Iteration and Optimization: It would be great to do something well on the first try, but humans are not perfect. To do it well, you need to go through repeated failures and successes, and during that process, you have to identify the pattern that works best for you. This process is called optimization. Optimization requires iteration. Efficiency and profits are guaranteed by repeating a process until a particular singularity is achieved, thereby maintaining that level of excellence. The general rule for success in society is to iterate and keep optimizing. Being consistent is the fastest way to improve. - Joseph’s “just my thoughts”
If a New Zealand fisherman catches a seabream in New Zealand, he makes a profit of $9 per kilogram, but if a tourist catches it, $88 goes back to New Zealand. This is because to fish a seabream, the tourist has to spend money on flights, hotels, and all sorts of rentals. The opportunity cost and value-added will change as B2B becomes B2C. - Joseph's "just my thoughts"