Starting A Company

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Hello fellow entrepreneurs, I am looking for some advice. For about 3 moths now I have been wanting to start a company basses on an app revolving around the discounted gift card business that allows people to purchase gift cards at discounted rates. I have shared such said idea with teachers, friends, family, and general people. They all told me that they would definitely use it. My concern however is the competition. I have seen similar applications - so I'm concerned if I should pursue it anyways? I have the funding and skill to developer the idea as well as the supplier. Should I just go for it and see where to takes me? Am I worrying too much about being similar to the competition?

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