Metaphysics and Concrete Science: A CEO needs both qualities. When a CEO leans more toward metaphysics, they focus on philosophical values to improve the business, which helps for future growth. However, there’s a high risk the business could fail because profits aren’t guaranteed immediately. Conversely, if a CEO emphasizes concrete science more, they can secure profits immediately, but this approach might harm long-term growth. It may seem contradictory at first, but a good CEO must have both. To succeed, you need a noble philosophy and immediate profits simultaneously. Embracing contradictions enables survival. - Joseph’s “just my thoughts”
In business, capital means business funds. A successful entrepreneur often says, "I started my business without any capital". It's partly true, but it's a lie. The entrepreneur just said that capital means only cash. However, all kinds of businesses need to be fundamentally business funds in any even not cash. The entrepreneur didn't count the founder's labor cost. No inputs, no outcomes. The uncounted labor costs are called "alternative costs" or "opportunity costs". This comes from comparative advantage. If the entrepreneur doesn't accept the uncounted labor cost as a debt, the entrepreneur is equivalent to losing the profit due to opportunity costs. Please always remember this. There is no free lunch in this world. - Joseph’s “just my thoughts”