The physical value of a book is a measurable cost of paper, printing, and labor charges, but estimating the value of the book’s contents is difficult. Most intangible values are similarly challenging to assess. We purchase the intangible value of a book at its physical price. When revenues are generated, the added value produced can be realized. These revenues arise solely from sales, which are based on price, not value. In essence, there is always an imbalance between price and value, and this imbalance determines whether one is wealthy or poor. Management is the act that shifts this imbalance in my favor. - Joseph’s “just my thoughts”
The more startups you have, the more you need to learn and practice. Many startups avoid learning because they are busy and have a lot of work. Knowledge determines structure, and managing is the process of building that structure. However, to create that structure, they do not make the effort to acquire knowledge. Just as you must eat bread one bite at a time, even when you have plenty, sincerity will gradually and steadily lead to knowledge and the establishment of structure. It is important to remember that the consequences can be severe if you neglect a bit of sincerity due to feeling overwhelmed by your environment and circumstances. - Joseph’s “just my thoughts”