Knowledge Marketplace
My First Million

My First Million

The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.

Back to Beliefs

Having an enemy (real or imagined) is essential for startup motivation and focus

Evidence

Both Morning Brew and The Hustle used each other as competitive motivation, driving obsessive improvement and market focus

Implication

Founders should identify or create competitive threats to maintain urgency and drive performance

Counter Belief

Competition should be healthy and focused on customer value rather than beating specific competitors

Example Application

Using competitor analysis to set daily content standards and drive team performance through competitive benchmarking