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”
An effort is not meaningless in itself, but it does not guarantee progress. Instead, progress is a result of time. Effort leads to progress over time. At this point, there’s a premise: time-flow! Some things can only be seen with age. The passage of time transforms both the world and myself. I simply need to make an effort to adapt to the world’s changes. After all, effort equates to persistence.
- Joseph’s “just my thoughts”
Comments
Post a Comment