Most small business owners face incredible competition. Everyone is competing for a share of the market, and once they have it, they compete to expand that share. Yes, friends, it’s no secret that the world of business can be cutthroat. It’s not for the faint of heart. To succeed, you must have a competitive drive and the determination to push through even the most difficult circumstances. With so much on the line, it can be tempting to try to reduce prices. However, this could be a dangerous game. Today’s entry is going to explore why small businesses should avoid price wars. Follow Along With The Financially Simple Podcast! This week on the Financially Simple Experience: Teen Wolf, Sears and Roebuck, and competing with prices What price wars are and why they should be avoided How engaging in price wars can reduce quality control Why price wars and eliminating competitors […]
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