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3 Strategies For Dealing With Startup Competition

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In this video, I share 3 things you can do to deal with competition while building your business. Basically, if you do nothing but survive over the next 5 years, you will do better than 98% of other businesses.

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Here are what you can do to better deal with competition:

1. Survive. Don’t go out of business. Don’t make big bets and risk the whole business.

2. Spend more time talking with customers than thinking about the competition.

3. Invest time building a world class team that will be able to overcome any obstacle.

I believe that your first 12 employees will dictate the success of your business.

The best feedback you're going to get is not from watching what your competitors are doing, it’s actually talking to your customers!
Focusing on your competitor is just such a waste of energy and time because it really doesn’t matter. There’s nothing you can do to control what they do.


Dan Martell is an award-winning Canadian entrepreneur and founder of Clarity, a venture-backed startup that makes it easy to connect with top business minds over the phone. He previously co-founded Flowtown, a San Francisco-based social marketing product which raised funding, grew to over 50,000 small business customers and was eventually acquired by Demandforce in 2011. In 2012, he was named Canada's top angel investor having completed over 33 investments with companies like Udemy, Intercom, and Unbounce. He believes "you can only keep what you give away" and is heavily involved in many charitable organizations & community events.

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