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Hockey Drill Teaches Entrepreneurship
- Seth Godin shared a story about playing hockey as a kid, where he cleverly slowed down in a drill to gain an advantage.
- He learned the importance of knowledge, ability, and willingness to endure hardships, which parallels entrepreneurial challenges.
Monopoly Means Unique Value
- Successful businesses create a monopoly on something unique that others can't replicate.
- Building a monopoly now often means being at the center of valuable connections, not just making things cheaper or better.
Freelancer vs Entrepreneur Roles
- Know whether you are a freelancer or an entrepreneur; this distinction is critical for business growth.
- Avoid hiring yourself for cheap work; instead, focus on tasks only you can do to scale effectively.