A ‘transaction’ is an act of debt between parties. The seller owes goods to the buyer (performance debt), and the buyer owes money to the seller (monetary debt). A transaction is considered complete when the debt is settled and the promise to owe each other is called a ‘contract.’ Thus, a good trader or businessman excels at making and repaying debts. When it comes to debt, the type of debt matters. Anyone who misjudges this should not engage in business. - Joseph’s “just my thoughts”
A truly great leader does not believe he is perfect, nor does he need to be. In fact, recognizing his imperfections allows him to connect with others and fosters humility, which helps him collaborate effectively with colleagues. Rather than achieving remarkable successes alone within the organization, a leader who strives to thrive alongside his team— even if progress is slower— cultivates a more cohesive organization. Ultimately, this approach strengthens the organizational culture, empowering it to withstand crises. People cannot excel at everything, nor do they need to. Recognizing this reality is a key aspect of effective leadership. - Joseph’s “just my thoughts”