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The 5 parts to every business: The Personal MBA by Josh Kaufman

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      Lesson summary:

       “The Personal MBA” by Josh Kaufman, the presenter conveys the importance of understanding fundamental business concepts without necessarily pursuing an MBA. Kaufman, once an assistant brand manager at Procter & Gamble without an MBA, was inspired by the self-taught business expertise of Charlie Munger, Warren Buffett’s business partner. Kaufman identifies a quintessential five-part business framework: value creation, marketing, sales, value delivery, and finance. Each segment is vital, and lacking in any one can detrimentally affect a venture’s success. The book recommends adopting this framework to grasp any business’s nuances and highlights the significance of meeting and exceeding customer expectations.

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