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10 Steps to Take You From Perspiration to Inspiration
Are you running on life’s treadmill with the speed setting turned up a little too high? Does everything feel like a struggle? Why not use inspiration to create energy that propels you up and over life’s inevitable speed bumps? Here are ten steps to...
An Interview with Ross Rayburn for BFUniv.org
We are proud to present this recent interview of Ross Rayburn, the creator of the course B501 "Start Your Business Right!" The interview is by the Rector of Bastiat Free University. Ross Rayburn had a distinguished prior career in sales, in sales...
Building A Business That Works For You
Before you want to build your business , you need to know why you are in this business. Many of us entered business as a technician. You know the technical nature of this business; you do it everyday; over and over again. The question is: How can...
They Found a Fortune on the Internet
It's exciting when people burdened with debt find a solution.
Bill and Shona (real names changed for privacy) were up to their
ears in financial problems when they decided on an unusual
strategy. They would give each other $100 to find a...
WHY REINVENT THE WHEEL?
Have you ever read one of those personality profile books? They often say that some people have great amounts of inspiration and are "big picture" people. They also say that some have the inborn ability to be able to keep up with details. Not...
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Ethical Competition with Grace and Good Sense
Using Grace and Good Sense for Ethical Competition
While all companies have the right to do business; this does frequently present a question with regards to ethical behavior when it comes to competition.
How much should you trust the "other" guy? How much should you tell the "big" guy? How far apart should you really set yourself?
Sure, you can always answer the questions of your competitors, but how much information is enough, and how much is too much? There is a difference between working with integrity, and simply handing all of your “secrets” over to the competition.
These are things you will need to ask yourself every time another competing businessperson or person in a similar industry approaches you with questions with regards to your services, rates, and other business-related information. How much should your competition really know about you?
There are some points that you can politely and professionally decline to give away, but you must have enough integrity to not seek the same information from the competitor to whom you have previously denied your own information. These points include:
Your rates - how you develop your rates is your business, and allowing the competition to know how to calculate rates will lose you an important advantage.
Where you get your sales - you have worked hard to develop your customer base. You needn’t provide your competitors a free ride.
Try to maintain an understanding with your competition that neither you, nor they will badmouth each other, should a customer "switch sides." You can establish this policy by simply creating an example.
Make
certain that your competition does not ask your friends and associates who your customer are, so that they can hone in on your existing business.
While making sure that you’re not being copied, you should also be original and join your own committees that you feel will be beneficial to you. You want to develop your own purposes and interests, not those of your competitor.
Make certain that other companies do not take your slogan and modify it slightly for their own use - and don’t do this yourself. At most, use other slogans for inspiration.
Watch the copyright on your ads. Your ads should not be copied close to word-for-word, and you should not copy the ads of others'.
Don't feel the need to associate with the competition after meetings. Your competition may simply be honing in on your sales opportunities. Work the room equally, so that nobody is taking advantage of your friendliness.
While you don't need to take the attitude that the business world is a war ground, you should also make certain that nobody is taking advantage of your knowledge, integrity and hard work. Remember that it is a small world. We are all judged on the way in which we speak about others, how we compete, and our feelings towards others. Be professional and work with grace at all times, and you will never need to concern yourself with ethics in your business.
About the Author
******************** Copyright 2004 Kate Smalley, President Connecticut Secretary Specializing in Transcription and Freelance Secretarial Services http://www.connecticutsecretary.com kms@connecticutsecretary.com ********************
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