The main reason why PETER THIEL wrote this book to bring a mindset in people that they should start to go from 0 to 1 instead of going from 1 to n for this he stated that. “THE NEXT BILL GATES WILL NOT BUILD AN OPERATING SYSTEM.THE NEXT LARRY PAGE OR SERGEY BRIN WON’T MAKE A SEARCH ENGINE. IF YOU ARE COPYING THESE GUYS , YOU AREN’T LEARNING FROM THEM.
IT’S EASIER TO COPY A MODEL THAN TO MAKE SOMETHING NEW DOING WHAT WE ALREADY KNOW HOW TO DO TAKES THE WORLD FROM 1 TO N , ADDING MORE OF SOMETHING FAMILIER. EVERY NEW CREATION GOES FROM 0 TO 1.”. By these lines PETER THIEL want to convey you the problem that every business today has they are not innovating and if you are not innovating you will surely die in business one day.
START TO GO THROUGH MONOPOLY IN BUSINESS INSTEAD OF COMPETITION
The best way to grow your business is to join other business the more creative are in making relationship with your rivals the more profit you can generate from a large market PETER THILE. He tells it by the example that U.S. airline companies serve millions of passengers each year. For example, U.S. airline companies serve billions of dollars of value each year . But in 2012 , when the average airfare each way was $178 , the airlines made only 37 cents per passenger trip. Compare them to GOOGLE , which creates less value but captures far more . GOOGLE bought in $50 billion in 2012 (versus $160 billion for the airlines ) , but it kept 21% of those revenues as profits – more than 100 times the airline industry try’s profit margin that year.
GET YOURSELF SKILLED FOR FUTURE
Today everyone wants degree but one wants skill will always succeed in his life even without a degree because he or she can use skills to make their space. In this wider world everyone is good at something so get yourself trained for your competitions not for tests.
SEE MARKET WITH YOUR DREAMS
If you can see market in that business which you have dream of you can succeed very easily . In any field most of the startups today follow their dreams without knowing there actual market as this type of analysis gives you the type of people you have to reach to as to maximize profit. So identify your market and get your product to your actual customers.
At last thanks for reading this.