justin0469

Competition is good but how much is too much competition to enter a market?

I had an idea for a business with a relatively small number of barriers to entry and knew of a couple competitors. In doing more research, there are 5 national competitor with big contracts already. Sure there's nothing like it locally but why would someone take my product over that nationally available product once they realize it's available?

I've talked to many random people and they love the idea and have no idea about any competitors. is it ok to work on a product and investor pitch making it clear the plan is to be bought out by a competitor?

EDIT: we're having some good comments here, can we get this out to more people? I greatly appreciate the feedback so far.