1. Collaboration with Competitors: Instead of viewing competitors purely as threats, entrepreneurs can explore collaborative opportunities. For instance, joint ventures or strategic alliances can lead to shared resources, new markets, and innovative products that benefit both parties. 2. Employee Incentives: Offering incentive structures such as profit-sharing, stock options, or flexible working conditions can motivate employees while aligning their goals with the company's success. 3. Customer Loyalty Programs: Implementing loyalty programs that reward repeat customers can increase sales while providing added value to the customers.