Don’t Obsess Over the Competition

Posted on April 24, 2014

When I first launched, there weren’t too many other players in the space. We all knew about Monster and CareerBuilder but there weren’t any super-notable internship platforms. As the subject of internships started to get more popular, the number of “other” internship websites popping up began to increase. At first, I would obsess over it. Every time another site popped up or another person called themselves an “internship expert” – I would freak out. I thought my life was over. I thought they would take everything I’d worked so hard for away from me.

Another hard part about all of these competitor sites popping up, was that some of them were funded by people with deep pockets – they had MONEY. I had no money, so when I would hear about all of these fancy internship companies with fancy financial backers, I was scared. I thought that someone with money could do what I was trying to do faster and take away what I created. I’m not going to lie, this obsession with my competitors went on for a least a few years. After about two or three years, I started to notice that all of the competitors that I was so “scared” of weren’t having much success at all. And those that were, weren’t taking any of my business away. There was room for all of the kids to play on the playground. And just because other companies had money, didn’t mean they knew what to do with it or knew what I would do with it.

Today, I try not to pay too much attention to the competition. There is always another company or another expert or more money or a bigger celebrity – or something of that nature. It’s part of life and it’s part of business.

For more of my entrepreneur stories and tips, check out my new book, Welcome to the Real World.