Does Competition Really Matter?

27/12/2021 31 min Episodio 147
Does Competition Really Matter?

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Episode Synopsis


How many times has your competition kept you up at night? A new feature here, seed funding there, maybe you’ve even lost a customer or two – but how much of a threat are they, really? In today’s Startup Therapy Podcast, Wil and Ryan share examples of competitor flops, why you should be thankful if your niche has competitors, and why you need to stop being so distracted by what other businesses are doing & focus on making your current customers even happier to work with you,Sign up for the Startups Newsletterhttps://www.startups.com/newsletterResources:Startup Therapy Podcast https://www.startups.com/beginJoin our Network of Top Founders Send an email to [email protected] What to Listen For00:00 - How much of a threat is competition, really?05:31 - Fear causes us to assume the worst, but the worst almost never happens16:12 - The Fountain & Zenefits examples & why competitor’s time and investment never guarantees competitor success21:54 - Competition is actually a great sign to start a healthy business & improving upon what exists already is the easiest way to succeed26:24 - Stop being distracted by competitors & focus on serving your customers