Partnership: We can’t operate alone. Transactions involve counterparties. Ultimately, business is about establishing and managing relationships with others. Without mutual benefit, trade falters and conducting business becomes difficult. When starting a business, keep a partnership in mind. The key to a partnership is “how to share,” not “how much to earn.” If the distribution isn’t rational, distortions will occur within the organization, which can harm the bottom line. Failing to distribute fairly or according to the situation increases the risk of business failure. Breaking up with a partner might seem better sometimes, but the core conflict remains; only it shifts from internal to external. To succeed in business, focus on distributing profits effectively rather than solely increasing them. Learning to distribute well is essential. - Joseph’s “just my thoughts”
Not all of them are like that, but it’s not easy to say that many of those who have learned a lot know what they don’t know. However, when you acknowledge “I don’t know” what you don’t know, the wisdom gained from that ignorance enriches everyone. Learning begins with recognizing what you don’t know, while what you do know involves a clear understanding of that unknown. This awareness can help reduce the chaos of the world, even if just a little. - Joseph’s “just my thoughts”