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It never hurts to listen to what the competitors are saying, as they often may know of things going on in your industry, that you don’t know about.
Having said the above, make sure that you don’t divulge to much about your business e.g. if you have a proven way that you attract customers, there is no need to tell your competitor this.
Also never discuss specific customer details or price fixing.
Shane Holbeck – Accountix