Founders often start a business without understanding their profit model. People are more likely to fail because they only think, “I have to work!” and don’t truly grasp how and why they can make money from it. They don’t understand the concept of capital, meaning the basic funds, nor do they understand the founder’s equity. They have heard the terms often but don’t really know their meaning or importance. They don’t recognize it, although they may have heard of it a lot. You start a business and partner with others without knowing whether your return is the reward for taking risks, giving up current interests, or sacrificing competitors. Understanding this is a fundamental part of entrepreneurship. Yet, in reality, they run their business without considering these issues simply because they need to work and can do so at the moment. - Joseph’s “just my thoughts”
Cognitive science states that humans communicate with 30% of "linguistic information" and 70% of "non-linguistic information." Suppose you study something to acquire information, focusing on it with conscious awareness. In that case, any activity you engage in unconsciously throughout your daily life is "playing." It is challenging to maintain focus on a task for an extended period. However, engaging in play adds enjoyment to intellectual pursuits, allowing for sustained attention. Studying in a limited capacity will only make you proficient in specific areas, but play can facilitate a more comprehensive and nuanced understanding. Parents often err by separating study and play, they are two sides of the same coin. - Joseph’s “just my thoughts”