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Just my thoughts #0799

Micro-movement refers to small shifts. Kim Yong-woon, who authored the book “History’s Counterattack,” states that before a state changes, an ambiguous phase occurs during the process. This is called ‘micro-movement,’ and he argues that a rigid organization that suppresses this micro-movement will ultimately lead to frustration or catastrophe. He explains that permitting micro-movement equates to autonomy, and an open organization that allows this fosters ‘self-organization’ and the ‘emergence of creativity.’ He also mentions that human ability is defined as pattern recognition, which helps distinguish between ‘trivial’ and ‘essential’ elements. It is believed that when human activity reaches a critical point, key insights can be derived from seemingly trivial details. - Joseph’s “just my thoughts”

Just my thoughts #0070

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”