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In this video clip, Nick Bayer, CEO and founder of coffee and hospitality company Saxbys, explains why you should focus on your own business rather than your direct competitors to effectively compete with them and rise to the top. When big companies make waves in the industry, your business can ride the waves with them as long as there aren't any holes in your organization. So don't get preoccupied with what other people are doing at the expense of your own culture and product.
"We went from focusing on everybody else to focusing on ourselves."
More about our expert: Nick Bayer, CEO and founder of Saxbys, has always been in the business of bringing people together, whether it’s as one of Philadelphia Business Journal’s Most Admired CEOs or as a consummate team captain since Little League. So when he created Saxbys Coffee in 2005, he never really considered it to be a coffee company — instead, it’s a hospitality company fueled by great coffee. Saxbys has since grown from one corner café to a 30-unit, Philadelphia-based hospitality business with a mission: Make Life Better. Nick serves on the board of Big Brothers Big Sisters Independence Region and has been a Big Brother for eight years. He resides in Center City Philadelphia with his wife and son.
YEC members: Discover more great content at education.yec.co.