Numbers and Management: Without numbers, a business can’t grow beyond a certain point. Here’s a simple example: imagine you go to the bank to get a loan because you don’t have enough cash for your operations. To qualify for a business loan , you need financial statements like balance sheets . Banks don’t lend based on looks or abilities but decide if your current financial situation is promising for the future. It’s hard to get a loan if you don’t tell a story with numbers. If you rely solely on bank deposits , you’ll spend what you have or borrow if you run out. That keeps your business running as it is, but without verifying your creditworthiness with numbers, don’t even consider borrowing from the bank. Good debt can create leverage, but bad debt can wipe out even your past gains. - Joseph’s “just my thoughts”
The definition of ‘ virtual ’ in the dictionary refers to a presumed existence or subject that is treated as if it does not exist in reality. However, in contemporary usage, ‘virtual’ describes something that cannot be physically sensed by human beings. For instance, ‘ virtual currency ’ exists in the form of bits, as it cannot be perceived sensibly. Just because you can’t feel it doesn’t mean it doesn’t exist. In fact, human senses cannot detect the smallest unit of atoms that compose all things, yet that does not negate their existence. If something that does not exist but can exist as a hypothesis is called ‘virtual,’ then it exists in reality as a concept as soon as it is assumed! When something is hypothesized, the entity that is assumed originally did not exist, and the subject who made the assumption had not existed from the beginning, thus proving its existence by expressing the will of that assumption. Therefore, distinguishing between virtual and real holds no ontological si...