A short YouTube monologue by Omar Zenhom advising entrepreneurs to view competition as a positive signal rather than a threat. He argues that multiple competitors validate a market and that being first is not required for success; focusing on serving customers and improving the product allowed his company, Webinar Ninja, to grow into a multimillion-dollar business and be acquired.
If you see someone winning, it doesn't mean you're losing. Okay? That's a zero sum game mentality where you think that there can only be one winner. No, you can win and somebody else can win. You know, that means the market's working, and that's a good sign. When I launched my software company, Webinar Ninja, there were already a ton of webinar tools and a lot of tools coming out as I was growing it. But I didn't say, well, I guess I'm too late, or I guess I should just pack up my business because somebody else came out with a similar product. I said, great, this market is proven. Let me make something better for my people today. That decision helped us build a multimillion dollar business so valuable, it allowed us to be acquired not because we were first, but because we didn't get distracted.
