Monday 25 July 2011

Be Your Business Competitor

Be Your Business Competitor
Change is the only thing that is constant in the business world and like a good farmer will always take care of his farm, you must always take care or your business so that the weed of competitions will not choke it.
A good business man must not be complacent with his business. Like a farmer will visit his farm regularly, he must also work on his business regularly to know the state of the health of the business whether his business is still 21st century compliant.
The case of Apple and Nokia is still very fresh in our mind. Few months ago, Nokia was the leader in smart phone production and suddenly Apple computer leapfrog over them with the production of iphones .
A lot of your competitors are not sleeping, like weed; they are growing to take over your farm (Business). They are working hard to copy and modify your business and offer it to the market with better features easier to use and at a more competitive price.
Change is a constant and ongoing phenomenon in business world and you must be ready to embrace change at a drop of hat. Once what you are doing is working, it is high time to look forward to what to do to improve your own product. If you want to remain in business for a very long time, you must be ready to compete with your own products. Don’t wait until your competitor will come up with a better product before you start to do something about yours.
The constant question that must be on your lips about your business is-What next can we do to improve this product or service. What is the best way we can promote this product? - What is the best way we can serve our customer? - What could be Version 9.0 of this product?
Changes is being driven by explosion in information and technology a businessman that want to be successful in today’s global world must be ready to flow with the trend or he will be left behind .
The best and the fastest way to key abreast of what is happening in the business world is to engage the service of a business coach who will make sure that your business is window 10 compliant!
Tony Egba (CeO)
Tropical Entrepreneurship Development Centre. (TEDC)

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