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Establishing a company comes with a wide range of challenges. One challenge, competition, or the pressure to stand out in a crowded market can either make or break your business. However, competition within an industry does hold value because it pushes you to improve business practices and sharpen your service offering to deliver a product that builds a strong brand.
Businesses can also take courage from regulatory agencies such as the Federal Trade Commission that are in place to regulate the marketplace and encourage a free market economy.
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