What if you could fulfill your transaction benefits (considerations) in various ways, including fiat money? Have you ever wondered what the consequences for your business would be if you could fulfill your benefits in ways other than cash? For instance, let’s say you are a shoe manufacturer. To make shoes, you must purchase raw materials like leather and process them into finished products known as shoes. At this time, if you can pay for raw materials with the finished shoes you made instead of fiat currency, you wouldn’t need to take out a loan with interest from the bank. However, the world’s economic system has limited the standard of value exchange to ‘cash,’ commonly referred to as fiat money. We need to understand precisely why banking is so important to entrepreneurs. This is one of the reasons the industry does not surpass finance. After all, money is among the goods whose value is determined by supply and demand. - Joseph’s “just my thoughts”
The most important thing in product design and development is “imagination.” While others developed laptops to fit the size of the battery, Steve Jobs imagined a laptop that could fit in an envelope. Then he pressured the battery company. If no technology was available in those days, he would wait. He traveled around the world in search of technology that matched his imagination. He envisioned putting a workstation (OS•X) in a cellphone and developed it for 3 years, but when Apple couldn’t deliver, he demonstrated it by connecting it to a separate workstation. It was a scam, but no one criticized him. - Joseph’s “just my thoughts”