2212: Finding Your Value Despite the Competition by Michael Mehlberg on Competitive Advantage

Get the 200+ Page Optimal Living Daily Workbook (PDF) - Free. Want to turn today's episode into an actionable plan? Join the Optimal Living Weekly newsletter and I'll send you our 200-page digital workbook immediately. It's packed with the best takeaways from the show, formatted for easy reading and implementation at home. Get your free PDF workbook here: https://oldpodcast.eo.page/join Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com Episode 2212: Michael Mehlberg explains why finding a competitor already serving a market is no reason to shelve a business idea. Drawing on advice from his business coach and the law of exclusivity from The 22 Immutable Laws of Marketing, he argues that no company owns a market outright and that customers routinely buy from competing providers. The entrepreneurship lesson is to recognize the value in hard-won knowledge, find a distinct angle, double down on why customers choose the business, and take action. Read along with the original article here: https://michaelmehlberg.com/blog/2018/5/14/finding-your-value-despite-the-competition Quotes to ponder: "If you have something of value to offer the world, there's usually a business in it." "They may have market share, but they don't own it." "Just because someone else is doing something similar doesn't mean you can't build a business." Optimal Work Daily is a daily career advice podcast where we narrate the best articles on productivity, entrepreneurship, and work-life balance, read to you by a professional narrator so you can grow your career a little more every day. Learn more about your ad choices. Visit megaphone.fm/adchoices