Engaging yourself in competition can be very effective and beneficial to you but only if the competition is healthy competition therefore you should make sure that any competition you get involved in is healthy rivalry.
Allow yourself the freedom
Before you compete in anything, you first have to make sure that you do something that you love. For example, if you want to start competing with reliable scrap metal dealers then even though other people may think the idea is not a good one, you should still do it if you think the idea is a good one. You should give yourself the freedom to try the things that you are interested in because only when you do something that you are interested in will you be able to do it well.
Scope out the competition
When you are competing with other people or businesses, you should make sure that you scope out the competition. Scoping out the competition allows you the chance to know how well your competitor is doing which would enable you to know whether or not you have to improve your ‘game’. If you do think that your competitor is doing better than you, then this will give you the drive to improve your ideas. You can do this by visiting scrap yards, reading books or talking to people with experience as this would enable you the opportunity to try and gain the elements needed to improve your ideas. Link here http://www.unitedmetalrecyclers.com.au/about.html for more ideas about this scrap yards.
Although it is beneficial to know what you have to go up against, you should never try and steal ideas from your competitors. If you think your opponents idea is better than yours, instead of trying to steal your opponents idea you should instead work to make your own idea better.
Competing with yourself
Although competition is healthy, too much of it can be detrimental. It is vital that you know that although competing with others is important, the only person that you should be competing with is yourself. Competing with yourself allows you to push yourself within your limits. It also enables you to view the progress that you have made from when you first started the task.
When competing, if you lose you should not let losing force you to quit. Instead when you lose, you should try and use the loss as incentive to do better the next time. It is important that you know that losing does not make you a failure. Instead you should try and learn from you mistakes so that you do not fail then next time around.