One of the biggest reasons why businesses don’t scale is because they are distracted by what their competitors are doing!  In this episode, Adam Strong discusses how to turn competitors into allies. He emphasises the importance of seeing competitors as collaborators rather than threats. By focusing on the synergies and learning opportunities with competitors, businesses can create win-win scenarios. Adam suggests offering services that complement competitors' offerings and testing small collaborative projects. He also highlights the need for clear expectations and boundaries in the relationship. Ultimately, businesses must take the initiative to approach competitors and initiate collaboration. Takeaways See competitors as collaborators rather than threats Focus on synergies and learning opportunities with competitors Offer services that complement competitors' offerings Establish clear expectations and boundaries in the relationship Take the initiative to approach competitors and initiate collaboration Special Invitation: Join Our £5.8K-£25K/yr Mastermind at ZERO Cost!  (Exclusive to 10 Visionaries Only!) Join our waitlist here for early access to our next cohort: https://bit.ly/business-mastermind-waitlist Chapters 00:00 Introduction and Purpose of the Session 00:57 The Concern of Competitors as a Distraction 02:50 Seeing Competitors as Collaborators 03:50 Understanding the Synergies with Competitors 04:48 Learning from Competitors 05:46 Complimenting Competitors' Offerings 06:15 Creating a Win-Win Scenario 07:12 Problem Solving with Competitors 08:08 Learning from Competitors' Strengths and Weaknesses 09:05 Offering Services to Competitors' Clients 10:03 Testing Small Collaborative Projects 12:00 Establishing Clear Expectations in the Relationship 13:00 Setting Boundaries and Accepting Expectations 13:59 Taking Initiative to Approach Competitors 15:25 Summary and Closing Remarks 🙏 How To Support The Business Strategist 🎙️ Subscribe, listen and leave a review on 👉 Apple, Spotify Help us to make a bigger impact by buying me a cup of tea 👉 https://www.buymeacoffee.com/thebusinessstrategist Tag us and share the show with your network Have you got a plan for scaling up? If not, take the business growth quiz here for FREE: https:/howtogrowabusiness.scoreapp.com ABOUT THE HOST LinkedIn: https://www.linkedin.com/in/adamistrong Have you got a plan for scale in 2024? If not, take the business growth quiz here: https://howtogrowabusiness.scoreapp.com Get early access to the game changers inner circle business mastermind go to https://bit.ly/business-mastermind-waitlist for more info Learn more about your ad choices. Visit megaphone.fm/adchoices