Some of the most successful business owners today were fortunate to realize early on the importance of monitoring competition. This is very important if you expect to survive in today’s economy and crowded marketplace.
In today's world, you have to constantly re-invent yourself and your business, while at the same time improve upon your products or services. Declining sales and product stagnation occurs when you continue offering the same items year in and year out. Eventually, your competition is going to leave you in the dust.
