Numbers and Management: Without numbers, a business can’t grow beyond a certain point. Here’s a simple example: imagine you go to the bank to get a loan because you don’t have enough cash for your operations. To qualify for a business loan , you need financial statements like balance sheets . Banks don’t lend based on looks or abilities but decide if your current financial situation is promising for the future. It’s hard to get a loan if you don’t tell a story with numbers. If you rely solely on bank deposits , you’ll spend what you have or borrow if you run out. That keeps your business running as it is, but without verifying your creditworthiness with numbers, don’t even consider borrowing from the bank. Good debt can create leverage, but bad debt can wipe out even your past gains. - Joseph’s “just my thoughts”
While your efforts may have been sincere, claiming success due to those efforts is misleading. The Law of Equivalent Exchange suggests that behind my achievements lie the sacrifices of others, known or unknown to me. We should approach discussions of success with humility and avoid glorification. Neglecting the Law of Equivalent Exchange often leads to the onset of corruption. When considering the sacrifices made by others, we ought to refrain from celebrating our successes based solely on our dedication and hard work.
- Joseph’s “just my thoughts”
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