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”

Business isn’t about making an idea come true; it’s about validating it. No ideas or plans are perfect from the beginning. The market’s reaction develops and refines the idea over time. Many individuals mistakenly believe that a business idea will be perfect if they tinker with it repeatedly or that this will enhance their chances of success through their efforts. We may not know ourselves well, but how should we know our business intimately? Don’t gamble; try, correct, and adapt quickly. A business doesn’t start with knowledge; rather, knowledge is gained through starting. So, begin by breaking it down into smaller parts from the outset. - Joseph’s “just my thoughts”

Creativity stems from actions rather than from emotions or ideas. The willingness to take steps that others avoid is the foundation of innovation. Essentially, genuinely creative individuals act on their curiosities. While everyone has ideas, they are ineffective without action. - Joseph’s “just my thoughts”

A comment system was in place at a United States Forest Service branch with 2,500 employees. The employees were instructed to submit their proposals on page 4 for comment. Two hundred and fifty-two proposals were submitted over four years. In terms of the number of employees, one idea was proposed every 40 years. The change was necessary. Employees were required to submit a brief idea outline via email. In 30 days, the idea could be implemented if there was no response from the designated contact and no legal issues arose. In the first year, 6,000 ideas were generated. A person without creativity may enter the organization, but the organization may destroy creativity. It's more effective to eliminate factors that impede creativity than to attempt to enhance it. - Joseph’s “just my thoughts”

Wealth is accumulating the added value created through value exchange into assets. Here are three key concepts. 1. Value Exchange 2. Value Added 3. Assets. To be wealthy is to increase assets. For an asset to grow, it must exchange value with others and, as a result, add value comes from. First of all, value exchange. Even geniuses starve unless they exchange value. Value exchange is not an idea, it is an action. You can never create wealth if your thoughts are good but don't act. - Joseph’s “just my thoughts”