Learning from the mistakes of others can be tough – they're often not publicized/known and since you didn't experience them yourself you don't have that intrinsic understanding of what went wrong. Having said that, you can see where you think your competition is heading in the wrong direction and recognize warning signs of their issues.

Learning from the mistakes of others can be tough – they’re often not publicized/known and since you didn’t experience them yourself you don’t have that intrinsic understanding of what went wrong. Having said that, you can see where you think your competition is heading in the wrong direction and recognize warning signs of their issues.

It's really about

1. Acknowledging that competition exists whether you know it or not.

2. Understanding what/why/how others have failed to deliver to your target market.

3. Learning from their mistakes and success.

4. Ensuring that your business offering is the one that your niched market cluster will go absolutely crazy about.

It’s really about

1. Acknowledging that competition exists whether you know it or not.

2. Understanding what/why/how others have failed to deliver to your target market.

3. Learning from their mistakes and success.

4. Ensuring that your business offering is the one that your niched market cluster will go absolutely crazy about.

I agree with respect to the term “mimic” – it doesn't have the best connotation.

Thanks for stopping by and commenting!

I agree with respect to the term “mimic” – it doesn’t have the best connotation.

Thanks for stopping by and commenting!

I don't think you want to completely ignore the competition, but you certainly don't want them to be your focus or source of sleepless nights. Competition can often be a source of good information, as there is only competition where there is plenty of opportuntity!

The world is full of successful people whom we can learn from. I don't like the term mimic though. Tony Robbins states that “success leaves clues.” If we follow the business “recipe” used successfully by someone else, we avoid the mistakes that he learned from and enjoy the successes that he eventually found.

Have lots of mentors! Learn from diverse viewpoints. I also like the idea of mastermind groups, where intelligent, creative, like-minded people come together regularly to brainstorm. These meetings will truly stimulate the creative juices!

Nice post Ben… It has me thinking!

I don’t think you want to completely ignore the competition, but you certainly don’t want them to be your focus or source of sleepless nights. Competition can often be a source of good information, as there is only competition where there is plenty of opportuntity!

The world is full of successful people whom we can learn from. I don’t like the term mimic though. Tony Robbins states that “success leaves clues.” If we follow the business “recipe” used successfully by someone else, we avoid the mistakes that he learned from and enjoy the successes that he eventually found.

Have lots of mentors! Learn from diverse viewpoints. I also like the idea of mastermind groups, where intelligent, creative, like-minded people come together regularly to brainstorm. These meetings will truly stimulate the creative juices!

Nice post Ben… It has me thinking!