How to be a successful entrepreneur
I recently read the book Zero to One by Peter Thiel. In the book, Peter was arguing about how startups should approach their way to success in the marketplace.
Moreover, he talked about, why gaining a monopolistic edge and avoid competition is the best way to start up a business; and a lot more valuable information.
It's an intriguing read I highly recommend it.
If you want more insights about the subject, click on the link below.
It will redirect you to my blog to read a more in-depth article.
https://ksiemen.com/how-to-be-a-successful-entrepreneur/
And if you want a 1-Page summary of the most important insights from the book, click on this link.
I hope you find this article helpful!
Have a blessed day.
*NOTE: The website is new, and it's under development. You may see some pages are empty and some buttons that aren't working. And as more content being created things will start working just fine.
Thank you for your time.
Recent Comments
5
I agree. To avoid competition in the world of free trade how would you do that? Except you created your own and no one could copy or duplicate it. Because you closed all the possible ways. Interesting thoughts. But also something wrong with that idea!
It is an interesting idea, but not suited for anyone in the business here. This is why we have the keyword tool here, with which we can find out the competition.
@siamjerry
Yeah, I understand that it's not suited from an SEO aspect especially if you focus on affiliate and content marketing and so on.
But the point is that not all the businesses are online-based so that they become dependent on keywords strategy to survive.
I believe that there are a lot of people here who have offline businesses that they want to improve.
So the purpose of the article is to help all types of entrepreneurs online, offline, morter and bricks, etc.
I hope that I understand your point well, and also hope that I was able to get my point across correctly.
Have a blessed day.
@megawinner
To escape the competition, you have to look for the secrets as mentioned in the book.
And as entrepreneurs, that's what we have to do. And that requires us to do a lot of deep thinking and observation.
I believe there is no such thing as free trade.
Despite that, we're able to do business with different ventures around the world, (especially offline business, and online businesses that distribute physical products).
yet still, governments trying to impact any kind of trade through legislation that benefits their interests.
I believe free trade (at least as I understand it) means that if I and you are conducting business together and we agreed upon all aspects of our contract; there's no need for a third party to interferes.
At the end of the day, everyone who's starting a business is ultimately aiming for profits. These profits need to be as high as possible and as long as possible.
So I believe it makes a whole lot of sense to think monopoly. It's hard to compete with Facebook now for instance.
I hope you can help understand more stuff, and clarify what was wrong with the idea.
Thank you.
First what is a Monopoly? - the exclusive possession or control of the supply of or trade in a commodity or service.
There are good and bad about this. Monopoly is when you monopolized - which means in full control of the market for your product, competition is stifled. And when there is no competition, price and quality suffer.
For a free market like for instance cp: iPhone, Samsung, Alcatel, Sony, Huwaei are competing, naturally they will give the best quality and price to get a bigger slice of the market. There are choices.
In any given country who has a Monopoly do you think the quality is maintained the way when there are many players in the same industry? And worse, they can dictate the price... because there are no other choices. People are forced to buy the same.
For the business owner of a Monopolized product, it is good, very good.
As a businessman yes, as for mr I do not buy this philosophy, free market is better.