How to handle small business competition

Last week while sitting in a coffee shop, I picked up a new magazine being published in the local market. In the editor’s column, he made the claim that because his magazine had a different blend of editorial content, he had no competition.

Then I realized how often I hear that phrase from small business owners — “we have no competition.”

This is one of the most damaging, dangerous beliefs that a small business owner can hold on to. …

Originally Published by Canadian Immigrant Magazine on May 29, 2008