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”
A company is a setting where ordinary individuals come together to achieve remarkable accomplishments. Leaders don’t need to surpass every member in ability; instead, they must provide a vision of a vibrant and promising future. It is the leaders’ integrity and responsibility to applaud, motivate, and recognize their team’s contributions. - Joseph’s “just my thoughts”