Welcome to my podcast! In today's episode, we will be discussing the topic of competition for small businesses. Many new businesses view competition as a negative force that they must overcome in order to succeed. However, I believe that competition is actually a good thing for small businesses. In this episode, I will share with you how I deal with having competition and how it can be used to your advantage.
As a small business owner, you may feel overwhelmed by the presence of competitors in your industry. It's natural to want to stand out and differentiate yourself from others in order to attract customers. But what if instead of viewing competition as something to be feared, we could learn how to use it to our advantage?
So whether you're just starting out or have been running a small business for years, this episode is sure to provide valuable insights into the world of competition. Join me as we explore how competition can be used to drive growth and success for your small business!
I have been running a successful award winning niche manufacturing business here in the UK for the last 20 years, selling around the world. My Podcasts are created to give you an insight into some of the driving forces behind small business in the UK, with an aim to helping you on your business journey.
All opinions are my own. I do not offer financial advice, for that I suggest you consult a professional.
02/19/24 • 21 min
Wayne Talks - Dealing with Competition
Transcript
Hello, this is Wayne from Wayne Talks and today I am going to talk about something that is on the minds of everyone who creates a business. And that is one simple word. The word is competition.
Now, competition is something that can generate so much angst, particularly in new businesses, they look at the business world and think, this is just my business and my business world. And yet there are other people out there who have their own ideas. They're probably working in the same area that
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