Today I want to talk to you about competition, how important your competition is, and more specifically, how much time I feel you need or don’t need to spend studying your competitors when it comes to compliance. Sometimes my clients would ask me, do you know how my competitor is doing this or that? Or how is it possible that they can offer this service or product in this market? I understand the questions that are behind them, like, am I missing something? Am I missing an opportunity? So listen as I try to break this down and discuss my feelings on these questions, plus much more on this episode of Compliance That Makes Sense.

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Today’s episode:

• [00:33] Hello my friends, how are you today?
• [03:00] Because the questions about competition and how much you need to study your competition have become so interesting, I dedicated this episode to them.
• [03:45] Listen as I share why I believe these questions are irrelevant.
• [05:16] There is no such thing as parity in compliance!
• [07:36] Compliance or regulatory framework work as a puzzle.
• [08:35] I share a much better set of questions to ask.
• [10:26] You always have to start with what is my problem I want to solve or what is my product or service I want to offer and where.
• [11:32] I hope this has been helpful.

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