http://www.adam-mcfarland.net/2010/01/14/decision-making-and-the-competition/ Musings of a Balding 29 Year Old Business Owner Tue, 07 Feb 2012 15:23:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.adam-mcfarland.net/2010/01/14/decision-making-and-the-competition/comment-page-1/#comment-4518 Adam McFarland Wed, 03 Feb 2010 13:22:06 +0000 http://www.adam-mcfarland.net/?p=1068#comment-4518 Thanks Christina! Thanks Christina!

]]> http://www.adam-mcfarland.net/2010/01/14/decision-making-and-the-competition/comment-page-1/#comment-4516 Christina Wed, 03 Feb 2010 10:44:08 +0000 http://www.adam-mcfarland.net/?p=1068#comment-4516 Very well said. You may both be in the same playing field but hey everybody has it's own strategy to win the game. What work for the other may not work for you, there are hundreds of ways to win, you just need to uncover them, from failures, trends etc. It's always a gamble if you're afraid to lose then don't play. Great post by the way. Very well said. You may both be in the same playing field but hey everybody has it’s own strategy to win the game. What work for the other may not work for you, there are hundreds of ways to win, you just need to uncover them, from failures, trends etc. It’s always a gamble if you’re afraid to lose then don’t play. Great post by the way.

]]> http://www.adam-mcfarland.net/2010/01/14/decision-making-and-the-competition/comment-page-1/#comment-4397 Dale Ting Mon, 18 Jan 2010 12:56:44 +0000 http://www.adam-mcfarland.net/?p=1068#comment-4397 I agree, business shouldn't be like a football game where someone wins and someone loses. The big company I work for is constantly talking about how we need to win. We even had a presentation where they analyzed the competition, and the takeaway was that they were "very scary." It's this kind of thinking that prevents innovation and new streams of profit. I agree, business shouldn’t be like a football game where someone wins and someone loses. The big company I work for is constantly talking about how we need to win. We even had a presentation where they analyzed the competition, and the takeaway was that they were “very scary.” It’s this kind of thinking that prevents innovation and new streams of profit.

]]> http://www.adam-mcfarland.net/2010/01/14/decision-making-and-the-competition/comment-page-1/#comment-4390 Adam McFarland Fri, 15 Jan 2010 15:54:58 +0000 http://www.adam-mcfarland.net/?p=1068#comment-4390 Haha very true Tim - I also trust us much more than I trust the competition. Haha very true Tim – I also trust us much more than I trust the competition.

]]> http://www.adam-mcfarland.net/2010/01/14/decision-making-and-the-competition/comment-page-1/#comment-4389 Adam McFarland Fri, 15 Jan 2010 15:53:38 +0000 http://www.adam-mcfarland.net/?p=1068#comment-4389 Well said Aaron. I also think that the result that you don't recognize won't make you very happy. Building something "your way" tends to make you more satisfied with the results. Well said Aaron. I also think that the result that you don’t recognize won’t make you very happy. Building something “your way” tends to make you more satisfied with the results.

]]> http://www.adam-mcfarland.net/2010/01/14/decision-making-and-the-competition/comment-page-1/#comment-4388 Tim Fri, 15 Jan 2010 15:44:57 +0000 http://www.adam-mcfarland.net/?p=1068#comment-4388 Another great post Adam, I agree that it is one of the key rookie mistakes. I think you can learn a lot about the viability of a new business by looking at the competition pretty closely, but after that initial analysis you should be focusing on developing your business with only quick checks of the competition to ensure that nothing radical has taken place. It was a mistake I made too often in my younger years, but as I grew and gained confidence I learned that every hour focused on the competition is an hour not focused on my business, and I trust me more then I trust them so why invest my time like that? Another great post Adam, I agree that it is one of the key rookie mistakes. I think you can learn a lot about the viability of a new business by looking at the competition pretty closely, but after that initial analysis you should be focusing on developing your business with only quick checks of the competition to ensure that nothing radical has taken place. It was a mistake I made too often in my younger years, but as I grew and gained confidence I learned that every hour focused on the competition is an hour not focused on my business, and I trust me more then I trust them so why invest my time like that?

]]> http://www.adam-mcfarland.net/2010/01/14/decision-making-and-the-competition/comment-page-1/#comment-4387 Aaron Fri, 15 Jan 2010 00:08:41 +0000 http://www.adam-mcfarland.net/?p=1068#comment-4387 That is often a temptation and you always have to make your own way or you will ultimately end up with a result that you don't recognize. That is often a temptation and you always have to make your own way or you will ultimately end up with a result that you don’t recognize.

]]>