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”
The only things that have adapted to the market are “products or services.” Any product or service on the market undergoes an adaptation process involving customers and distributors. Not adapting to the market is merely an idea. Adaptation is great, not brilliant ideas. Anything that attempts to distribute something to the market survives only when it has been adapted successfully. Adaptation involves adjusting, improving, deleting, and organizing. - Joseph’s “just my thoughts”