Joseph's "Just My Thoughts"

I often say that the small things you consistently practice each day will change your life. People may think it is difficult to do so. However, this doesn’t mean that the practice itself is easy or hard; rather, it’s challenging to prioritize that little task every day. Why? Small things happen daily, and results take time to manifest, while small changes don’t significantly influence our profits. However, if these practices are regular and steady, it presents a different story. - Joseph’s “just my thoughts”

The prerequisite for working is to earn a profit. Profit is defined as revenues minus costs and expenses. In other words, you must incur costs and expenses before you can make sales. Profits arise when sales exceed costs and expenses. If I overlook this straightforward reason, the harder I work, the more I will struggle and negatively impact others. Behind the concept of generating significant revenue lies an oversight of the importance of making a profit. Increased revenue also leads to more significant expenses. The total costs and expenses associated with making sales are referred to as prime costs. Many businesspeople in this world are unaware of prime cost structures and focus solely on boosting sales. - Joseph’s “just my thoughts”

The concept of “seed money” is crucial in business and investment; it is a notion that cannot be overemphasized. This “seed money” is termed “capital money” in accounting. If a person who is 50% profitable loses 40% simultaneously and continuously finds himself in this situation, will he become wealthy? No! Due to the 40% loss, the seed money will gradually diminish; as investments are repeated, profits will decline, leading to financial hardship. In any business or investment, it is essential to know how to preserve your seed money, and when you face losses, you must act decisively, understanding how to swiftly extricate yourself from the situation. - Joseph’s “just my thoughts”

Receiving an investment signifies that you are receiving a prepayment for future costs and expenses. To generate revenue, you must cover these costs upfront. If you lack the funds necessary to manage current expenses while aiming to raise revenue, you might need to borrow money or attract investments. However, as a recipient of these funds, you cannot use them freely; this money does not belong to you. Legally, your options for utilizing this money are limited: you can either receive it as a salary from your expense account, as a dividend from profits after deductions as a shareholder, or pursue official management incentives. This underscores that the invested funds are not your own. When funds are invested, it implies that profits will be derived from someone else’s money, which you will share with the investor. Although investment alleviates the immediate pressure of expenses, it simultaneously heightens your obligation to generate profits promptly. Being fully funded does not equat...

There are markets where demand generates supply, while there are markets where supply must generate demand. Las Vegas, a city in the middle of the desert, is a business structure that creates demand from supply. Supplying gambling rooms simultaneously generates the operating income of the gambling room and profits from hotels, transportation, restaurants, and shopping. In a poor business environment, you need to review the essence of your business. If you try without structural change, you will likely tire, and it isn’t easy to expect improvement. - Joseph’s “just my thoughts”

The small good works resemble the great evil, and the large good works resemble the insentience. The words that Confucius said to Jaro. It's better to give even a small good, but rather it can be evil, and cruel behavior is so bitter, but as a result, it becomes often a good thing. The executive is not a person who does good deeds, but a very fatiguing person who sometimes needs to exclude emotions and make profits because it is a good deed not to go bankrupt. - Joseph’s “just my thoughts”

A surplus value is generated between the stages of consumption and production. The linking of production to consumption is referred to as "sales," in other words, doing business. The values added result in an increase in assets. Consequently, the refund of value-added tax (VAT) does not signify the return of lost profits, but rather the loss of business revenues. This is an unfavorable outcome. - Joseph’s “just my thoughts”