What Can You Learn from Your Competition?: Crash Course Business Entrepreneurship #4

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We’re used to competitions with clear winners and losers: baseball games, math olympiads, pie-eating contests, and games involving thrones. We crown a victor and everyone else goes home empty-handed!

In business, though, there isn’t just one winner. So as entrepreneurs, we have to take stock in the middle of the competition, and ask the question: “how competitive am I?”

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Knowing your enemy is the best thing to do to make more money in your market. It will also help you review you and your business if you are still on track and still solving your target markets problem.

ShaneHummus

I really needed Anna Akana in my life today, and CrashCourse made that happen.

Awesome series. Very helpful.

charlesphilips

I believe the best way to beat any competitor is to truly understand what the customer wants and match it 100%. Empathy is key.

arminrau-makingstartupspro

It's kind of eerie how the forces which are good or convenient for entrepreneurs are usually also bad or inconvenient for customers. "Competition is good, it drives innovation and keeps prices cheaper! Oh but if you're a business owner competition is bad because it lowers your profits and forces you to come up with ways to get ahead of your competitors."

chillsahoy

Who else loved the parks & rec reference

asliyase

Cersei: I destroyed the sept of Baylor

Daenerys: oh sweetie

daphneblake

Funny, and clear. Keeping up the crash course tradition. Great job.

Mr.Turano

Me: So, what do I have to do so other people won't steal my ideas?
CrashCourse: Your ideas have to really stink! 😀

rea

On the one hand i find this serries fasinating. Business is maybe the biggest factor in our modern live.

That being said I always get a existential crisis when watching, my body just reels against the thought of compitition. The moment i start thinking in that way I imidiatly start stressing and losing focus making me preform worse. But that is my problem.

JeroenDoes

SPOILERS

So Daenerys learned burning excessive amounts of people from Cersei?

lorddinosaur

I am a simple person I see anything about game of thrones I click

AyaMohamed-ijhu

The 5 forces are great to be aware of for entrepreneurs and small business, but holy cow they match up almost exactly with shady stuff that large businesses do that makes customers lives' miserable (here's looking at you, Comcast et. al.)

zachheilman

Anna Akana in Crashcourse? Hell yeah! Stay awesome, Gotham!

theguardian

liking competition can help you to go harder and faster, but I think you shouldn't get to watch what they are doing. You could be influenced in a bad way. Stay in your lane and crush them!

thegabrieljulie