It is unfortunate when small businesses close their doors due to increased competition from large brands. The bargaining power of large companies means that they can keep their costs low by negotiating better deals on leases, taxes, goods, and services. The bottom line is that their dollars go further than yours, which in turn, means they can offer better price points or … [Read more...]
Sales Best Practices: How To Handle Your Competition
Competition is one of the most challenging obstacles any business has to overcome. According to McKinsey & Company, 85% of business executives believe their industry is more competitive than it was five years ago, while research from 24/7 Inc. shows that 79% of customers are willing to try a competitor within one week of experiencing poor customer service. So what are … [Read more...]
How to Learn From Your Small Business Competition
No matter how big of a business you run, there is no end to learning new things. While well-established and stable organizations are your much-loved source of inspiration and guidance, you often forget the worth of small scale businesses in the industry. You, as a businessperson, should be aware of how your competitors, big or small, are marketing and selling their products … [Read more...]
Get Serious About Winning
In my last post I discussed how women need to compete in the workplace in order to push past the almost invisible barriers that seem to exist. Having a competitive attitude is definitely the first step in winning because it says “I’m here and I’m ready to play”. It puts you at the starting block and gives you an understanding that yes you are in a competition for your job, for … [Read more...]
Time For Women to Compete
Seventy years have passed since women left the confines of being homemakers and joined the work force en mass. Today, in 2012, there are only 12 Fortune 500 companies are led by women CEO's. Perhaps it is time for another surge, time for women to take things to the next level by doing something that comes naturally to our male counterparts - compete. That is right Ladies. … [Read more...]