fightings
 fightings

fightings

trying to figure out
 trying to figure out

trying to figure out

firstly
firstly

firstly

figures
figures

figures

figuratively
figuratively

figuratively

tur
tur

tur

yours
yours

yours

ons
ons

ons

toure
toure

toure

carefully
carefully

carefully

๐Ÿ”ฅ | Latest

Memes, Target, and True: You can have all the degrees in the world but if you don't have a hustlers mentality, ambition, and Common Sense you'll be lost I find that business owners often wish that they had no competition. . Businesses usually are thinking that with no competition, the entire market for their product or service will be theirs. I donโ€™t think that is the case โ€“ especially for newstartups that have truly innovative products and services. . Hereโ€™s why: Competition validates your idea You know you have a good idea when other people are coming up with similar products or services. Competition validates the market and the fact that there are most likely customers for your new product. This also means that the costs of marketing and educating your market goes down. . Competition helps educate your target market. . Being first-to-market can be a huge advantage, but that also means that you will have to spend way more than the 2nd-to-market player to educate the market about your new widget, your new solution to a problem, your new approach to services. This is especially true for businesses that are extremely innovative. These first-to-market businesses will be facing customers that didnโ€™t know that there was a solution to the their problem. These potential customers might not even know that they have a problem that can be solved in a better way. These first-to-market companies will have an uphill battle to educate consumers โ€“ an often expensive and time consuming process. The 2nd-to-market will enjoy all the benefits of an educated marketplace without the large marketing expense. . Competition pushes you Businesses that have little or no competition become stagnant. Customers have few alternatives to choose from, so there is no incentive to innovate. Constant competition ensures that your marketplace continues to evolve and that your product offering continues to evolve with it. . Competition forces focus & differentiation . Without competition, itโ€™s easy to lose focus on your core business and your core customers and start expanding into areas that donโ€™t serve your best customers. Competition forces you and your business to figure out how to be different than your competition, how you can focus on your customers. In the long-term, competition will help you build a better business. ๐Ÿ“ท @timkarsliyev -
Memes, Target, and True: You can
 have all the
 degrees in the
 world but if
 you don't have
 a hustlers
 mentality,
 ambition, and
 Common Sense
 you'll be lost
I find that business owners often wish that they had no competition. . Businesses usually are thinking that with no competition, the entire market for their product or service will be theirs. I donโ€™t think that is the case โ€“ especially for newstartups that have truly innovative products and services. . Hereโ€™s why: Competition validates your idea You know you have a good idea when other people are coming up with similar products or services. Competition validates the market and the fact that there are most likely customers for your new product. This also means that the costs of marketing and educating your market goes down. . Competition helps educate your target market. . Being first-to-market can be a huge advantage, but that also means that you will have to spend way more than the 2nd-to-market player to educate the market about your new widget, your new solution to a problem, your new approach to services. This is especially true for businesses that are extremely innovative. These first-to-market businesses will be facing customers that didnโ€™t know that there was a solution to the their problem. These potential customers might not even know that they have a problem that can be solved in a better way. These first-to-market companies will have an uphill battle to educate consumers โ€“ an often expensive and time consuming process. The 2nd-to-market will enjoy all the benefits of an educated marketplace without the large marketing expense. . Competition pushes you Businesses that have little or no competition become stagnant. Customers have few alternatives to choose from, so there is no incentive to innovate. Constant competition ensures that your marketplace continues to evolve and that your product offering continues to evolve with it. . Competition forces focus & differentiation . Without competition, itโ€™s easy to lose focus on your core business and your core customers and start expanding into areas that donโ€™t serve your best customers. Competition forces you and your business to figure out how to be different than your competition, how you can focus on your customers. In the long-term, competition will help you build a better business. ๐Ÿ“ท @timkarsliyev -

I find that business owners often wish that they had no competition. . Businesses usually are thinking that with no competition, the entire ...