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Don't be intimated by potential competitors--that's exactly what they want. Wait until you think what they are doing is going to actually impact your company b

Don't be intimated by potential competitors--that's exactly what they want. Wait until you think what they are doing is going to actually impact your company before reacting. Continue as planned. Additionally, the competition might not be all that bad for you. They may help flesh out the market for you. You might be able to ride on their press and their advertising dollars. You might get ideas from their products. Finally, pretty much all good ideas will attract competition. That is the nature of a free market. So it was going to happen sooner or later. The good news is that there is usually room for multiple competitors in a market. And in the low-cost startup world, I haven’t seen any great evidence that bigger teams and bigger money win out on average after you control for the # of startups in each category.

kyro 19y ago
Waiting until you figure out exactly what potential competitors are doing and then reacting might hurt more than it helps. Even if the impact a competitor has on your company is small, slight shifts in product positioning can always occur, and your end of the market could be encroached upon. In the end, it's up to the users to decide. So launch quickly, listen to them, and help them choose your product as the best.
- epi0Bauqu 19y ago
  Well I didn't say wait until you figure out exactly what potential competitors are doing, but just until you think what they are doing is going to actually impact your company.
cmm324 19y ago
You could run for a bomb shelter and cower in the corner... or... Launch early... update often. IF you launch first you get credit for that. Also, learn what your competitors core values and visions are. Compare those to your own, and find a way to differentiate if yours are the same as theirs. Let your core values and shared vision drive you and you will most likely improve your chances for success. But if you do choose the bomb shelter option, let us know how to contact you in case the competition goes defunct! Good luck, Christopher Mancini http://www.propertystampede.com http://www.propertystampede.com

kyro 19y ago

Waiting until you figure out exactly what potential competitors are doing and then reacting might hurt more than it helps. Even if the impact a competitor has on your company is small, slight shifts in product positioning can always occur, and your end of the market could be encroached upon. In the end, it's up to the users to decide. So launch quickly, listen to them, and help them choose your product as the best.

epi0Bauqu 19y ago
Well I didn't say wait until you figure out exactly what potential competitors are doing, but just until you think what they are doing is going to actually impact your company.

cmm324 19y ago

You could run for a bomb shelter and cower in the corner... or... Launch early... update often. IF you launch first you get credit for that. Also, learn what your competitors core values and visions are. Compare those to your own, and find a way to differentiate if yours are the same as theirs. Let your core values and shared vision drive you and you will most likely improve your chances for success. But if you do choose the bomb shelter option, let us know how to contact you in case the competition goes defunct! Good luck, Christopher Mancini http://www.propertystampede.com http://www.propertystampede.com