Mistakes that Entrepreneurs Make during Recession
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Recognizing Increased Competition
Mistakes that Entrepreneurs Make during Recession
During recession, competition increases as more businesses are chasing the less demand of the market. Also, during recession, the unemployment grows and people tend towards creating their own small business to cater their living thus further increasing the competition in the market. So, the need to have a competitive advantage is even more important in a recession than in a booming economy.

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