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”
Steve Jobs died of pancreatic cancer. I have often imagined what the world would be like if he were alive now. But how can we control our deaths? I certainly believe that there are some things that humans cannot intervene in. Whether we call it fate or luck, I think meeting a beloved spouse is also part of this, although we choose the spouse with our intentions. Some people believe that a person has been chosen and loved, but beyond that decision, I ponder whether there is a power with which humans cannot intervene... - Joseph’s “just my thoughts”