Chuckled at this, "I ask about competitors and she stares like I asked about the weather." because I remember being surprised when a founder tweeted about our competitors. To promote their work!!! And did so multiple times. Eventually, I ended up partnering with our competitors. Company was bootstrapped, we started at the rock bottom, and ended up acquring millions of users with majority of F100 companies as clients. I don't know if it'll work in any other industry but the fact that you can actually promote competitors, partner with them, and still win was incredible.
Now information about the world is abundant, yet about our neighbours is still limited. Until we go back to business pre-internet vibes, where if you hadn't intentionally systematize market research, you would only meet your competitor randomly at exhibitions and business clubs 😄
That is so true! And correlates with my preferred criteria for evaluating a business idea: "Does it solve a pain point?" If you can identify a pain point, that's because no competitor is yet there.
why most people (historically speaking) fall in the 'comparison'/ benchmarking/ copying trap? how could we (parents) empower our kids not to typically?
are we wired this way somehow? are we fighting human nature itself here?
Comparison is the thief of joy!
Chuckled at this, "I ask about competitors and she stares like I asked about the weather." because I remember being surprised when a founder tweeted about our competitors. To promote their work!!! And did so multiple times. Eventually, I ended up partnering with our competitors. Company was bootstrapped, we started at the rock bottom, and ended up acquring millions of users with majority of F100 companies as clients. I don't know if it'll work in any other industry but the fact that you can actually promote competitors, partner with them, and still win was incredible.
Now information about the world is abundant, yet about our neighbours is still limited. Until we go back to business pre-internet vibes, where if you hadn't intentionally systematize market research, you would only meet your competitor randomly at exhibitions and business clubs 😄
That is so true! And correlates with my preferred criteria for evaluating a business idea: "Does it solve a pain point?" If you can identify a pain point, that's because no competitor is yet there.
You hit the nail on the head!
why most people (historically speaking) fall in the 'comparison'/ benchmarking/ copying trap? how could we (parents) empower our kids not to typically?
are we wired this way somehow? are we fighting human nature itself here?
good one, Nikunj! scrolling your industry is the laziest form of participation. that's not now you win.
Intro resonates! It's quite a good opportunity to partially exit social media 😅
Relieved to see others going through similar phase and moving forward.