Get ready to enter the Thrive Time Show 3, 2, 1, boom!

All right, Thrive Nation. Welcome back. We're talking today about determining who your biggest competition is.

Determine who your biggest competition is. Determine who your biggest competitors are.

This is so important because I hear so much crap all the time from aspiring entrepreneurs

that are really unaware of how the game of business works. So, Chuck, I'm going to explain how the game of business works.

All right, let's hear it.

And I know that for everyone listening to this is probably common sense, but if nothing else, it's a refresher course.

The way American economy works is that buyers vote with their dollars, right?

Yep. So buyers vote with their dollars and what we're doing as entrepreneurs is we're competing for your dollars.

So entrepreneurs, so step one, entrepreneurs solve problems for their ideal and likely buyers.

Does that make sense? Yes. So entrepreneurs solve problems for...

So you say, what's an entrepreneur? You solve problems for your ideal and likely buyers for a profit, for a profit, right?

And then the revenue could be exchanged for goods and services that you want.

So there's always a competition going on, right? Am I getting something...

Because right there, I feel a lot of people, they don't agree with that right there.

I think a lot of people will say, Ryan, I'm sure you've seen this with other entrepreneurs, but they say,

no, no, like competition, we work together on a lot of stuff.

We're like co-branding. Can you please explain?

Because you've been an entrepreneur for over a decade. 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?

Yeah, they're not your business partner. It's like you're playing basketball. It's not like the other team and you are just like playing together, right?

Chop, you're trying to win. Chop, I see this all the time though. I see where people will say, no, no, no, my competition and I, we're working together.

Yeah, it happens all the time and there's the pie's big enough clay. There's enough pie for us to all go around.

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