Human Networking: Although human networking doesn’t guarantee success, it is undeniable that it has a significant impact. According to a 2018 study published by Prof. Paul Ingram and Prof. Mitali Banerjee of Columbia Business School in the USA, friends and networking are more important than creativity for increasing social success and recognition among artists. It is also said that an artist’s friendships influence their creativity. The most notable example is Wassily Kandinsky. Kandinsky believed that multinational connections had a significant influence. That’s not to say that ability isn’t necessary. Ultimately, art also highlights the value of community identity. - 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”