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”
If you’re angry, it’s important to seek an apology from the person who wronged you. Anger that doesn’t lead to an apology becomes a mere emotional release. Sometimes, it can be more beneficial not to hold on to anger, especially when you can’t expect an apology. Mental management allows you to assess the situation. If you believe an apology isn’t forthcoming, you might find it easier to redirect that anger inward, preserving your dignity in the process. - Joseph’s “just my thoughts”