What good does Competition do
to your Startup
The first thing that Entrepreneurs face
once they come up with the idea for their
startup is the amount of competition the...
It validates your idea
Where there is competition, there are
customers.
And when there are customers out there,
all you ne...
Makes you think beyond the
conventional
When such a huge range of choices
available to choose from, there is
something tha...
Pain Points
No company is perfect. There could something that
a particular one is missing out while serving its
customer, ...
You could get a clue of how things
work
By looking at the Business Models of the
already existing companies in your field,...
Partnership with your competitors
Who knows, you could change your competitors
into your partners.
And by doing so, not on...
A story focusing on the above
mentioned points can be had at:
http://www.utthishta.com/blog
Contact Us
• www.utthistha.com
• Blog : http://www.utthishta.com/blog/
• Slideshare: http://www.slideshare.net/Utthishta
•...
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What good does competition do to your startup

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Competition can more good to your startup than it supposedly does harm. To be able to take good out of competition is what separates a successful startup from an unsuccessful one. These slides contain sort of reinforce the very same claim.

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What good does competition do to your startup

  1. 1. What good does Competition do to your Startup
  2. 2. The first thing that Entrepreneurs face once they come up with the idea for their startup is the amount of competition they have. While competition could be intimidating for the first time you set foot in business, there is lot of good that competition can do to your company.
  3. 3. It validates your idea Where there is competition, there are customers. And when there are customers out there, all you need to do is get closer to them and allure them to your side Of Course, this is easier said than done. But atleast you don’t have to build a new customer base
  4. 4. Makes you think beyond the conventional When such a huge range of choices available to choose from, there is something that would attract the customers and make them want to come back to you. It is in striving to look for the Something that lies the success of the Startups.
  5. 5. Pain Points No company is perfect. There could something that a particular one is missing out while serving its customer, the so called Pain Points of the customer. Getting to interact personally with potential customers personally could help you get a clue of what these points are. Now when you work on these pain points and give the customer these. Wow! You already have an edge
  6. 6. You could get a clue of how things work By looking at the Business Models of the already existing companies in your field, read as your competitors, you would be getting an idea of how things work. This would give you an idea of how you might want to propose your Business Model.
  7. 7. Partnership with your competitors Who knows, you could change your competitors into your partners. And by doing so, not only are you eliminating one from the race but are also merging your customer base. Also by coming together you would be complementing yourselves, reduce the shortcomings that your earlier had and give your customers a better experience.
  8. 8. A story focusing on the above mentioned points can be had at: http://www.utthishta.com/blog
  9. 9. Contact Us • www.utthistha.com • Blog : http://www.utthishta.com/blog/ • Slideshare: http://www.slideshare.net/Utthishta • Youtube: http://www.youtube.com/UtthishtaSeedFund • Google + https://plus.google.com/108795327446527541978/ https://www.facebook.com/utthishta @Utthistha

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