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”
The more startups you have, the more you need to learn and practice. Many startups avoid learning because they are busy and have a lot of work. Knowledge determines structure, and managing is the process of building that structure. However, to create that structure, they do not make the effort to acquire knowledge. Just as you must eat bread one bite at a time, even when you have plenty, sincerity will gradually and steadily lead to knowledge and the establishment of structure. It is important to remember that the consequences can be severe if you neglect a bit of sincerity due to feeling overwhelmed by your environment and circumstances. - Joseph’s “just my thoughts”