If you don’t have a competitive advantage, don’t compete. Jack Welch

Being successful in business these days is all about having a competitive advantage. That’s why you need to ask yourself, “What can I do that my competition can’t?”

There are a lot of things that can give you an edge over the competition, but the most important one is your ability to innovate. If you can come up with new products or services that your competition can’t match, you’ll be able to charge higher prices and win more customers.

Another important thing to keep in mind is your ability to execute. You need to be able to take your ideas and turn them into reality, quickly and efficiently. So make sure you have the right team in place and the necessary resources to get the job done.

If you can’t answer those questions, then it’s time to rethink your strategy. Don’t compete if you don’t have a competitive advantage–it’s that simple.

What about you? Do you leverage on an advantage when you compete?

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