Q: How much should I worry about what my competitors are doing? Here are a few of my favorite quotes from Jeff Bezos, Eric Schmidt, Larry Page, and Paul Graham on why companies shouldn't focus on their competitors. Bezos also sums it up perfectly in the video clip below. “If… Show more
It is a huge advantage to any company if you can stay focused on your customer instead of your competitor.
Competitors easily become the greater enemy against which we can all rally. Why fight with the person in the next office when there's someone outside the gates looking to destroy us all? In most organizations, the people may not agree on much among themselves except that they all dislike the competitor. I learned to use my competitors as a weapon t
... See moreIf you want to reach greatness and blow your competitors out the water, you must focus on consistent progress and compare yourself to how you did the week before. When you make your competition the person in the mirror, you’ll succeed every time.”
Obsess over customers, not over competitors.
“I think one thing that is a really important thing to strive for is being internally driven, being driven to compete with yourself, not with other people. If you compete with other people, you end up in this mimetic trap, and you sort of play this tournament, and if you win, you lose. But if you’re competing with yourself, and all you’re trying to
... See moreNever forget that absolutely everything you do is for your customers. Make every decision—even decisions about whether to expand the business, raise money, or promote someone—according to what’s best for your customers. If you’re ever unsure what to prioritize, just ask your customers the open-ended question, “How can I best help you now?” Then foc
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