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”
To succeed in business, you must have business skills. Business skills can only help you earn money, not create it. The success of a business lies in "dealing with people" rather than "business skills." Dealing with people is the hardest thing in this world. Commercial skills and techniques can lead to small successes, but to achieve great success, we must be able to judge and deal with people well. Above all, we must be patient and love people. - Joseph’s “just my thoughts”