Business | Determining Who Your Biggest Competition Is
Thrivetime Show | Business School without the BS
Clay Clark
4.7 • 1.5K Ratings
🗓️ 10 May 2023
⏱️ 22 minutes
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Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com)
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Transcript
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| 0:00.0 | Get ready to enter the Thrive Time Show, three, two, one, boom! |
| 0:09.0 | All right, Thrive Nation. Welcome back. We're talking today about determining who your biggest competition is. |
| 0:15.0 | Determine who your biggest competition is. Determine who your biggest competitors are. |
| 0:22.0 | This is so important because I hear so much crap all the time from aspiring entrepreneurs |
| 0:29.0 | that are really unaware of how the game of business works. So, Chuck, I'm going to explain how the game of business works. |
| 0:35.0 | All right, let's hear it. |
| 0:36.0 | And I know that for everyone listening to this is probably common sense, but if nothing else, it's a refresher course. |
| 0:41.0 | The way American economy works is that buyers vote with their dollars, right? |
| 0:46.0 | Yep. So buyers vote with their dollars and what we're doing as entrepreneurs is we're competing for your dollars. |
| 0:52.0 | So entrepreneurs, so step one, entrepreneurs solve problems for their ideal and likely buyers. |
| 0:59.0 | Does that make sense? Yes. So entrepreneurs solve problems for... |
| 1:03.0 | So you say, what's an entrepreneur? You solve problems for your ideal and likely buyers for a profit, for a profit, right? |
| 1:10.0 | And then the revenue could be exchanged for goods and services that you want. |
| 1:14.0 | So there's always a competition going on, right? Am I getting something... |
| 1:20.0 | Because right there, I feel a lot of people, they don't agree with that right there. |
| 1:23.0 | I think a lot of people say, Ryan, I'm sure you've seen this with other entrepreneurs, but they say, |
| 1:27.0 | no, no, like competition, we work together on a lot of stuff. |
| 1:30.0 | We're like co-branding where can you please explain, because you've been an entrepreneur for a decade. |
| 1:35.0 | Right. |
| 1:36.0 | Why if you, on a fundamental level, don't understand that it's you versus your competition in a war, why that's not healthy? |
| 1:45.0 | Yeah, they're not your business partner. It's like you're playing basketball. |
| 1:49.0 | It's not like the other team and you are just like playing together, right? |
... |
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