When you decide to go into business, you no doubt understand there are and will probably always be competitors. Very few people come up with an idea that is unrivaled, so how should you deal with competition in your industry? I believe that we carry our personal beliefs over to our business. If you are an insecure person in life, you’ll be insecure in business and always afraid of the competition. Therefore, my first suggestion is to look within. Just about every industry has competitors and I think you should embrace them.
I’ve hired freelancers who perform the exact same duties as I. They may have the same type of business as well. My reasons for this are two fold:
- I’ve always wanted to help other qualified freelancers work virtually
- I’m confident in the quality of service I provide to my clients and therefore don’t fear or feel the need to smear competitors
Once you develop the self confidence that all entrepreneurs need, you’ll find that embracing the competition is the way to go. I hire and engage regularly with those who are my competitors. There can be an interchange of knowledge and encouragement to keep going in the ever changing world of the virtual worker. So next time someone in your industry or sector catches your eye because they’re a competitor: introduce yourself, embrace them and even offer help, if you have the time. Of course you don’t have to give away all your thoughts and ideas to your competitors. However, take my advice, open up to your competitors. You will be less stressed and may even learn something that helps you in your business.
This is Shilonda Downing, signing out for Virtual Work Team LLC!