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Just my thoughts #0654

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”

Just my thoughts #0068

Not running out of time, but it's hesitation to make your priority what's most important with a stressful mind by yourself. However, even if you have made a decision your priority when you feel a lack of time, you're taking a burden beyond your capacity or yet to equip the proper system to carry it out. Neither is desirable. Not all of them are, but most of the time, you tend to be poor if you're busy for no reason. You may be busy for a while, but you should be alert to stay busy because it's easy to lose your health, to lose your money, and eventually to lose your people. - Joseph’s “just my thoughts”