Money and Morals: Mencius is regarded as a saint who spoke only of righteousness, but he mentioned a lot of economic issues. Among them, it has been said that humans must have a steady livelihood so their righteousness can also be maintained. According to Mencius, it’s hard to follow human morals without a certain income. To be wealthy, you must have a small, but regular income, which is better than an irregular one. In business, the ‘bottom (seed capital)’ is very important. You need a foundation to start a business. No matter how much capital-less startups are, the fact is that the founders’ labor costs are being consumed. In other words, this means there is a bottom, and nothing is free. Creating a consistent income in life cannot be overstated. If you are struggling due to financial hardship, make sure to have a steady income, even if it’s small. That small, steady income makes the future predictable, turning uncertainty into certainty. Businesses and investments are profitable whe...
Most entrepreneurs do not charge their customers for the cost of self-emotional work. However, some business owners charge (or commercialize) their emotions and bill clients. There are various methods for commercializing appraisals, such as charging by the hour, charging by difficulty, and charging by the choice of conditions (options). This is because no culture in real life converts emotions into money.
- Joseph’s “just my thoughts”
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