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”
The wall feels uncomfortable and unclear primarily because it is vertical. Its thickness and height are not the key issues; what matters is the slope. If the slope is mild, anyone can ascend it, regardless of the wall. Thus, it’s advisable to steer clear of climbing walls and to do hills. Life’s challenges stem from the endless cycles of rising and falling rather than simply from the effort of climbing upward. - Joseph’s “just my thoughts”