Thursday, June 18, 2009

Careful Planning

I was watching a local morning show one morning and they have a segment where they discuss about business. The topic for that today was about business competitions and how to handle it. Since I’m an owner of a small business, I was naturally become interested in watching and listening to the guest expert.

One tip that he has shared was to know your competititor’s business plan and tactic by carefully watching what they have been offering to their own customers. In this way, you will not be left behind. There’s no wonder when a certain company marks down a price, the others will follow and this is good for us consumers. Aside from that business owners should have business insurance just in case it will fail. I guess big companies have such.

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