Israeli Kindergarten. Dual-income couples often arrived late to pick up their children. As a result, the kindergarten implemented a rule that parents would face a fine if they were late; however, even though this introduced a penalty system, it also led to more delays in pickup times. By replacing feelings of guilt with money, paying a fee for being late became the new norm. After recognizing the mistake and removing the fine system, what happened? More parents started arriving late. When money becomes involved, the exchange of value fundamentally changes the nature of the relationship. And once that change occurs, it doesn’t revert. - Joseph’s “just my thoughts”
Business isn’t about making an idea come true; it’s about validating it. No ideas or plans are perfect from the beginning. The market’s reaction develops and refines the idea over time. Many individuals mistakenly believe that a business idea will be perfect if they tinker with it repeatedly or that this will enhance their chances of success through their efforts. We may not know ourselves well, but how should we know our business intimately? Don’t gamble; try, correct, and adapt quickly. A business doesn’t start with knowledge; rather, knowledge is gained through starting. So, begin by breaking it down into smaller parts from the outset. - Joseph’s “just my thoughts”