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Spotting and managing the competition that your business has to face

Starting a new business can be a very difficult endeavour. You need to have the entire thing planned beforehand. You need to have a solid business plan. You need to have a solid innovative idea but most importantly, you need to be able to take risks and deal with the competition that will occur in the future.

Competition is always the highest risk

A very common mistake that many business owners make is the fact that, they will usually focus on the risks they will have to take and they completely forget about competition. One of the main reasons as to why some companies do not succeed is because of the fact that, the competition is quite strong. When the time comes for them to actually face that competition they are not prepared and therefore are not able to deal with the problem in front of them.

Spotting and planning ahead in order to manage the competition that your company will evidently have to face must be a number one priority for every business owner. Luckily for business owners, studies have already been conducted in the fields. Studies that are able to create the basic idea behind the competition and develop tools that can be used in order to properly organize a plan that will allow companies to deal with that competition.

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Katerina Pouspourika SEO Expert / Copywriter

Katerina has a BA in French Language and Litterature. She also hold various degrees in English, German, Chinese and Russian. She has been working as a translator and a copywriter for over 6 years and has acquired excelent marketing skills through professional experience. Her expertise involve SEO , Social Media Marketing and copywriting. She is currenctly working as a writer/ SEO expert.

Spotting and managing the competition that your business has to face

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