How an entrepreneur reacts under pressure from his competition says a lot about how successful he is going to be in the future. Successful entrepreneurs don’t view competition as an obstacle; they see it as an opportunity to learn new things.
Most of the time, you are your own biggest competition. Healthy rivalry needs to be encouraged as it helps one work smarter with the resources they have. Even if your competition lowers their prices and steals your customers, think of ways on how you can get back in the game stronger than you were the last time around.