How to Handle Competition

The competitive aspects of entrepreneurial work are some of the toughest. People have to contend with the fact that there are really only so many slots at the top. Your fellow entrepreneurs are your competitors if the both of you are in the same product niche. You can’t get around that and you can’t accept that they can have their own success if you have yours. It is rare that other entrepreneurs are going to be your allies.

Handling competition is partly about knowing that these people are not inherently better than you. Try to avoid thinking of them as people who are competing against you in the manner of sporting partners. This isn’t a game of doubles tennis. It also is not an academic trivia contest. These are people using multiple skills in order to get ahead, and you have to employ multiple skills in order to get ahead in your own right. That’s what you’re going to need to do in order to succeed against your competition. If you can do that, you’ll have the right attitude.

Competitors are going to be cruel in some cases. You have to expect that. Try to imagine that the two of you are just trying to succeed in a tough world and don’t really harbor any malice towards one another, and with any luck, you won’t. In all likelihood, your competitors don’t really care about you as a person in a negative way. They’re just trying to succeed at their own dreams, and if they succeed at their own dreams, you’ll be able to see them in a different light. Remember that both of you more or less have the same perspective when it comes to business and your own priorities, and that is going to make it easier for you to sympathize with each other’s perspective.