Don't bother doing something unless you're radically different from the competition.
Seek out strategic alliances; they are essential to growth and provide resistance to bigger competition.
Like getting into a bleeding competition with a blood bank.
If you are a new startup company, try not to arouse the interest or suspicion of your competition; especially if they are a bigger company. They can crush you while you are still in your startup phase. Lie low while still strengthening your bottom line.
Take the competition seriously, but not yourself.
I am no stranger to healthy competition-wor king hard and playing hard
Focus on your business strengths and keep its weaknesses away from the competition or public.
To be a real entrepreneur you always have to be looking forward. The moment you rest on your laurels is the moment your competition overtakes you.
Screw the competition - focus on good customer service.