Not only is competition good for you - but it is something you should expect. Whether there is already competition in your market, or it is completely niche, yo

Not only is competition good for you - but it is something you should expect. Whether there is already competition in your market, or it is completely niche, you will need to strive to do things better and make sure you meet your target user base needs. This still holds true if those competitors are better funded; just build a better product.