To be a monopoly is to enjoy no competition and to have market dominance over your niche or product type. To the entrepreneur, a monopoly is the finish line. Thus, maximizing efficiency involves focusing most of your efforts on improving the producing 20% of your product or business model and ignoring the other 80% as much as possible. Many self-help and financial books also use this rule to demonstrate the universal truth: 80% of your profits or yield will be produced by 20% of your customers or products.

This way is the only consistent method behind monopoly creation. Instead, the truly successful will put all of their effort behind one unique idea or business plan and throw all of their weight behind that effort. Peter Thiel claims that successful entrepreneurs will not spread their efforts too thinly across a diverse portfolio of different business ideas or backup careers.

A 3 Minute Summary of the 15 Core Lessons In it, he describes the major ways in which you can be a successful entrepreneur and how to craft the best company you possibly can. At the end, there was too much focus on trivial and uninteresting things like how founders are eccentric – may be he wants to show the audience that how cool he is.Zero to One: Notes on Startups is a book by Peter Thiel, a famous American investor, and entrepreneur. And goes on to sell his product, his current investment to the readers – not sure how many realised this. Says the real selling is when customers are not even aware that the selling is happening. The author emphasizes the importance of salesmen. I have come across this measure of monopoly for the first time. Discusses mostly about monopoly – and a definition for it. The book gives a completely new perspective on how businesses should be run or rather on what basis one should even start a company. In Zero to One, legendary entrepreneur and investor Peter Thiel shows how we can find singular ways to create those new things. The great secret of our time is that there are still uncharted frontiers to explore and new inventions to create.

Zero to one pdf download