An asset is the foundation of all economic activity. If you have assets, you can run a business and settle your debts. The ways to create assets are ‘how one works,’ ‘how to receive gifts from others,’ and ‘how to purchase assets made by others.’ There is a way to steal, but it is a crime. If you don’t initially own an asset, the simplest and almost the only way to create one is to produce something with your own labor. Whether the product is a service or a good, it must be produced unconditionally. Trading products creates added value. Thinking about trading later and making products first is the fastest and most basic way to escape poverty. Therefore, produce even the smallest things every day. Knowledge, records, art—whatever! - Joseph’s “just my thoughts”
Steve Jobs envisioned integrating a computer chip into existing wireless phones. He seldom pursued new technology development; rather, he aimed to combine existing technologies to achieve his goals. Innovation means creating significant change through the right blend of what already exists. Often, even one’s own business or profession remains underappreciated. If you grasp that well, your chances of business failure will significantly decrease. Unfortunately, this is often not the case in reality. Focus on the essence. - Joseph’s “just my thoughts”