I think there is no competition, only niches and segments; let me explain this:
- Any business you would take, you can segment it very much and pick a niche that hasn’t been taken yet and solve that niche’s problems better than anyone else; you will be the master of a niche; then, you can expand your business;
- Let’s say you pick a niche which is already taken; even in that niche you can create another niche; so, if you build a donuts shop next to another donuts shop, you can differentiate via customer service, quality, products, marketing, operating times and so on; you can be a different donuts shop.
My follow-up: 2011.09.15 Vlad STAN at Coaching Support Group Bucharest.
Note: Also see the Yahoo! Group on which I present similar issues: IMRo. To join, email firstname.lastname@example.org and reply to the confirmation email.