Competition Doesn’t Matter

Summary

• When starting a business, don't avoid competition. If it's competitive, it means people are buying.
• Look at competition positively; it shows there's a market. You just need to be better than others.
• Make and keep promises consistently to stand out. Most people don't.
• Show up on time, prepare before meetings, and always try to do a good job.
• Keeping your word places you above the majority of others.

Video

How To Take Action

I would suggest implementing a few straightforward strategies that can bring high value to your business or personal growth.

Embrace Competition

First, don't be afraid of competition. If many businesses are competing, it means there's demand. Analyze what these competitors are doing, find gaps, and improve on them. Being better doesn't always mean large changes; small, consistent improvements can make a difference.

Keep Your Promises

One of the easiest ways to stand out is by making and keeping promises. This might seem simple, but it's incredibly effective. When you tell a customer or client you'll do something, follow through. If you consistently keep your word, you build trust and credibility, putting you ahead of most people.

Be Reliable

Reliability is key. Always show up on time. Being punctual shows respect and professionalism. Before meetings, take the time to prepare. Know what you're going to discuss and have any necessary materials ready. This level of preparedness sets you apart.

Do a Good Job

Continuously strive to do a good job in everything you do. Excellence doesn't necessarily require extra money or time. Focus on the quality of your work. Pay attention to details and aim to elevate the standard in little ways. This could mean better customer service, more thoughtful communication, or simply doing what you do with a bit more care.

By focusing on these low-cost, high-impact strategies, you'll create a solid reputation and a competitive edge without needing to invest significant resources.

Full Transcript

do you boo boo it's this weird new thing where it's like new business owners are like I don't want to go somewhere where it's competitive it's like dude if it's competitive it means people are buying like I just see that as great I just have to beat these people if you just make promises and keep your promises and do that on consistent basis you're already in the top 10% like you show up on time you prepare before you talk to somebody you actually try and do a good job and you keep your word that puts you above everybody