3min chapter

The Bootstrapped Founder cover image

97: Why Competition is Good For Business

The Bootstrapped Founder

CHAPTER

Competition Is a Great Teacher

The dynamics of a monopoly lead to complacency and eventually consume harming processes. No single business can reliably and willingly serve every one in that space. If you suppress choice, people will may do it what they have because there are none for them. Running a business means constant learning from your customers, your competitors and the rest of the market. The more incentives you have to learn about ways to improve and provide a better service, the stronger your business will become.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode