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Just my thoughts #0752

An important aspect of understanding your business ecosystem is knowing your position within it (positioning), whether you hold a higher or lower (subordinate) role, and whether your offerings are substitutes or complements. Netflix started as a DVD rental service. With the rise of online streaming, Netflix saw it as a replacement for DVD rentals. Kimbap and Ramen are complementary goods, but Ramen and Udon are substitutes. This is why, even when setting up a snack bar, paying attention to the menu is crucial. Complementary goods increase sales, while substitutes are more likely to lead to no change or even a decline in sales. - Joseph’s “just my thoughts”
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Just my thoughts #0032

Love may appear as a sacrifice, but the sacrifice is not love. This is because we must determine whether there is a price behind the sacrifice.


Doing good and right doesn't mean you don't get hurt. I get hurt because I'm alive. Therefore, to be afraid of being hurt or to avoid being hurt is the most cowardly act in life.


- Joseph's "just my thoughts"




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