RedFive suggest that you keep your friends close, but recommends; you keep your enemies closer

Oct. 25, 2012 - PRLog -- Redfive acknowledges that in business there are many customers to be won, especially for companies like RedFive who outsource to other companies. With over 20 million small businesses now, and more emerging all the time, that's great news. However, where there are customers, there always will be competition.

RedFive have had some great experiences making friends with the competition. You don't need to divulge company secrets and estimated earnings during these brief outings, but it's always good to get a beat on what's happening in your particular industry. And who better to get this from than from a like-minded business? Who knows, a casual conversation with the competition might help the both of you learn something that benefits your respective businesses, and the industry in which you both work.

RedFive advises that it is good practice to be friendly toward competitors, and it's not because it's important to be thought of as "nice" or to avoid conflict. It's simply good business. In fact, their experience in befriending the competition has helped grow their business.

Redfive is not suggesting that you don't feel competitive with other companies in our space; and fully admit that everyone has at least one healthy competitor, or more. Keeping tabs on "the other guy" and trying to out-perform someone else helps keep us alive and striving for more. But there's nothing wrong with sharing a war story or two to open the lines of communication. You may find one day that you need a competitor for one reason or another, and picking up the phone could get you the answers you need.

RedFive understands that in any good relationship, what goes around comes around. Their theory on friendliness extends to ways in which they can help their competitors as well, for RedFive it is just good business sense, to ensure you have great communication with all facets of business, especially others who liaise with your clients and customers. For RedFive everyone is on your team, who knows what could develop over time.And if it does, you might find you have the opportunity to grow your business in more ways than you've ever thought.