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. Zero to One: Notes on Startups is a book by Peter Thiel, a famous American investor, and entrepreneur.
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