Your competitors are just like you: smart and hard-working.
(a tiny 🧵)
(a tiny 🧵)
1/ Entrepreneurs have to be confident in their abilities, otherwise, they’d never take the risk of starting a business.
However, this confidence can backfire if it’s adopted as a company strategy.
However, this confidence can backfire if it’s adopted as a company strategy.
2/ If you think you’re smarter or more hard-working than your competitors, your competitors are also thinking the same.
3/ Competitive advantage arises out of true and exclusive advantages that give you an edge over competitors.
Believing you’re the best or the most hard-working is probably neither true nor exclusive to you.
Believing you’re the best or the most hard-working is probably neither true nor exclusive to you.
4/ Invest in actually building some real, hard-to-copy advantages in your business.
5/ 🧠 Remember:
assume that your competitors are smart, hard-working, and hell-bent on growing their business.
Only then you’ll do what’s needed to build a defensible business.
assume that your competitors are smart, hard-working, and hell-bent on growing their business.
Only then you’ll do what’s needed to build a defensible business.
6/ That's it!
I'm posting ~1 new mental model for entrepreneurs every week.
Here's the entire list of 60+ mental models that I'll cover in a year or so: invertedpassion.com/free-book-ment…
Make sure you sign up for email updates on the book page.
I'm posting ~1 new mental model for entrepreneurs every week.
Here's the entire list of 60+ mental models that I'll cover in a year or so: invertedpassion.com/free-book-ment…
Make sure you sign up for email updates on the book page.
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