"**A simple definition of a business asset is anything that is unique to your business and would continue to add value even if any particular person left.** A digital asset fits that description and it can be experienced online, transferred as a file or coded as an algorithm, and the cost of reproducing it once it’s created it is negligible. If you were on a deserted island, the assets in your business would be unaffected in value; if you had access to a smartphone, the digital assets would be ready at your fingertips." ([Location 243](https://readwise.io/to_kindle?action=open&asin=B071L8C8NV&location=243)) --- **Tags** -- [[quotes]], [[assets]] , [[intangible-assets]] **Source** -- [[202407181017 - B - 24 Assets]]