Founders often start a business without understanding their profit model. People are more likely to fail because they only think, “I have to work!” and don’t truly grasp how and why they can make money from it. They don’t understand the concept of capital, meaning the basic funds, nor do they understand the founder’s equity. They have heard the terms often but don’t really know their meaning or importance. They don’t recognize it, although they may have heard of it a lot. You start a business and partner with others without knowing whether your return is the reward for taking risks, giving up current interests, or sacrificing competitors. Understanding this is a fundamental part of entrepreneurship. Yet, in reality, they run their business without considering these issues simply because they need to work and can do so at the moment. - Joseph’s “just my thoughts”
Maturity doesn’t equate to being old and worn out. When I was younger, I shouted my words at the world, hoping it would recognize them. As I’ve matured, I’ve started to listen to what the world has to say to me instead of merely expressing my own thoughts. The world’s voice, which I hadn’t noticed before, becomes oddly clear to my ears. As I grow older, I find that I can’t hear the world’s voice. I don’t hear it because I enthusiastically spoke out when I was younger, and I don’t hear it again in my old age due to a hearing impairment. Life teaches us to perceive authentic sounds from outside rather than from within, and this awareness lasts only a brief moment. That’s the mystery of life. - Joseph’s “just my thoughts”