Of course, it's okay to do market research and understand the landscape of your industry and the other players within it .. but don't allow yourself to dwell or get sucked into the noise of what everybody else is doing. If you wanna be the best entrepreneur, focus on building your own building .. not what's going on at someone else's. You are your biggest competition!! Get your mindset right and you will win .. no matter what competitors are doing!

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Gary Vaynerchuk is a serial entrepreneur, and serves as the Chairman of VaynerX, the CEO of VaynerMedia and the Creator & CEO of VeeFriends.
Gary is considered one of the leading global minds on what’s next in culture, relevance and the internet. Known as “GaryVee” he is described as one of the most forward thinkers in business – he acutely recognizes trends and patterns early to help others understand how these shifts impact markets and consumer behavior. Whether its emerging artists, esports, NFT investing or digital communications, Gary understands how to bring brand relevance to the forefront. He is a prolific angel investor with early investments in companies such as Facebook, Twitter, Tumblr, Venmo, Snapchat, Coinbase and Uber.
Gary is an entrepreneur at heart — he builds businesses. Today, he helps Fortune 1000 brands leverage consumer attention through his full service advertising agency, VaynerMedia which has offices in NY, LA, London, Mexico City, LATAM and Singapore. VaynerMedia is part of the VaynerX holding company which also includes VaynerProductions, VaynerNFT, Gallery Media Group, The Sasha Group, Tracer, VaynerSpeakers, VaynerTalent, and VaynerCommerce. Gary is also the Co-Founder of VaynerSports, Resy and Empathy Wines. Gary guided both Resy and Empathy to successful exits — both were sold respectively to American Express and Constellation Brands. He’s also a Board Member at Candy Digital, Co-Founder of VCR Group, Co-Founder of ArtOfficial, and Creator & CEO of VeeFriends. Gary was recently named to the Fortune list of the Top 50 Influential people in the NFT industry.
In addition to running multiple businesses, Gary documents his life daily as a CEO through his social media channels which has more than 34 million followers and garnishes over 272 million monthly impressions/views across all platforms. His podcast ‘The GaryVee Audio Experience’ ranks among the top podcasts globally. He is a five-time New York Times Best-Selling Author and one of the most highly sought after public speakers.
Gary serves on the board of MikMak, Bojangles Restaurants, and Pencils of Promise. He is also a longtime Well Member of Charity:Water.

It's not very hard to reverse engineer a business. What's hard is the process. and for us, a lot of us as entrepreneurs you're competing with yourself. The amount of energy entrepreneurs put into the people they compete with is one of my most interesting things that I spend time on.

There is nobody that is taking your growth away from you. You do not have one competitor because the world is not a zero-sum game. The the thing that's holding people back from building a bigger businesses themselves because if you're spending six hours a day worried about your competitor, well, they've already accomplished their goal. If you spend zero, you now have allocated all your time to building what you want to build.


10 thoughts on “How much should you focus on your competition?”
  1. Avataaar/Circle Created with python_avatars Lifting And Coding says:

    I'm only in comparison with myself

  2. Avataaar/Circle Created with python_avatars Bolesław Dąbrowski says:

    If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.

  3. Avataaar/Circle Created with python_avatars Abdullah Shaikh says:

    Hey can we have collaboration?

  4. Avataaar/Circle Created with python_avatars Tony Krznarich says:

    Exactly

  5. Avataaar/Circle Created with python_avatars GaryVee says:

    Of course, it's okay to do market research and understand the landscape of your industry and the other players within it .. but don't allow yourself to dwell or get sucked into the noise of what everybody else is doing. If you wanna be the best entrepreneur, focus on building your own building .. not what's going on at someone else's. You are your biggest competition!! Get your mindset right and you will win .. no matter what competitors are doing!

  6. Avataaar/Circle Created with python_avatars Save Millk says:

    Entrepreneurship milk

  7. Avataaar/Circle Created with python_avatars Wayne Lambert says:

    100%

  8. Avataaar/Circle Created with python_avatars Erik L. says:

    Very true but make sure to stay competitive in SEO 😂 don’t leave that one out

  9. Avataaar/Circle Created with python_avatars Hexus says:

    That is take that I am yet to see from anyone else, appreciate your insights.

  10. Avataaar/Circle Created with python_avatars Yvette Le Blowitz says:

    Love your words of wisdom Gary Vee! You are an absolute Legend 🎉

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