Shownotes
Competition is part of business, and it’s actually not a bad thing. Why? Well, there’s a couple reasons, actually. First, having competitors in your industry indicates that there are clients out there that need the products or services you provide. Talk about confirmation that YOU are needed! Right? Because somebody wants what you have.
Secondly, competition can also help you to uplevel your services. Think about the education and research you can glean from those that have gone before you in the industry. If you watch and listen closely, you might just be able to avoid the mistakes they've made and recognize the things that have helped propel them to success. Who wouldn’t want to see some examples of industry business failures and successes?
But, despite those good reasons for competition, it’s never a good feeling when you realize that your competitors are making more money than you.
Even worse is that, chances are, it’s something you’re doing wrong. So let’s take a few moments today to discuss the five main reasons why your competitors might be making more than you and what you can do about it.
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