Stung by the Competition

You've got an idea, you think its great. No one has developed a similar idea and generated any significant buzz (and internet buzz is OBVIOUSLY not hard to come by). You're pumped, you're excited. You're filled with nervous energy...

...and then doing some research, you realize someone has partially beat you to the punch. NOOOOO!

In an effort to minimize the crazy costs associated with bringing our idea to market - costs that are largely absorbed by web development and design fees - we've kept our eye on the marketplace. What's happening and what's not. Who might be interested in a partnership and who might now.

And in the process of doing so, I've come across two companies who have successfully launched an application VERY similar to our own (without the integrations). And I can't help but be a little sad. Does that mean there's no market for us?! NO. Does that mean that there's no opportunity for us to be the best?! NO. Does that take some of the steam out of the idea? I don't know. :(

NOW WHAT?!

:::where are those fortune cookies DAMNIT!!:::

That's exactly IT. Competition is inevitable - without it, you're either smarter than the other 5.959123812 billion people on this planet OR there's no market for what you're trying to do.

Hey - we've got competition. That's a good thing - there's a market for what we're trying to do, consumers have an interest in it, and industry and technorati bloggers tend to think the idea has potential and is worth exploring. COOL! Sure it ads pressure, but what's entrepreneurship without some pressure!???

A job.

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