Never be intimidated by your competitors.

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Instead of being afraid, be inspired. Allow rivalries to motivate you. Competition is a good sign that you're onto something; it's a preliminary indicator of the viability of your concept. Above all, you ought to take notes from your rivals. Be thankful for your rivals rather than stressing about them. They serve as an indicator that the market you're in is feasible. Additionally, they serve as a framework for learning, teaching you both how to do things correctly and what you could do better.
 
Any business person that allows himself or herself to be intimidated by competition was not really ready for that business. Competition is what would cause the business person to innovate and pursue excellence to win the market.
 
The moment we let the competition scare us, it would be pretty hard to do our best or to even excel. See every competition you come across in your business as a means of growing and a way to show fort your best.
 
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