Every improvement you make to your Value Stream makes it harder for potential competitors to keep up, creating a Barrier to Competition. By increasin… - Josh Kaufman

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Every improvement you make to your Value Stream makes it harder for potential competitors to keep up, creating a Barrier to Competition. By increasing your ability to create and deliver value in an efficient and effective way, you make it more difficult for competitors to compete with you by doing what you’re doing. Every benefit you deliver and every customer you serve make it harder for competitors to replicate you. Don’t focus on competing — focus on delivering even more value. Your competition will take care of itself.

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For some people (like me), business is more of a creative endeavor — a way to explore what’s possible, help others, and support yourself at the same time. From this perspective, as long as you’re making enough Profit, your business will continue to be successful.

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If you want to be able to bake the perfect croissant, pick up a few good books related to baking and pastries. Instead of reinventing the process, you’ll find existing techniques that have been perfected over many years by the masters of the field. If you see the same technique or process described in multiple resources, chances are good it’s important to know.

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