How should entrepreneurs think about the economic concept of competition? Is there anything to learn? Is thinking about the concept useful for entrepreneurs running businesses? Hunter Hastings asks Per Bylund to steer us through this thicket. Show Notes: https://mises.org/library/bylund-what-competition The VRIO Method: https://mises-media.s3.amazonaws.com/Alertness%2C%20Discovery%20and%20Capbilites-Based%20Strategy.pdf Lean Startup Canvas (with notes): https://mises-media.s3.amazonaws.com/lean-business-canvas-full.pdf Lean Startup Canvas (horizontal): https://mises-media.s3.amazonaws.com/lean-business-canvas-horizontal.pdf Lean Startup Canvas (blank): https://mises-media.s3.amazonaws.com/lean-business-canvas-horizontal-blank.pdf Economics For Entrepreneurs is also available on... iTunes: https://itunes.apple.com/us/podcast/economics-for-entrepreneurs/id1453233518?mt=2 Google Play: https://play.google.com/music/m/Iz2umketq6fu5npyjpb57b7z2cq?t=Economics_For_Entrepreneurs Stitcher: https://www.stitcher.com/podcast/mises-institute/economics-for-entrepreneurs?refid=stpr Soundcloud: https://soundcloud.com/misesmedia/sets/economics-for-entrepreneurs Spotify: https://open.spotify.com/show/7A1kY8ksk1qL2oNf0i97Zp and via RSS: https://mises.org/itunes/735