Thank you for having 4 minutes to explore life – useful lessons. Read and breathe slowly.
Thinking about competitors can make a lot headache for some business owners or leading managers. Businesses which are focused on competition are always in struggle. They have trouble to reach business, and financial goals and the level of stress is an obvious problem for employees at all levels. It is an unproductive obsession being focused on competition. Running a business and being concentrated on every move of your competition makes only your competitor better.
To treat a “ headache” caused by too much focus on competition try to follow these seven principles and set yourself and the business on the right course.
Define your business values, vision and driving force
Being a business owner or leading manager is a great responsibility. You got to know what are your values, what’s your vision and driving force because it is crucial for setting successful long-term business. However, it is not a fancy dress you show up to the public. Like you would define values for yourself, the same is with companies. Business values represent real qualities of your business, relationship with customers, employees, business partners, basically they show your business integrity. Every business is made to serve others and defining these elements makes your business unique on the market.
Be teachable – explore
The best thing you can do as a business owner is to learn about new models, explore other branches, and cultures. It will help your business to be more flexible because it will teach you to recognize new opportunities or changes on the market. Company’s management has to be open-minded and flexible to build a sustainable business.
Get to know your competition
Of course, in building the successful business, you do not forget completely about competition. Yes, you need to get to know your competition, but with the focus on their values, vision, how they treat their employees and customers, what they are passioned about, and so forth on. This information will help you set your own strategy better. However, you do not set main focus on your competition. In nowadays business managers are fighting with the competition with a price of service or products. That is the certain way to have a long-term headache and decrease the value of the business.
How do you want your customers to feel
The most valuable thing you can think on an everyday basis and be obsessed with is to think how can your business, service or product impress your customers, how can you make them feel. If you focus and set corporate values in that direction, you will never get worried about competition or market changes because you will always do the right thing.
Coach yourself and employees
You can have great vision and follow all above principles and still not use your full potential of the business. For making the best of yourself and the business, you need to implement self-development tools into your everyday business. Your human resource department and management need to be an example of sharing the best of themselves and teaching employees how they can become the best version of themselves and achieve full potential. Those are the qualities of great leaders. There are many coaching programs to help you and your business to achieve full potential, so be willing to think and invest differently
You can control only yourself
No matter what competition does, and what market changes occur, your only control is inside of your business. So, don’t fall into the trap of making excuses how the economy is bad or how competitors have lower prices or customers will not buy because it will not help finding the solution. These are all situations out of your control. If you control your inside processes and follow the success principles above, nothing from outside will jeopardize your business.
Run “Forest,” Run!
Your safe side is in moving forward, not standing still or looking back at your competition. It is not a rocket science; it is common sense. Do complicate, RUN!
What can you do next?
1. Be AWARE of your values.
2. Read more about simple business rules for success.
3. JOIN the FREE online event to see how to grow your business.
4 SEE the message FOR YOU.
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Enjoy the day!
Personal mission: BE human, BE real, BE great.
Business mission: Change the world for the better by helping others to achieve success.