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Just my thoughts #0591

Initially, humans could not draw as they perceived. It was only after the discovery of perspective that they could accurately draw what they saw. Perspective was first applied to performance stages in Greece during the 5th century BC, and it was not until the 15th century that the Italian architect Brunelleschi succeeded in expressing a three-dimensional perspective on a two-dimensional plane. In the long history of humanity, the period of applying perspective is quite brief. Perspective painting represents a virtual depiction of reality. In other words, the first instance of visualizing something virtual is perspective. People speak as if the metaverse is a significant industry today, but the virtual realization through perspective began long before the digital era. Currently, it’s only visually represented digitally. Understanding the essence of this can help you mitigate risk, even as times and circumstances evolve. - Joseph’s “just my thoughts”

Just my thoughts #0563

People understand that a brand is established when it is named. However, a brand requires a named entity, and that entity must be cherished by consumers. This means there must be prior production, followed by a name. The essence of branding lies in manufacturing. Capital is necessary to produce goods that meet consumer needs. Individuals can create a brand simply by distributing products made by others, but they will eventually face limitations. Manufacturing capacity is crucial to branding, and most of the world’s renowned brands emerge from this productivity. Don’t confuse this with branding by merely assigning a name. They will soon find themselves in trouble if they mistakenly think they are branding without securing manufacturing capacity. Even if you don’t own a manufacturing facility, branding becomes simpler if you establish the ability and framework to control those facilities and raw materials. - Joseph’s “just my thoughts”

Just my thoughts #0562

‘Capital’ means ‘Principal.’ What does ‘Principal’ mean in business? The ultimate goal of any business is to create wealth. Wealth serves as the foundation for creating value, and that value must be generated solely through production. To produce, the cost must be invested first; the source of that cost is referred to as ‘Principal.’ In other words, the result of a transaction through trading is ‘revenues,’ and if costs and expenses are subtracted from sales, what remains is ‘profit.’ If costs and expenses exceed revenues, it results in a losing trade; if they are lower, it results in a profitable trade. Therefore, principal serves as the benchmark for profitability; in other words, it is referred to as capital. Whether a business is good or bad is determined by its profitability. If the principal is insufficient, borrowing capital becomes necessary, which is termed “debt.” Just as the number of principals capable of producing tankers differs from those that can create bicycles, the si...

Just my thoughts #0403

For entrepreneurs, making money is the most crucial aspect, but as the business grows, the nature of the money itself and accounting principles often determine its survival. Numbers represent money, but there is an invisible attribute accompanying it. Even with the same one million dollars, one million dollars in capital and one million dollars in debt represent fundamentally different attributes of money. Money has an invisible label attached to it, and understanding this can enable you to grow your business even further. - Joseph’s “just my thoughts”