Category Archives: Competition

When people just don’t get it

One of the things all entrepreneurs have to deal with are the negative reactions to their ventures.  Some people you tell about your idea will understand and buy in right away; however there are always those who just won’t get it.  I find the latter group to typically include the people closest to the founder(s).

I have a contact that I told about GoGrabLunch very early on.  He seemed to like the idea and took the time to create an account (and subsequently ask me for an introduction to an attorney he saw on the site), however he has yet to participate in a networking lunch.

Frankly, that is disappointing.  One reason is that I have considered him a mentor for a long time.  But more importantly he is a huge proponent of networking.  A fair amount of my networking knowledge has been gained from this one person.  So when I support his ventures and recommend them to others wouldn’t reciprocation be normal?

Cue the attorney in me – it…come on you know the rest…depends.  At the very least he has allowed me to present my idea to his network of people.  I suppose all things in time.

GoGrabLunch with someone new.

Beat to the punch…

Part of any good business plan is researching and reviewing the competition.  Whether direct or indirect the semblance of someone who could take a customer away from you is considered competition.  The question is – are competitors detrimental to your plan or do they validate it?

Today an adviser close to our team uncover the first direct competitor to our new venture.  My initial reaction was close to panic.  But after some time I realized that, although not entirely different, our model is unique in it’s own ways. Then I remembered some advice given to me a long time ago by a mentor.  He said “you don’t have to re-create the wheel, just drive the car better.” As an ex-fighter I think of it a another way.  You don’t have to be the first to the punch, you just have to hit harder.

You’ve been a great listener.  By the way…”want to gograblunch?”.