Partnership: We can’t operate alone. Transactions involve counterparties. Ultimately, business is about establishing and managing relationships with others. Without mutual benefit, trade falters and conducting business becomes difficult. When starting a business, keep a partnership in mind. The key to a partnership is “how to share,” not “how much to earn.” If the distribution isn’t rational, distortions will occur within the organization, which can harm the bottom line. Failing to distribute fairly or according to the situation increases the risk of business failure. Breaking up with a partner might seem better sometimes, but the core conflict remains; only it shifts from internal to external. To succeed in business, focus on distributing profits effectively rather than solely increasing them. Learning to distribute well is essential. - Joseph’s “just my thoughts”
“I can live well alone!” is not correct. If I live alone, I can survive to some extent, but ultimately, it is hard to survive, and “living well” is even more challenging. This is because the economic principle is established not by ‘alone’ but by ‘many people.’ If I live well, it means that someone has become poor because of me or is living well with me. The fact that through value exchange , or transaction, we can meet each other’s needs and store the surplus from that production is both true and real. Trading is not done in isolation. - Joseph’s “just my thoughts”