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value creation the personal mba the personal mba master the art of business by josh kaufman 1 bestselling business author a world class business education in a single volume learn the universal principles behind every successful business then use these ideas to make more money get more done and have more fun in your life and work buy the book print kindle audio get the audio free chapter 1 value creation make something people want there s nothing more valuable than an unmet need that is just becoming fixable if you find something broken that you can fix for a lot of people you ve found a gold mine paul graham founder of y combinator venture capitalist and essayist at paulgraham com every successful business creates something of value the world is full of opportunities to make other people s lives better in some way and your job as a businessperson is to identify things that people don t have enough of then find a way to provide it the value you create can take on one of several different forms but the purpose is always the same to make someone else s life a little bit better without value creation a business can t exist you can t transact with others unless you first have something to trade the best businesses in the world are the ones that create the most value for other people some businesses thrive by providing a little value to many and others focus on providing a lot of value to only a few people regardless the more real value you create for other people the better your business will be and the more prosperous you ll become key ideas in chapter 1 the 5 parts of every business economically valuable skills the iron law of the market core human drives social status 10 ways to evaluate a market the hidden benefit of competition the mercenary rule the crusader rule 12 standard forms of value form of value 1 product form of value 2 service form of value 3 shared resource form of value 4 subscription form of value 5 resale form of value 6 lease form of value 7 agency form of value 8 audience aggregation form of value 9 loan form of value 10 option form of value 11 insurance form of value 12 capital hassle premium perceived value modularity bundling and unbundling intermediation and disintermediation prototype iteration cycle iteration velocity feedback alternatives trade offs economic values relative importance testing critical assumptions shadow testing minimum viable offer incremental augmentation field testing next chapter marketing the personal mba master the art of business by josh kaufman 1 bestselling business author a world class business education in a single volume learn the universal principles behind every successful business then use these ideas to make more money get more done and have more fun in your life and work buy the book print kindle audio get the audio free about josh kaufman josh kaufman is an acclaimed business learning and skill acquisition expert he is the author of two international bestsellers the personal mba and the first 20 hours josh s research and writing have helped millions of people worldwide learn the fundamentals of modern business more about josh kaufman worldly wisdom ventures llc 2005 2026 worldly wisdom ventures llc all rights reserved the personal mba master the art of business is published by portfolio an imprint of penguin random house all excerpts from the book are published under agreement with the publisher this material may not be reproduced displayed modified or distributed in any way without the express prior written permission of worldly wisdom ventures llc the personal mba is a trademark of worldly wisdom ventures llc privacy disclosures copyright dmca refunds the personal mba book ebook audiobook reading list manifesto
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