20ThingsNoOneTaughtMeAboutSuccess #8: Competition is the enemy

 

competitive-training

Competition is extremely costly to maximum product reach and wealth creation.

It becomes a battle of who can slightly out-do the other for cheaper and cheaper.

It is a race to the bottom for all parties involved.

Instead of trying to compete with other people or businesses, it is better to do something completely novel or to focus on a tightly defined niche.

Once you have established yourself as an authority over something, you can set your own terms ,  rather than reactively responding to the competition.

Thus, you want to monopolise the space in which you create value.

Competing with others leads people to spend every day of their lives pursuing goals that are not really their own,  but what society has deemed important.

You could spend your whole life trying to keep up, but will probably have a shallow life.

Or, you can define success for yourself based on your own values and detach yourself from the noise.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s