If you are an entrepreneur you certainly know what that you know the meaning of competition means as it plays a vital role in how companies go about their respective businesses. The way a company that has no competition is usually very different from the way a company that is in a competitive market runs their business.
Many entrepreneurs get scared at the idea of a competition unable to realize the rare developmental opportunities that a great competition could serve them.
The benefits of having a competition cannot be overstated although many people are unable to see they do exist. For those who might not see the benefits of having a competition well here they are.