In business, it’s better to be the first producer of an innovative product.
It’s definitely a rat race out there. Few days late or even few hours late will give the winning title to your competitor. People will look at the first newcomer’s product before anybody else. They will judge from there. They will remember the first brand name.
Even if you lost in the race, you can still come out with your own product. But it is crucial to make the product better than the first one. If you’re worst or as equal as the first, it is more likely for the customers to ignore you. Therefore you lost the race.
But, you will not lose the race if you’re the first and the best.
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