Skip to main content

Competition

  Why not compete?

Competition  is inevitable everywhere , people always want to be part of all the profitable markets , that's the business system. The issue is how do we deal with competition and how do we ensure that our services or products add more value than the others?

I believe when one is faced with competition " Your Why" should direct you and help capture the market. But as you know how black people are, we want to eliminate the competition as soon as we see it, we tend to focus more on the outside factors instead of being strategic and aiming for innovation.

Things in business almost always never go according to plan but one must find ways to stay relevant and to continue with the vision.

Competition is our number one enemy and  this then hinders our progress .
We need to learn that it's an inside out factor not vice versa.

Comments

  1. AnonymousMay 7, 2019 at 5:32 AM

    It is not easy especially in the black society

    ReplyDelete

Post a Comment

Popular posts from this blog

Understanding Financial Reports: A Guide for Business Owners

Financial reporting is a fundamental aspect of any business, large or small. It involves the creation and presentation of financial data that reflects the company's financial health, performance, and economic standing. While many people are familiar with the term “financial statements,” financial reporting encompasses more than just the end-of-year profit and loss figures.  What is Financial Reporting? At its core, financial reporting is the process of compiling and presenting financial data to provide a clear picture of a company’s operations and financial status. It includes a wide range of reports such as balance sheets, income statements, cash flow statements, and more. These reports help business leaders, investors, and other stakeholders make informed decisions about the company’s future. However, it’s important to note that financial reporting isn't just about creating these formal documents. It also involves ongoing tracking and recording of financial transactions to en...
Post a Comment
Read more

Lets get started.

  Getting started again. So since we said we are starting afresh, where do we start exactly? My number one problem and I believe it is for most people is money.  We may have ideas on how to get started but the money we make in business can only cover certain things. What do we need then? More and more money? I don’t think so. We need to establish a relationship with money, we need to understand it and have discipline to keep it, because it is more about keeping it than making it.  But first we need to learn how to make it because we can’t keep what we don’t have.  I have come across a social Media platform where one can connect with other entrepreneurs and market their business. The interesting thing about this platform particularly is that whenever you use it, you get credits points which can be redeemable for Cash. This alone for me is worthy of all our attention. Basically we get paid to be on the platform. But now one can ask what this has to do with busine...
Post a Comment
Read more

Burning Out

  I would like to engage on what I am going through and this is something that I am currently struggling with. This is a big contributor to my tiredness and counter productiveness.   As a young person who is passionate about change and working hard I have a problem of saying yes to every exciting new project, forgetting that I actually have work to do but I always tell myself that I will balance. There is a problem with wanting to be part of every vehicle that is moving in the name of change and business opportunities. I tend to find myself in the cross fire as I am needed to be in many places at once. I would make an example of what happened this weekend. I happen to be part of a board of directors of a certain organisation and we had to meet and perform certain tasks but I had clients I had to attend, this then made me to be 3 hours late for the meeting with the board, imagine an entire director late by 3 hours? This made me incompetent and there was no way I could not att...
Post a Comment
Read more