Founders often start a business without understanding their profit model. People are more likely to fail because they only think, “I have to work!” and don’t truly grasp how and why they can make money from it. They don’t understand the concept of capital, meaning the basic funds, nor do they understand the founder’s equity. They have heard the terms often but don’t really know their meaning or importance. They don’t recognize it, although they may have heard of it a lot. You start a business and partner with others without knowing whether your return is the reward for taking risks, giving up current interests, or sacrificing competitors. Understanding this is a fundamental part of entrepreneurship. Yet, in reality, they run their business without considering these issues simply because they need to work and can do so at the moment. - Joseph’s “just my thoughts”
No matter how much honey you have, honey alone cannot attract bees and butterflies. The scent may be invisible, but it exists, and it brings life. As a result, both plants and insects thrive. No matter how hard you try to conceal it, the scent is what you exude. The scent is also significant to humanity. All scents are difficult to hide. The scent is created simply by being present. - Joseph’s “just my thoughts”