Why Competition is the Life of the Trade
Competition is a source of great annoyance and trouble to the average businessman, notwithstanding the fact that almost every experienced man has more or less frequently felt the advantages derivable from contact with brisk, honorable and intelligent competition. No one man knows it all, but what he does know, combined with what is known by others, would make him wise indeed.
The most fruitful and brilliant thoughts have been thought out through a determination to meet sharp competition, without which there would very soon be a perceptible change in the affairs of the average businessman. For no matter how grasping his nature, or how great his ambition to be rich, it is not within his nature to show the same determination without competition, as one realizing the importance of winning the great race for business supremacy.
The average businessman who has won success against competition does not realize its importance. At least he seldom gives do credit to the results of competition. In other words, he fails to realize the grand difference between his present condition and what it would have been had he alone controlled the business. Therefore the old saying, “competition is the life of trade,” is a true one.
Sharp competition never fails to bring about a certain feeling of jealousy and enviousness in the minds of those who are unable to “keep up with the precession”.
One of the most convincing proofs to me that I am succeeding well, is to know that while I have made numerous friends, I nevertheless have many enemies.
It is always a good sign to learn that your so-called competitors and all their relatives are mad at you.
Whenever I hear a man who has no enemies, I set him down as somewhat of a hypocrite and a man of no great strength of character. This is always my first impression of such a man, and seldom, if ever, have I found I was in error, when a closer acquaintance followed.
Uncle J.P. can definitely be said to be old-school. As such he is very much into the character building effects of competition. He says that it is never the case that a great idea was created or a great business was crafted that did not involve a competitive spirit of some kind.
He says that you should be thankful of your competitors because they keep you honest and they provide the incentive to get you to work harder every day. He says that it is also the case that you will never be able to figure out all things on your own, and that by keeping an eye on your competitors and discovering what they are doing, you can discover better ways to do your business as well.
Finally he goes on to tell us that he does not trust anyone who says that they have no enemies whatsoever. He believes that competitors are truly an indicator of character and personal productivity. He says that having others mad at you is a sure indication that you are doing something well in your business, and that he would not trust any man that says that he does not have any enemies whatsoever. In his opinion, he says that it has always been the case that such men, men that say that they have no enemies in their business endeavors, tend to be hypocrites and quite likely have weak characters. As I said uncle J.P. is old-school and he is firmly under the impression that competition makes for better business.