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Aayush Jindal
Work hard and consis... • 1y
The number of startups and businesses emerging in the Indian market has been steadily increasing over the past few years. However, a significant portion of these new ventures struggle to survive due to intense competition from established brands within their sectors, often collapsing within their first year. Many businesses that do manage to persist are forced to limit their profit margins due to price competition. Competing solely on price is not sustainable. Therefore, it is crucial to introduce differentiation and innovation in either the execution process or the product offered to customers to achieve profitability and maintain relevance in this competitive market. Do you guys agree on this ? Add on more of your thoughts 😀
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