Opportunity Cost: Making a choice means sacrificing something else at the same time because we can’t have everything. If the value of what is given up is significant, then the choice incurs a relative loss, and it is up to the CEO to recognize this as a cost. In reality, whether I am aware of the opportunity cost or not, it still impacts my current financial situation. However, to calculate profit or loss as an opportunity cost, there must be a future opportunity to forgo the current choice and select an alternative. No one should keep repeating the cycle of giving up and choosing without knowing whether the next decision will be beneficial or not. Giving up is worthwhile only when the next option is good. - Joseph’s “just my thoughts”
People don’t work efficiently at first. Efficiency comes from trial and error . In other words, if you don’t try, your chances of becoming efficient are slim. The navigation system only works when the destination is entered. More importantly, it only functions well when the starting point is input accurately. The system recognizes the starting point automatically and guides you to the destination, but if the origin is wrong, problems will occur. Change, growth, and progress only happen when you confirm your identity . You need to ask more than ten people around you to understand who you are. The most reliable method is to look in the mirror and wipe away the stains from your face. If you try to remove a stain by guessing, you might sometimes succeed by luck, but that’s just called ‘ hard work .’ - Joseph’s “just my thoughts”