It also means that if I have been fortunate in the way I have lived up to now, misfortune may come one day. Management involves looking at both sides of this coin. When business conditions are good, we need to prepare for tough times, and when business conditions are bad, we need to prepare for better times. If you have experienced misfortunes so far, you should hope that the opposite can also occur. Nothing lasts forever. The universe also changes from time to time, and we must abandon the notion that the society we live in will remain the same. Management is the act of converting uncertainty into certainty. - Joseph’s “just my thoughts”
Wealth is accumulating the added value created through value exchange into assets. Here are three key concepts. 1. Value Exchange 2. Value Added 3. Assets. To be wealthy is to increase assets. For an asset to grow, it must exchange value with others and, as a result, add value comes from. First of all, value exchange. Even geniuses starve unless they exchange value. Value exchange is not an idea, it is an action. You can never create wealth if your thoughts are good but don't act. - Joseph’s “just my thoughts”