Uk when Tuface was da bomb in NIgeria; he came back home to challenge Tuface; Banky W, Wande coal, e.tc are all challengin d status quo

To be the best, u need the guts to challenge the best

Since uv already identied your strength, build on it. do your SWOT (Strenghts, Weaknesses,Opportunities, & Threats) and unto thyself be true.

My sure advice to take on your big competitors is: THE STRENGTH OF BEING SMALL i.e. u can identify your customers on a name-by-name basis and can deal wit them one-on-one.

Big companies appraoch is a one-size-fits-all.

Customers like a personal touch; give them a call regularly, attend their functions, share their joyous moments, send personalized e-mails to them, give them excellent tailor-made services, listen to their complains and give a timely, sincere and intelligent response, make them your best friends and before u realize it, u r taking on d big guys.

What u have on d inside is what reflects on d outside; believe u can and then u can.

I wish u best of luck.





Quote from: hothead on November 04, 2009, 01:31 AM
What you need now is GOD, strategy and character! If you have those then you should be fine.

Thanks a lot, i really appreciate it. Now im already feeling motivated. I will give it my best shot. Thanks a bunch!!! Wink
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