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”
Courage and brazenness , which ordinary humans often lack, are essential assets for beggars . Courage —especially the kind that others cannot easily afford —holds significant value. This value stems from the essence of courage itself rather than its rarity. We need brazenness when we owe others for a time, yet we must act for ourselves, even at the cost of feeling remorse . Thus, intangible assets like courage and brazenness can replace tangible assets such as cash. Let’s not despair over our lack of material possessions. This does not imply that we should be beggars ; rather, it suggests that there are many models in the world to follow . - Joseph’s “just my thoughts”