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by slackoverflower
2957 days ago
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The reality of business is you don't have to be innovative. A lot of successful businesses are not even new ideas. Of course there is the whole concept of the first-mover advantage but in the world of SaaS there is plenty place for competition. Making a 30% improvement on one specific feature of a popular product or service can very well be a business on its own. I think a lot of people get held up on the idea that it's unethical to just steal an idea so they try and start something brand new. Innovative businesses are the riskiest. |
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The CSE I founded (and sold, allowing me to retire comfortably) was neither original, nor particularly innovative in 1997 when I started (pricewatch.com existed etc.), and it's extremely profitable to this day.
There are plenty of good ideas out there and much more existing, profitable businesses in need of a slightly better competitor.