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Is it safe to work on an idea without looking at the competition? (alien.top)

submitted 10 months ago by throw_away_17381@alien.top to c/entrepreneur@indiehackers.space

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Hi - I think I've kinda asked this question before in a roundabout kind of way.

For people who 'fear' the competition and think they'll never be better that what's out in the market, would it be safe or dangerous to ignore the competition?

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[–] HelloKrisKris@alien.top 1 points 10 months ago

It is very dangerous to ignore the competition, you need to monitor everything they do, and see if you can improve upon it there for adding value and making your business unique. If you’re going to start a business, write a business plan part of that is examining the competition.