TANDA Digital Logo
Tudor Dumitrescu Profile Image

Bad Entrepreneurs Invent, Good Entrepreneurs Copy, Great Entrepreneurs Steal


Most people start in business without a clue about what their competitors are up to, how they’re getting customers, what they’re promising them, and how they’re fulfilling that promise.

New entrepreneurs tend to be concerned with their idea, especially with creating something truly unique or selling a unique product in eCommerce. And there’s nothing wrong with that, however, it’s much harder to stumble on the right approach and succeed in that manner.

Think about being asked to choose between two pills to cure a cold. One pill has never been tested before, but a group of world-class scientists thinks it will provide a complete and rapid cure based on their own expertise. The other is a traditional pill given during colds, that provides relief, and helps your body fight the illness, and it has been given to millions of patients already, without many problems.

Which one would you choose?

See, when it comes to health, most people go for the safe choice. But not so in business, especially with first-time entrepreneurs. Everyone goes for creating the “next big thing”, but of course, 95%+ fail.

Bad Entrepreneurs Invent

Now there’s nothing wrong with invention. It’s actually a great thing. But the word is dangerous, since most people tend to associate it with creating something from nothing, rather than standing on the shoulders of giants.

See, we have the wrong image of what an inventor is. We imagine that inventing is about creating something completely new, whereas in practice, it’s more about re-combining existing things to solve existing problems.

For this reason most new entrepreneurs tend to be bad entrepreneurs. They spend their time creating the “next big thing” that no one thought of before and they consider that once they build it, the masses will adore their invention and make them rich. Of course, this rarely, or almost never, happens.

What tends to happen is that nobody actually cares about the invention once it’s made. It’s either not useful to them, it requires too much sacrifice, or it appears to be too much of a risky proposition. Or even worse, the entrepreneur does not know how to sell or market it.

The result is failure. At this point, most who have tried their hand at entrepreneurship, drop their cards, and leave the playing table forever. However, some do remain and keep playing for another hand. Those who become good entrepreneurs, learn from their initial foolishness. This time, they check what is already selling.

Good Entrepreneurs Copy

And they end up copying their competitors. Why invent something new, when something is already working? There is some logic in this approach, and usually these entrepreneurs end up having a modicum of success.

When you look at your competitor, analyze their funnels, see what products are selling and copy their approach, you’re bound to end up with something that works… afterall, that’s why your competitors are investing money in it. It’s working.

However, there is a problem hidden in this approach. It usually leads people to build a “me-too” business. It leads to them becoming followers rather than leaders, which cripples their growth and puts a cap on their success.

Many of these owners end up building a job for themselves, a business that takes a lot of time, and has small margins. It enables them to build a living out of it, but they can’t take it to the next level and create true wealth.

Real wealth is for the “thieves”…

Great Entrepreneurs Steal

Before you get any ideas… by “steal” I do not mean illegally appropriating the property of others. Rather I mean that instead of just copying, you copy what works and make it better. You make it your own. You care about it. You improve it.

You see, the fact is that most great businesses out there weren’t built on unique ideas. They were just great ideas with much better execution. Whether you look at Facebook (against MySpace) or the iPod (against Creative Zen), the entrepreneurs behind them were keenly aware of what their competitors were doing.

But they weren’t satisfied to simply copy it. They wanted to steal it – to make it their own, and make it even better. And that is what led them to execute better than their competitors, and become LEADERS, not followers.

A leader isn’t someone who ignores the competition and thinks they have all the right answers. A leader is someone who keeps an eye on the competition, but also watches the road ahead (the market’s demands). They take what’s good from competitors and make it even better, satisfying even more unmet needs.

The Shortcut to Your First Business Success

The truth is that you don’t have to start as a bad entrepreneur, become a good entrepreneur and then finally a great one. That is how I initially started, and it does take a long time. You can jump straight to being a great entrepreneur now that you have the shortcut.

And here’s how: don’t jump into business without doing an in-depth analysis of your competitors, and identifying a gap in the market that can show you how to improve upon what your competition is already doing. Start by becoming the leader right away, don’t postpone it.

If you’re already in business, then it will greatly benefit you to go back and do this analysis as well. You may discover new areas where you can improve and beat the competition. And doing so will be key to growing your business.

The fastest way to do this is to use a proven competitor research & market analysis process. Inside my direct response agency I use a 360 Degree Competitor Analysis to discover the competitors of all the clients who hire us.

It enables you to go through a proven process that identifies the key parts of the funnels your competitors are running, where their weaknesses are, and what you can do to improve upon them. Once you go through the process, you have the perfect foundation for building a solid funnel that has the potential to make you a lot of money.


So remember, whatever you do, take the shortcut: study your competitors and then make sure you do better than them. Don’t go blindly into the market with “the next big thing”, and don’t just copy them. Do it better.

Looking to Add Predictable Growth to your Business?

Hey, thanks for reading this article, I hope you got great value out of it. I'm the founder of TANDA Digital, Tudor Dumitrescu (click to follow me on LinkedIn) and I've made it my mission in life to empower 25,000 business owners to grow with confidence through systematic improvements in their business development processes.

If that sounds like something you want, there are 3 ways for me to help:

1. Download Our Outbound Sales LinkedIn Playbook™

To sample one of our business development strategies, you can get our LinkedIn Playbook™. I've used these tactics to bring in as many as 24 new clients in a single month for ourselves, and the 800+ companies who have tried it were impressed by the results. Get it here.

2. Attend One of Our Free Workshops

Every month I run one of two workshops. One for beginners, which I define as companies making less than $10K/mo and one for more advanced businesses who are already making $10K/mo and looking to take it to $100K/mo.

The Ascendancy™ Workshop is for agencies making less than $10K/mo who want to lay up a 7-figure foundation for their business. You will get worksheets and you will work together with me to apply the NPOT Methodology™ to choosing your niche, crafting your offer, defining your positioning, and working on your pricing & guarantee strategy.

The N³ Growth Model™ Workshop is for companies making more than $10K/mo who want to install a marketing system that will take them to $100K/mo. You will get worksheets and you will work together with me to apply the growth model into your business by refinining your Network Expansion, Nurturing and Negotiation processes to close big deals even during recessions.

3. Let us build a custom GDPR-Compliant Business Development System for you

If you want to go really fast and get big results ASAP, then the fastest path is to work with us to build a custom solution suited to your needs. You can contact us below for that:

Click to Share:


Get Growth Tips In Your Inbox & Download our LinkedIn Playbook

Please refer to our Privacy Policy for details of how and why we process your data. 

Share This Post

More From Our Business Growth Blog


Picture of Tudor Dumitrescu

Tudor Dumitrescu

Leave a Reply

Your email address will not be published. Required fields are marked *

Access a Detailed Case Study Showing How We Built a $50,000 Pipeline for an Agency in 2 Months
Please refer to our Privacy Policy for details of how and why we process your data.
Tell Us More About You...

Fill in the form and then book a time!

TANDA Digital collects the above information in order to be able to process your inquiry and contact you. You can opt out of all communications at any time. To learn more about how we process your data, read our Privacy Policy.