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Just my thoughts #0170

The Japanese restaurant “Hyakushokuya” doesn't hire passionate people. The first recruiter was someone who left out his resume. There are only three menus, and only 100 bowls are sold daily. It's simple, so you learn things in a week even if you're not an expert. Still, the average daily revenue is 130,000 yen. The book's title published by founder “Akemi Nakamura” is “Let's Reduce Sales.” Against performance-oriented management policies. They want reasonable management activities suitable for fractions without overdoing it. However, it was the best-selling company during the Covid-19 pandemic crisis. - Joseph’s “just my thoughts”

Just my thoughts #0078

The key concept in creating wealth is the accumulation of assets. "Asset" means all the resources, that can be used for production activities. If assets don't increase, it's not a business. To create value, you have to produce something. The labor, materials, and facilities for production all come from assets. Insufficient assets are borrowed from others, it is called debt. The value added belongs back to the asset. Assets are a source of wealth and a measure of wealth. - Joseph’s “just my thoughts”

Just my thoughts #0077

In wealth, the first is value exchange and the second is added value. "Value exchange" occurs when "need (demand)" comes first. Making and exchanging bread with wheat is a value exchange. The price of bread is higher than the price of wheat grain. The price difference is value added. For value-added to occur, "benefit" must be provided. To provide this "benefit", you have to incur costs and expenses. This is called investment. In other words, the value added is the result of the investment, the surplus is subtracting the costs and expenses from the supply price. You can calculate the value added to make a profit if you first know your investment condition and its amount. "Wealth" only occurs when "value-added" is accumulated. - Joseph’s “just my thoughts”