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”
The number of gas stations along the road decreases as vehicle mileage increases. If you do not understand your business ecosystem and only manage it diligently, the consequences will stay with you. A gas station is a subordinate part of a car. Therefore, changes in car performance have a ripple effect on many related industries. I must constantly monitor and study the ecosystem in which I operate my business and decide how to respond when changes happen. The shift from internal combustion engines to electric vehicles also impacts gas stations. The world is changing rapidly right now. - Joseph’s “just my thoughts”