Mirroring and Maturation: Mirroring is a psychological activity where you observe yourself as if seeing your reflection, allowing you to gain self-awareness separate from your current reality. By creating this mental ‘mirror,’ you can see yourself as others might, which is a form of self-objectification. Adequate mirroring facilitates more accurate reflection on and correction of mistakes, ultimately leading to improved actions and decisions. Over time, this process helps you become more mature. Practicing self-objectification can also make others feel comfortable with you and may increase their reliance on you. This process is also known as self-reflection. Everyone has a mental mirror, but many neglect to keep it clear through regular self-examination. - 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”