Managing Your Small Business Competition
Thursday, October 6th, 2005I heard an interesting story the other day. Here in the town where we live there are a lot of real estate agents. It’s a boom town so the real estate industry is expanding.
One of the mid-sized agencies sacked three sales people on the spot the other day because the owner of the agency had heard that the three people he fired were planning on opening their own agency in a few weeks to a month’s time.
Is that how you would handle your competition? Would you alienate them like that?
Or would you stay friendly and even supportive?
A very street-wise fellow that we once knew told us that it was wise to keep your friends close and your enemies even closer.
I wonder what you gain by making enemies of your competition?
