Business Growth Plan: Don’t be a copycat

Over a three-week period,?we are publishing?daily tips?from Britain’s fastest-growing companies on how to grow your business.

To truly establish yourself in a market, you need a unique proposition. Today’s tip in our three-week Business Growth Plan? Don’t be a copycat.

?When looking to disrupt a market, look where customers are getting a raw deal,? says Errol Damelin, the founder of Wonga.com. ?It?s harder work, but it?s better than having a copycat business.??

Being an innovative business in a stale market is what made Wonga successful, he adds.?

?There were already companies out there disrupting other markets, but not in short-term borrowing ? that?s our space.?

By carving out your own niche, you’ll create your own successful industry, rather than trying to compete against more established players.

Share this story

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Close
Menu
0
Would love your thoughts, please comment.x
()
x
Send this to a friend