As a family, there are things we can do and things we cannot do. According to the level of intimacy, actions that are appropriate and those that are not are classified based on the type or nature of the relationship. Our actions are limited by relationships. Relationships influence behavior. Ignoring this is called ‘immorality.’ It is foolish to believe we can do everything by our will. Human beings are destined to do what is proper within a relationship and avoid what should not be done. - 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”