Competition is overrated
I agree with this - people with new business ideas are far too paranoid about competition. As this article points out, almost every good idea has already been built, and finding an existing product in the marketplace can actually be a good thing. I have heard engineers say, for example, that it is often better to be "second" with a product, rather than first. I have also heard that if you do a start up correctly, no one can really steal your ideas because "they are you". Worth a read: http://www.businessinsider.com/competition-is-overrated-2010-6#ixzz0ryuQChNC
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