34 - Is It Worth It To Study Your Competitors' Compliance Practices?

<p><span style="font-weight: 400;">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</span> <a href= "https://directory.libsyn.com/shows/view/id/compliancethatmakessense"> <span style="font-weight: 400;">Compliance That Makes Sense</span></a><span style="font-weight: 400;">.</span></p> <p><span style="font-weight: 400;">If you enjoy this episode, please share it with friends, leave comments and reviews, and join the conversation. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[00:33] Hello my friends, how are you today?</span></p> <p><span style="font-weight: 400;">[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.</span></p> <p><span style="font-weight: 400;">[03:45] Listen as I share why I believe these questions are irrelevant.</span></p> <p><span style="font-weight: 400;">[05:16] There is no such thing as parity in compliance!</span></p> <p><span style="font-weight: 400;">[07:36] Compliance or regulatory framework work as a puzzle.</span></p> <p><span style="font-weight: 400;">[08:35] I share a much better set of questions to ask.</span></p> <p><span style="font-weight: 400;">[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.</span></p> <p><span style="font-weight: 400;">[11:32] I hope this has been helpful.</span></p> <p> </p> <