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#215 - Josh Kaufman - The Key Principles Of Running Any Business
Modern Wisdom
The Hidden Benefits of Competition
Having competition is a wonderful thing from multiple perspectives. It's like you get to watch other people play this game,. You get to notice what does well and what doesn't, without spending your own time and energy and resources. If there is not a market of people who are willing to pull out their wallet, chequ book or credit card and say, yes, please, i'll take one you're screwed. And so the nice thing about having competition is it is a 100 % guarantee that you're on the right side of the iron law of the market.You know, people are spending money. You're watching them do it. That's probably a higher percentage bet for you.
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