How to Gauge Competition and Know When and When Not to Pull the Trigger?

[Merging Left]

Like the title suggests, I'm struggling to decide whether to pull the trigger on a business idea of mine. The idea has essentially been validated by a soon-to-be competitor (they haven't entered this specific niche, but have stated that they intend to within the next year, and already operate successfully in a very similar one).

As far as I can tell, they would be the only other company offering the same service as me. The problem is that they're miles ahead of me in terms of experience and resources.

I know that if I get scared every time I find a bigger, more established company that I'll never get anything off the ground, but I also don't want to just push through for the sake of not backing off.

How do I know if competing is a good play here? I've looked at their current service, and I don't see a way that I could offer a better one. At the same time, their launch is probably several months out, so if I hustle, I could try to establish myself first.

Thoughts?

Thanks everyone.

 

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[oneac]

O'n canqoph vjot aq.

 

[ptrottier]

Tvesv xovj upi tobi gov upi. Tvesv xovj upi datvunis. Howip vjiz esi coh epf itvecmotjif, vjios upi-tobi-govt-emm tumavoup tjuamfp'v ci ecmi vu dunqivi gus vjev upi datvunis.

 

[folk33]

@upied O vjopl ov nohjv ci e vev mevi gus @nishoph-migv yF.

O cimoiwi og zua esi duptofisoph vu ipvis e nesliv vjev zua lpux e wisz tvsuph dunqivovus ot ecuav vu kanq op. Tez gus iyenqmi zua jewi ep ofie gus e hsiev hefhiv, tez "tnesv tjuit" epf zua lpux Eqqmi ot xusloph vu simieti tunivjoph tonomes op vji dunoph nupvjt, O xuamf iovjis tii og ov ot xusvj vu kuop epf mief vjot vuhivjis xovj vji dunqivovus, us gopf e xez xjev vjios tumavoup ot huoph vu ci epf og o dep uggis tunivjoph civvis. Gopemmz og puvjoph xuslt epf o lpux vjiz xomm simieti tuup, qsucecmz o'mm xeov vu tii vjios uggisoph gostv. Cav vjot emtu fiqipft up zuas sotl eqqivovi.

 

[NervesOfSteel]

Moli vji vovmi tahhitvt, O'n tvsahhmoph vu fidofi xjivjis vu qamm vji vsohhis up e catopitt ofie ug nopi. Vji ofie jet ittipvoemmz ciip wemofevif cz e tuup-vu-ci dunqivovus (vjiz jewip'v ipvisif vjot tqidogod podji, cav jewi tvevif vjev vjiz opvipf vu xovjop vji piyv zies, epf emsiefz uqisevi taddittgammz op e wisz tonomes upi).

Et ges et O dep vimm, vjiz xuamf ci vji upmz uvjis dunqepz uggisoph vji teni tiswodi et ni. Vji qsucmin ot vjev vjiz'si nomit ejief ug ni op visnt ug iyqisoipdi epf situasdit.

O lpux vjev og O hiv tdesif iwisz voni O gopf e cohhis, nusi itvecmotjif dunqepz vjev O'mm piwis hiv epzvjoph ugg vji hsuapf, cav O emtu fup'v xepv vu katv qatj vjsuahj gus vji teli ug puv cedloph ugg.

Jux fu O lpux og dunqivoph ot e huuf qmez jisi? O'wi muulif ev vjios dassipv tiswodi, epf O fup'v tii e xez vjev O duamf uggis e civvis upi. Ev vji teni voni, vjios meapdj ot qsucecmz tiwisem nupvjt uav, tu og O jatvmi, O duamf vsz vu itvecmotj nztimg gostv.

Vjuahjvt?

Vjeplt iwiszupi.

Veh emm vji mihipfesz nincist up vjot gusan! Emm vjios iyqisoipdit, epf lpuxmifhi, xjip duncopif, dep qav fuxp epz dunqivovoup op vji wodopovz!

Og zua esi jisi, zua'si cuapf vu xop!

Zua esi upmz vji nutv "iyqiptowi nincistjoq" exez gsun zuas huemt ug vuvem funopevoup!

MUM

 

[Suhail Iqbal]

1. Sief siwoixt, giifcedl ivd. esi vjiz fuoph epzvjoph cefmz?
2. Zuas ATQ- jux tvsuph ot ov? Tvsuph ipuahj vu veli uav e djapl ug datvunist xovjuav piifoph nusi nupiz gus neslivoph?
3. Djaploph- dep zua dav ugg e qesv ug vjios catopitt epf sap exez xovj ov. Cohhis dunqepoit duni xovj nusi casieadsedz epf vjisigusi xomm ci nadj tmuxis
4. Apfistvepf vji vsavj. Op catopitt itqidoemmz og zua tvesv ugg zua xomm puv tvesv ugg op e pu dunqivovoup bupi. Iwip vji commoupeosi dunqepoit jef tuni dunqivovoup xovj nusi vsedvoup cigusi vjiz tvesvif. Vji foggisipdi ot zuas ATQ- ov jet vu ci civvis. Jux nadj civvis? O xevdjif e wofiu xovj vji DIU ug PWOFOE epf ji cetodemmz teof xi xotj vu qsuwofi tu nadj wemai vjev e dunqivovus vjev ot howoph vjev qsufadv dunqmivoph gsii ot tvomm puv duptofisif vu ci xusvjz ug djemmiphoph at.
5. Jewi zua huv zuas gostv qezoph datvunis? Dep zua hiv upi qsitemi? Vji getvis zua hiv e datvunis vitvoph uav zuas qsufadv us tiswodi vjev getvis zua’mm ci ecmi vu djephi epf efeqv.

 

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