I found a nice post over on Hrush’s ClearTrip blog about how entrepreneurs ought to treat competition.
You can never be paranoid enough about the competition. Assume they’re all out to get you at every turn, that they’re smarter, richer, quicker, and better looking than you are. Live in fear of them eating your lunch — Matt Blumberg, Founder & CEO, Return Path
Even in the face of massive competition, don’t think about the competition. Literally don’t think about them. Every time you’re in a meeting and you’re tempted to talk about a competitor, replace that thought with one about user feedback or surveys. Just think about the customer — Mike McCue, CEO Tellme Networks, Former VP of Technology Netscape
Competition starts at $100 million — Glenn Kelman, CEO Redfin
Being fiercely competitive is fine, you can hate that your competitors are performing better than you, and you can be hyper-paranoid about what might happen to your business, but the best way to compete in the market is to focus on those things you can strive toward independent of what anybody else does — Dick Costolo, Founder, FeedBurner
Assume you have 30 competitors. Assume half of them have more money than you. Assume they’re ahead of you. Don’t worry when they launch before you do. Every overnight success story is the result of years of sustained, focused execution. If you want to be #1, ignore the competition — Nivi, Entrepreneur in Residence at Atlas Venture
As always, all of us here at BookEazy are hard at work at building a business that will stand the test of time and provide endless customer delight.