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Just my thoughts #0808

Partnership: We can’t operate alone. Transactions involve counterparties. Ultimately, business is about establishing and managing relationships with others. Without mutual benefit, trade falters and conducting business becomes difficult. When starting a business, keep a partnership in mind. The key to a partnership is “how to share,” not “how much to earn.” If the distribution isn’t rational, distortions will occur within the organization, which can harm the bottom line. Failing to distribute fairly or according to the situation increases the risk of business failure. Breaking up with a partner might seem better sometimes, but the core conflict remains; only it shifts from internal to external. To succeed in business, focus on distributing profits effectively rather than solely increasing them. Learning to distribute well is essential. - Joseph’s “just my thoughts”
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Just my thoughts #0144

Extending a loan is buying time with money. However, banks turn time into money. Purchase time with cash makes you poor, but changing time with money makes you rich. To pay off your debt, you have to change your time into cash and buy money (debt) with that money. All economic activity is an attempt to turn time into money.


- Joseph’s “just my thoughts”




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Just my thoughts #0039

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