Sep 30, 2026 · 30 min · 11 segments
Sometimes the obvious solution doesn’t work. Just look at the minimum wage. Parental pause point questions: 1\. What is useful about competition? (1:16) 2\. What is the minimum wage? (5:05) 3\…
Victor JoecksHost
What is useful about competition? Now, if you're into sports or play games, you experience competition in the world of business.
But have you ever stopped to think, well, why is it useful? We know what competition is.
And if you are competing in an event, if someone has a competitive spirit, that's certainly an advantage.
But the truth is, is that on game day, Most people want to win and most people are willing to work hard to do so.
What's useful about competition is that it pushes people to try harder when no one is looking.
What makes competition useful isn't the fact that you showed up and wanted to win.
What makes it useful is that you identify, oh, in three weeks, in three months, in three years, I'm going to go to this event And I better be ready.
At practice today, when the coach is saying something, instead of goofing around with my friends, I'm going to listen to the coach and try and put it into practice.
After the game happens, after the competition happens, I'm going to think about what worked and what didn't.
And how can I get better? Competition helps you identify your own strengths and figuring out the best way to use them.
And here's the thing that most people don't think about when it comes to competition.
Because if you find out when you're 15 or when you're 25 or when you're 35 that, oh, yeah, actually, no.
When you get to the end and wonder, I struggled and I struggled and I struggled and I didn't achieve this.
What is useful about competition? Now, if you're into sports or play games, you experience competition in the world of business.
But have you ever stopped to think, well, why is it useful? We know what competition is.
And if you are competing in an event, if someone has a competitive spirit, that's certainly an advantage.
But the truth is, is that on game day, Most people want to win and most people are willing to work hard to do so.
What's useful about competition is that it pushes people to try harder when no one is looking.
What makes competition useful isn't the fact that you showed up and wanted to win.
What makes it useful is that you identify, oh, in three weeks, in three months, in three years, I'm going to go to this event And I better be ready.
At practice today, when the coach is saying something, instead of goofing around with my friends, I'm going to listen to the coach and try and put it into practice.
After the game happens, after the competition happens, I'm going to think about what worked and what didn't.
And how can I get better? Competition helps you identify your own strengths and figuring out the best way to use them.
And here's the thing that most people don't think about when it comes to competition.
Because if you find out when you're 15 or when you're 25 or when you're 35 that, oh, yeah, actually, no.
When you get to the end and wonder, I struggled and I struggled and I struggled and I didn't achieve this.
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