You have a great idea.
You have the ability to implement
You know there is a market.
You have access to the market.
It’s something you are passionate about.
Everything seems great until, after a lot of research, you find someone is doing something very similar.
Do you stop and think “man, that could have been great” or do you think “it’s a big market and it took me a long time to find the competitor so it might still be worth pursuing”.
As big as Coca Cola is as a company, there is plenty of room for Pepsi and many others. As big as McDonalds is, there is plenty of room for Wendy’s and many others.
There certainly are issues to consider including, patents, copyrights, etc but just because you aren’t first to market doesn’t mean you can’t be best in the market.
Just something to think about.
Have a great day!