145. What Starbucks, Dunkin', Costco & BJ's Can Teach Us About Dealing With Copycats

Ever wonder why Starbucks seems to be the trendsetter in the coffee world and how Dunkin' has rebranded itself to compete? In this episode, I dive into the world of coffee, exploring how giants like Starbucks and Dunkin' define trends and strategies, and what that teaches us about business differentiation and entrepreneurship at any size. I also draw parallels with Costco and BJs, and how they've adopted each other's successful strategies like adding gas stations and upping their organic game. Join me as I share my personal experiences, intriguing observations, and powerful lessons on how businesses can stand out, push something forward, and thrive in a competitive environment.In this episode, you’ll hear…What we can take away from the way large corporations impact trendsSome interesting stats about Starbucks, Dunkin’, Costco, and BJsWhy you shouldn’t worry about copycats and mimicsIf you’d like a shoutout (and a chance to win a $20 gift card), just leave a review on Apple Podcasts and send a screenshot of it to me on Instagram via DMs!Click here to find the full show notes and transcript for this episode.RESOURCES:Episode 140: We Need To Talk About Dupe CultureGet notified when each episode of On Your Terms® comes outCONNECT:Get Sam's weekly newsletter, Sam's SidebarFollow Sam on InstagramFollow Sam on YouTubeSubscribe to Sam's SubstackTake Sam's free legal workshop "5 Steps to Legally Protect & Grow Your Online Business"DISCLAIMER