Earlier quoted context omitted.
It has been years since I read it, but iirc the main point was to build businesses that once they are up and running don't require much much work to keep bringing in money. I suspect achieving what he was aiming for is much harder now than it was when he wrote the book, as the barrier to entry to starting businesses goes down and the competition continues to rise. But I think there is still something to be said for t…
Also known as selling something at an inflated price and hoping that no one will undercut you.
What if someone works 30 hours a week performing a service which is not yet automated, but uniquely theirs, like their own standup comedy.
Contrast that with the replicable software example.