Week 4
This week in entrepreneurship I learned about competition and how it can actually be a good thing. At first at more of the start of the year, I thought competition would only make it harder for businesses to succeed. However, especially this week, we discussed how competition pushes businesses to improve their products, services, and customer experience. It also gives customers more choices, which forces companies to stand out. I learned that instead of fearing competitors, entrepreneurs should study them and learn from what they do well and what they do not. This helped me see that competition can motivate growth and innovation rather than just create challenges.