Misner's solution is simple: Don't pay attention to competitors. Success in business is about constantly improving your product or service, team and culture. If you focus on these aspects, you'll improve your position in the marketplace.
Focusing on the fundamentals of your business, keeping up with metrics and constantly sharing your core values as an organization are a few ways that you can improve your business. But whatever you do, don't obsess over what competitors are saying about you. If you keep bettering your own business, you'll have no need to fear your competitors, Misner says.
To learn more, click play.
Watch more videos from Ivan Misner on his YouTube channel here.
Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.
Click here to become a part of this growing video network.