MBA465 Why Comparing Yourself to Your Competition is Dangerous

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.9 • 1.2K Ratings

🗓️ 8 December 2015

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

We cannot avoid competition. They are always there in every kind of business. We tend to observe and watch out for our competitors often instead of watching out for ourselves. How does looking at our competition with no game plan hurt our business? Let us tell you exactly what we mean about comparing ourselves to our competition being dangerous. Press play!

Transcript

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0:00.0	Heyo! Welcome to the $100 B., or those who are crazy about business
0:14.0	come to get better at it with our daily 10 minute business
0:17.0	lessons for the real world.
0:19.0	I'm your host, your coach, your teacher, Omar Zinnholm.
0:22.0	I'm also the co-founder of the $100 MBA, a complete
0:26.2	business training and community online. If you're looking to get started with your business
0:30.5	and want to nail down a great business plan but don't want to
0:34.6	spend hours on it check out our one-page business plan template over at 100
0:39.9	MBA.net slash guides At that page you can download all our free guides. Once you
0:46.7	sign up for one you get all five automatically so check that out. In today's
0:51.6	lesson you will learn why comparing yourself to your
0:54.7	competition is dangerous. Whenever we start a new product or new business, the
1:00.0	first thing we do is do a Google search and take a look at all our competition.
1:04.6	We look at their websites, we watch their videos, we analyze them, and often we subconsciously
1:09.1	admire them.
1:10.1	How does that process, how does looking at your competition with no game plan hurt your business?
1:15.6	I'm going to explain in today's episode as well as give you a game plan, show you exactly
1:19.7	how you can be aware of your competition, know what they're all about, and know how to differentiate
1:24.4	yourself and don't look back and you don't have to worry about them ever again.
1:29.3	I get into all the
1:33.2	details in today's episode so let's get down to business.
1:38.7	Today's episode of the $100 MBA show is sponsored by Braintree.
	...

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