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zakruti.com » Knowledge, science, education » Crash Course
What Can You Learn from Your Competition? : Crash Course Business Entrepreneurship #4

What Can You Learn from Your Competition? : Crash Course Business Entrepreneurship #4

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Rating: 4.0; Vote: 1
We-re used to competitions with clear winners and losers: baseball games, math olympiads, pie-eating contests, and games involving thrones. We crown a victor and everyone else goes home empty-handed! In business, though, there isn-t just one winner. So as entrepreneurs, we have to take stock in the middle of the competition, and ask the question: -how competitive am I?
Date: 2022-04-04

Comments and reviews: 7


On the one hand i find this serries fasinating. Business is maybe the biggest factor in our modern live.
That being said I always get a existential crisis when watching, my body just reels against the thought of compitition. The moment i start thinking in that way I imidiatly start stressing and losing focus making me preform worse. But that is my problem.

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It's kind of eerie how the forces which are good or convenient for entrepreneurs are usually also bad or inconvenient for customers. -Competition is good, it drives innovation and keeps prices cheaper! Oh but if you're a business owner competition is bad because it lowers your profits and forces you to come up with ways to get ahead of your competitors. -
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Gold on pizza? Weeeeeellll, I know a local pizzeria that has a pizza with all kinds of premium topings, including 22 carat gold. As it costs about 1000$ though, no one has apparently yet ordered one. Makes for good advertisement though as it keeps people talking about them.
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A pretty face can make anything seem -not so cut throat-. but the reality is competition at it's core is a bi-product of greed, scarcity and ignorance. Which is a state of mind the leaders of this world are still in today.
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liking competition can help you to go harder and faster, but I think you shouldn't get to watch what they are doing. You could be influenced in a bad way. Stay in your lane and crush them!
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i just realized that I have to know my enemy well, not cause It will help me in any business way, but just because of REVENGE. lol
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I believe the best way to beat any competitor is to truly understand what the customer wants and match it 100%. Empathy is key.
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