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Reap The Benefits Of Competition And Don’t Rest On Your Laurels!

Reap The Benefits Of Competition And Don’t Rest On Your Laurels!

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When you’re successful, it’s natural to want to rest on your laurels. Resist that urge and recognize that there’s more success to be had. In this video, I talk about using the benefits of competition to help you continue to improve long after it seems you’ve made it to the top.

Which of these is harder to achieve, and what should you strive for – being better, or being the best? I say better always beats best.

One of the benefits of competition is being neck and neck with others and knowing that you have to act if you want to get ahead of the pack. You emulate those successful people in front of you, and you work hard to outperform them.

By contrast, when you’re #1, you’re on your own. You don’t have anyone to look up to. You have to do all the trailblazing and find all the answers yourself.

Once you’ve achieved success, you can’t simply rest on your laurels and expect to remain on top. There’s an early warning indicator for failure – success. You may think you’ve made it, but things change. The factors that led to your current success might not apply in the future. You only know what worked yesterday.

In my video, I point to Kodak as an example of a company unwilling to improve. Kodak’s downfall wasn’t the advent of digital cameras; in fact, Kodak pioneered digital cameras. The company’s problem was that they ignored the inspirational benefits of competition – they failed to get better or do more. They had the knowledge but lacked the drive to apply it.

Do yourself a favor and don’t rest on your laurels. Strive to become better even after you’ve become the best.

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