Opportunity Cost: Making a choice means sacrificing something else at the same time because we can’t have everything. If the value of what is given up is significant, then the choice incurs a relative loss, and it is up to the CEO to recognize this as a cost. In reality, whether I am aware of the opportunity cost or not, it still impacts my current financial situation. However, to calculate profit or loss as an opportunity cost, there must be a future opportunity to forgo the current choice and select an alternative. No one should keep repeating the cycle of giving up and choosing without knowing whether the next decision will be beneficial or not. Giving up is worthwhile only when the next option is good. - Joseph’s “just my thoughts”
The examples of successful people should serve only as references, but you should use them as opportunities to reflect and consider yourself as the key to success. If you generalize the success secrets of successful people, you will eventually end up with meaningless advice that offers hope, and you might even undermine yourself. The circumstances, timing, qualities, and talents of successful people are not the same as mine, so it’s risky to generalize their secrets. Instead of making such broad assumptions, you can only succeed if you develop your own philosophy and approach based on your inclinations, qualities, and circumstances, using success secrets as inspiration. No matter how good the clothes are, if they don’t fit my body, they are useless. - Joseph’s “just my thoughts”