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In business, competition is healthy, but it is only healthy if you undoubtedly understand that which you are competing against, and a lot of business owners have things i refer to as misplaced goals, a phrase commonly used in parenting. In business, this misplaced goal is in thinking whatever you desire is your competition, it really is really something very different. For instance, in business coaching, we work with companies who might feel a certain industry could be the competition, when the real competition is not your handmade jewelry or service of that company, nonetheless ability to publicize themselves.

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For large corporations, global domination becomes the goalpost to defining what winning looks comparable to. Sony, Hewlett Packard, AT&Tthe list continues on of businesses that are the world’s Fortune 500. But what does winning look like to you? Turning out to be staying alive in a stressed marketplace? Is it beating out your competition in promos? Is it being able to explode three months from your company and know it’s in order to be run smoothly in your absence? Exactly what is the win? You will have an regarding what the “win” is, or you’ll constantly be chasing it, rather than experiencing getting this done.

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