Reflection: Choosing a Business

 

This week I have learned a great deal and out of the things that i learned, a few things stood out to me which I would like to jot down as a way of preservation for the shortest pencil is better than the longest memory.

I have learned that little or no competition is a big room for a business to explore with little finances.

As little competition will not make a business spend much on Ad promotions. 

I also learned that there is no growth in the comfort zone, and so no competition can also make a business not explore their greatest potentials. It will make them feel comfortable and there would not be much earnings or growth. Competition stretches a business to think out of the box, and be more creative and innovative.

Hence, it is better to spend a few or more money for promotions and Ads than settling for less.