Compare our business achievements with our competitors

[zihadhasan010]

One way to motivate ourselves is to compare our business achievements with our competitors .

What happens if we can't compete with our competitors?

Our market share is shrinking?
Customers robbed?
Is the gap getting wider?
I'm not saying we should be envious or jealous of others, but japan phone data when we see others succeed, we feel like we want to try harder to reach the same level or higher than them.

We can learn from the strategies or techniques they use, to attract customers or increase sales.

We can also take on the challenges that exist in our industry, to compete healthily with our competitors.

This way, we can get feedback and new ideas to improve our business.

#3. Pressure can come from cashflow
Maybe in terms of sales decreasing, profits dwindling, reserves decreasing, currency depreciation, products not selling, stocks not running out, prices of goods increasing, inflation.

Cashflow is the flow of money in and out of our business.

Cashflow is important to ensure that our business operates smoothly, and is able to pay all costs and debts.

If our cash flow is positive, it means that there is more money coming in than going out, and our business is healthy and stable.
If our cash flow is negative, meaning that more money is going out than coming in, our business is in danger and at risk of going out of business.
So, to avoid delaying business work, we need to make sure our cashflow is positive or at least balanced.

We need to take good care of our financial management, save money, reduce debt and increase income.