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Showing posts with the label failure

Just my thoughts #0626

One of the key principles of money is ‘opportunity cost.’ It means that when I buy something, I have to give up something else in return. We think we buy because we need something, but we often forget that we could buy something else instead. We rarely consider ‘opportunity cost’ when making a purchase. We do not compare other values against our needs. Buying something means giving up something else, but we often don’t realize it. When we spend money, we should also consider the ‘opportunity cost’; yet, in reality, we aren’t trained to do so. By making a purchase, we bypass the value comparison that may not offer any additional benefits. Maybe it’s because we lack knowledge, or perhaps the idea isn’t appealing. - Joseph’s “just my thoughts”

Just my thoughts #0482

Weakness is merely another expression of strength and represents a phenomenon where the same attribute manifests in different forms. In other words, the concept of “ weak or strong ” resembles both ends of a seesaw ; when one side goes down, the other always rises. When an issue arises in one muscle of the body, the surrounding muscles take over that role, or several muscles work together to compensate for the weakness. Rather than focusing solely on the end of the seesaw that has dropped, one should also acknowledge the opposing side that has risen as a result. Weaknesses and strengths are states of being, not conclusions or outcomes. The same applies to successes and failures . - Joseph’s “just my thoughts”

Just my thoughts #0319

Only a few founders genuinely grasp the essence of their businesses from the start. After launching, they often start to grasp the core of their ventures as their customer bases expand. If startups had a clearer insight into their businesses from the outset, they could significantly lower their chances of failure. The sooner you identify your business’s essence, the greater your chances for success will be. Furthermore, if you can quickly pivot your business direction—even if you realize it later—the likelihood of failure diminishes. - Joseph’s “just my thoughts”

Just my thoughts #0210

Don’t try to learn from failure... I’ve failed a lot, but I’ve never learned from it. It is a lie to say that you can learn from it even if you fail without fear of failure. It was when I struggled not to fail that I could learn. Failure is only something to accept; you will fail again if you try to learn something from it. Failure is not a tool for learning lessons. It’s not worth it. Human beings learn from unremitting efforts not to fail. Don’t be fooled by petty consolation... Life is short. - Joseph’s “just my thoughts”