5 Ways to Prepare Your Business for a Price War | Luke Roxas

Most of us have battled with our minds on whether to hunt for a corporate job or invest in a business. Of course, each has its pros and cons. Having a corporate job involves a constant source of income, which can never be a bad thing. But running your own business, if handled well, can generate a lot more revenue. Because of this, a multitude of people dream to become a successful entrepreneur someday.

The wholesale fulfillment of such a common dream would result to mass conversion of rural areas to commercialized ones for entrepreneurs tend to head off to rural areas to establish their business. If this becomes a reality, how can entrepreneurs deal with the competition surrounding them? Every single factor should be carefully considered. The growing number of competitors. The variety of products/services made available to the market. The organization of prices and promos. Everything.

via lukeroxas.org