Joseph's "Just My Thoughts"

Some people hear that their business success rate is only 10%, so they try to avoid being part of the 90% who fail and put a lot of effort into becoming part of the 10% who succeed. In contrast, others allocate just 10% of their total effort to each of their 10 businesses, hoping that one will succeed. Since only one in ten founders succeeds, the latter approach is better because success in this world is a matter of probability. - Joseph’s “just my thoughts”

The better you know your identity , the better you understand what to do and what not to do. It’s essential to excel in what you must do, but avoiding what you shouldn’t do is half the battle for success. If you can’t accomplish what you need to do, start by training yourself not to engage in what you shouldn’t. If you can’t make the distinction or find yourself confused, that indicates you don’t truly understand your identity. Solving all problems begins with understanding one’s identity, whether it’s personal or business-related. - Joseph’s “just my thoughts”

Weakness is merely another expression of strength and represents a phenomenon where the same attribute manifests in different forms. In other words, the concept of “ weak or strong ” resembles both ends of a seesaw ; when one side goes down, the other always rises. When an issue arises in one muscle of the body, the surrounding muscles take over that role, or several muscles work together to compensate for the weakness. Rather than focusing solely on the end of the seesaw that has dropped, one should also acknowledge the opposing side that has risen as a result. Weaknesses and strengths are states of being, not conclusions or outcomes. The same applies to successes and failures . - Joseph’s “just my thoughts”

When individuals who have successfully overcome adversity and achieved social recognition view the world through their ability to conquer personal struggles, challenges emerge. Seeing the experience of overcoming hardships through diligent effort as an opportunity to cultivate genuine self-confidence enhances positive self-esteem. However, evaluating everything in the world solely from that perspective can lead to significant difficulties for both yourself and others. My success may change me, but there are no guaranteed formulas to positively impact the world. Success holds value when it becomes an internal celebration within me. - Joseph’s “just my thoughts”

Only a few founders genuinely grasp the essence of their businesses from the start. After launching, they often start to grasp the core of their ventures as their customer bases expand. If startups had a clearer insight into their businesses from the outset, they could significantly lower their chances of failure. The sooner you identify your business’s essence, the greater your chances for success will be. Furthermore, if you can quickly pivot your business direction—even if you realize it later—the likelihood of failure diminishes. - Joseph’s “just my thoughts”

Any business can succeed if it generates more revenue than it incurs in costs. When you achieve high sales volume with low expenses, a surplus occurs; only with a surplus can production and investment continue. “Replication” enables humanity to create surplus legitimately. Humanity has learned that surplus can increase if similar costs are incurred or if goods or services of equal quality are sold at minimal costs. The growth of a management organization demonstrates that it continues to replicate its members at the same level as the founder, and increased revenue indicates it can easily “replicate” the designated quality. The cells in our bodies also “replicate” to sustain life. For handmade products to thrive, they must prioritize scarcity over productivity since improvements in productivity can reduce scarcity. If you don’t grasp the principles of duplication, achieving success in your business becomes challenging. - Joseph’s “just my thoughts”

While your efforts may have been sincere, claiming success due to those efforts is misleading. The Law of Equivalent Exchange suggests that behind my achievements lie the sacrifices of others, known or unknown to me. We should approach discussions of success with humility and avoid glorification. Neglecting the Law of Equivalent Exchange often leads to the onset of corruption. When considering the sacrifices made by others, we ought to refrain from celebrating our successes based solely on our dedication and hard work. - Joseph’s “just my thoughts”

Receiving an investment signifies that you are receiving a prepayment for future costs and expenses. To generate revenue, you must cover these costs upfront. If you lack the funds necessary to manage current expenses while aiming to raise revenue, you might need to borrow money or attract investments. However, as a recipient of these funds, you cannot use them freely; this money does not belong to you. Legally, your options for utilizing this money are limited: you can either receive it as a salary from your expense account, as a dividend from profits after deductions as a shareholder, or pursue official management incentives. This underscores that the invested funds are not your own. When funds are invested, it implies that profits will be derived from someone else’s money, which you will share with the investor. Although investment alleviates the immediate pressure of expenses, it simultaneously heightens your obligation to generate profits promptly. Being fully funded does not equat...

Expansion inherently carries risks. As a country or business grows, the number of elements needing protection rises significantly, heightening the likelihood of failure. Many say, “Achieving success is challenging, but sustaining it is even more difficult.” Balancing capacity and expansion is often complex; yet, it is crucial to achieve this equilibrium to prevent success from becoming a curse. - Joseph’s “just my thoughts”

Ability and skill are distinct concepts. When we refer to a person’s unique power as an ability, the capacity to translate that power into real-world action is known as skill. Some individuals fail to succeed despite having remarkable abilities because they struggle to bring those abilities to fruition in reality. Essentially, ability denotes potential, while skill represents the achievement of that potential. The market serves as a tangible environment where many express their aspirations; thus, regardless of how exceptional their abilities may be, relying solely on skill is insufficient. This is why luck plays a crucial role in success. - Joseph’s “just my thoughts”

Success is not determined by how much or how little you try. Anyone can be successful, but not everyone can achieve success. Rather, success is like a test paper that proves what a successful person is. Success is the opportunity to see what a person is really like. It’s humbling to know that there are other factors to success besides hard work, but if you believe that effort is everything, your success will soon become a sharp knife that wounds others. No matter how hard you try, you can’t beat fortune. This is the lesson of history. - Joseph’s “just my thoughts”

Both arrogance and humility can contribute to our success. While humility is not the sole key to achievement, it enables a connection with someone who genuinely cares. That individual may represent everything I need in life. Ultimately, success can be seen as cultivating a deep bond with the person who truly loves you. If you can nurture multiple meaningful relationships throughout your journey, beyond that loving individual, you should regard yourself as blessed with humility. - Joseph’s “just my thoughts”

The Awakening Formula: [Mine = all of my properties - borrowed - inherited - gifted - stolen - cheated out of]. If you exceed this “mine,” it’s time to wake up. All economic activities should commence with the amount you consider to be a genuine “mine.” It is essential to view it as a sin to enjoy anything “first” or “more” than that. Caring for what belongs to you is the initial step toward success and the foundation of life. - Joseph’s “just my thoughts”

Experience should not serve as a constraint that confines individuals to their past; instead, it should act as a foundation for future endeavors. While successful experiences can instill confidence, they may simultaneously restrict one’s thoughts and actions, leading to potential lapses in judgment. It is noteworthy that my achievements may not have solely stemmed from my abilities but could have been attributed to fortuitous circumstances, often arising from the missteps of others. A valuable experience should not foster arrogance or dismiss the fallibility of unwavering self-assurance and disregard for alternative perspectives. To mitigate the risk of failure, one must cultivate humility. - Joseph’s “just my thoughts”

Some businesses, such as education or fitness, can succeed if only the number of aspirants increases steadily. In a business that provides a service that acquires and develops, making new customers continue without giving up determines the business’s success or failure. No matter how hard you promote, if you do not create the persistence of the aspirants, passion, and effort will lead to damage. - Joseph’s “just my thoughts”

There is something that does not change even in the changing situation. For example, even if an autonomous vehicle comes out, the transport property of “the machine that moves the space” does not change. In other words, there is a reason for existence that DOES NOT CHANGE as time passes and the situation changes in some work or object. This is called “essence”. Any improvement, development, or attempt to violate this “essence” must fail. Of course, there are times when it succeeds. But that already was not the essence. - Joseph’s “just my thoughts”

Although the ratios differ, human success results from many factors such as intelligence, experience, knowledge, attitude, integrity, and luck. Of these, self-development theory emphasizes only a few factors with a powerful influence. As in all cases, the causes of success are different. So when learning success stories, you need to know the pitfalls. It may be like a successful person, but it never becomes the same. References should be made, however, to suit my situation. Therefore, it is important to know your identity. - Joseph’s “just my thoughts”

We often play ladder games when betting. If you want to win, you can choose the option as far as possible from the marked “tagger”. If the “tagger” is displayed on the middle option, the most likely chance of not getting caught is when selecting the option at both ends. If you have a tag on one end, you can avoid the tag by choosing the other side end option. This is because the probability of winning a ladder game follows the “normal distribution” model. - Joseph’s “just my thoughts”

There is a study called “computational psychiatry”. This study will help patients suffering from depression or hallucinations by studying AI algorithms such as “reinforcement learning” among computer AI functions. Machines are examples of human treatment. Conversely, people wonder if AI-learning humans can be depressed like humans. The answer is “yes”. It is a fact that scientists consider it possible. People thought human emotion was something special. However, emotions can be replaced with symbol combinations promised as signals in the algorithm world. In other words, the emotion on the machine is “selection”. - Joseph’s “just my thoughts”

The small good works resemble the great evil, and the large good works resemble the insentience. The words that Confucius said to Jaro. It's better to give even a small good, but rather it can be evil, and cruel behavior is so bitter, but as a result, it becomes often a good thing. The executive is not a person who does good deeds, but a very fatiguing person who sometimes needs to exclude emotions and make profits because it is a good deed not to go bankrupt. - Joseph’s “just my thoughts”