I always read the posts, but almost never participate, but yesterday was a really paricular day for me and talking to my brother, he gave me the idea of sharing the situation here to improve with the insights that you can provide me.
Here´s the deal, we (my brother and me) are working for some time in bringing an idea that´s already working in the US, to our country, Argentina.
After a looot of work, we are really close to the MVP, to validate the idea and keep working after that.
But the "mental meltdown moment" was because there´s a company that does exactly the same, and it´s starting in my city next week...
It´s also a new company, it´s been around only for 8 months, but the thing is that a "competition" appeared in the worst time, because we´re just learning to walk and I feel that someone is already running around us... with exactly the same idea.
I talk to a entrepreneur friend, he told me that competion can be good, because I can see what they do and try to do it better, other told me that I can wait to see how they move before going into the market...
And to be honest, I have no idea what to do, it felt like a huge punch in the face the timing of all this, so I´m asking you for recomendations and experience about how to work this out, I was so blue yesterday that I even thought of letting go.