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”
For humans to be born and survive, the world should grant humans the right to possess, that is, ownership, which must be guaranteed. Ownership is a right that has been granted since birth, so it is called an “absolute right.” In the online realm, this ownership is established by setting up an ID and password. When this ID and password match, we can engage in social activities such as online banking or shopping. The password is a personal identifier known only to me. No one else knows it, and when that secrecy is broken, it becomes invalid. However, to enforce ownership online, I must also share my password with the service provider. At that point, the provided password is no longer a secret. There are many contradictions in the world. - Joseph’s “just my thoughts”