You should not feel threatened by your competitors. In fact, you should feel exactly the opposite. Your competitors have the power to supply you with extremely valuable information that you can use for the benefit of your business and for your brand.
The analysis of your competitors is critical to your success. You will want to keep in mind that you can learn a lot from your competition and they are an essential part of your professional success. Understanding your competitors’ strengths and weaknesses will help you to understand what you need to do with your own business.
The business world (in most niches) is extraordinarily competitive. The percentage of business people who don’t have competition is unbelievably small. Ironically, many people think that they don’t have competition; however, when they really start to think about it, they realize that they do. So, how do you manage to rise above your competition?