Competition

Andrew Carnegie, American businessman and phil...

Andrew Carnegie, American businessman and philanthropist. (Photo credit: Wikipedia)

We’re all too familiar with competition. Competition takes place just about everywhere, surrounding us every day. It takes place in school, at work, at home, when we’re playing recreational sports, and when we’re playing just about any other game. Most of all, it takes place when we’re competing for our survival.

“Darwin saw competition between individuals of a single species. He recognized that within a local population the individual with, for example, the sharper beak, the longer horn, or the brighter feather might have a better chance to survive and reproduce than other individuals.”

“And while the law of competition may be sometimes hard for the individual, it is best for the race, because it ensures the survival of the fittest in every department.”
Andrew Carnegie

In business, worrying about the competition can often do more harm than good. If you’re just focusing on how to outperform the competition, you’re actually giving yourself limitations while also giving the competition the lead. It is so much better to be aware of what the businesses around you are doing while also thinking of your own exceptional solutions for your customers.

Keeping your business at a micro business level can also be beneficial. As a micro business owner with 1 – 10 employees, you can have a wide variety of work you perform, making it extremely hard for big business to have much of an impact on you.

Competition can actually be fun. If you develop smart business strategies and only operate on a small scale, you will be able to adapt or change course much faster and easier than the bigger businesses around you. The key is to constantly improve yourself and your business. When you’re competing with yourself, you’re always improving. If you’re strictly competing with another business, you’ll be satisfied as soon as you’re outperforming them. This will hold you back from improvements as long as you’re in the lead. That can add up to a lot of missed opportunities you would have noticed had you been competing with yourself.

Above all, don’t let your competition bother you too much, and enjoy the day-to-day operations of your business.

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