Real change happens so quickly that we often don’t notice when it occurs. The changing of seasons is a good example. Clearly, winter and spring are very different. It’s hot during the day and cold at night, but when we see spring flowers blooming along the roadside, we realize spring has arrived. We tend to think that big changes will feel different, but sometimes small signs reveal the change. For instance, when our foreheads sweat even with little movement, we recognize that the temperature is getting warmer. What changes might you not notice or recognize? Perhaps your weight? - 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”