Work with your users and do not focus on what your competitors are doing all the time. Take Mint for example, they intentionally ignored the competition and it

Work with your users and do not focus on what your competitors are doing all the time. Take Mint for example, they intentionally ignored the competition and it worked out ok... In terms of what the competitor is doing right, you should be getting that info from your users. One more thing... make sure you are doing one thing extremely well in your product versus many things.