Some people welcome competition and see it as an opportunity to improve their business. Others put on blinders, ignore the competition and are happy to run their business as usual. There are a few ways to learn about what works and doesn’t work for your competitors so you can create a business that’s all your own.

• Research your competition honestly. Never mislead competitors by pretending to be a client. Instead, set up a Google alert with your competitor’s name in quotes. Each time they’re in the news, you’ll receive an e-mail alert. Check out their Web site to learn more about their products, services and business philosophy.

• Introduce yourself to your competitors. Savvy business people know that there’s enough business for everyone. If a competitor is up to his or her eyeballs in clients, they may send a few clients your way. [Read more...]