In the previous article (this article), I explained that management is an activity that handles the unexpected. It is the opposite of monotonous, repetitive labor tasks in an unchanging situation. That showed me the whole picture of succeeding in business and investment. Let’s discuss it.
How to make money and assets efficiently
Sometimes, we want to make money and assets efficiently. That drives us to engage in activities that create abundance, such as business and investment.
Since humans live cooperatively, utilizing society often increases wealth more than just being creative in self-sufficiency.
However, we sometimes cannot succeed in business. Some successful business owners say that there is no universal formula for business. That confuses us and makes us feel that we are unsuitable for business.
Understanding the essence of the economy can show us how to make wealth efficiently. It tells us why business success has no universal formula. Today, I will explain it. This perspective might provide us with an overview of how to find opportunities.
The essence of business
There is no universal method for business success. That shows us opportunities.
Humans increase abundance efficiently by dividing roles and cooperating, as I mentioned above. That makes each individual engage in different specialized tasks and exchange them with others.
For example, farmers specialize in growing vegetables. The carpenters focus on building houses. The lumberjack cuts down trees efficiently. Then, they exchange their values. Since one person’s learning ability is limited, dividing roles enables a higher level of technology than a lifestyle without cooperation, like that of insects.
Considering business as a relative activity
That role division and specialization eliminate any universal formula for success. In other words, we must consider business as a relative activity that can vary depending on the situation.
For example, the competitive level affects success. Suppose the AI industry became profitable, and many people rushed into it. It is a clear path for success. That leads to a decrease in the number of farmers. The vegetable price will go up, and that will make farmers profitable. On the other hand, in the AI industry, the number of workers increases too much, which causes their income to decrease. The AI industry will no longer be a formula for success. It is a primitive economic principle.
Technological development can also affect multiple industries. As AI becomes widespread, monotonous response tasks, such as reception work, will be unnecessary.
That is why business is a relative activity. There is no absolute path. Profitable areas depend on society’s situation.
Two perspectives to identify opportunities
There are two perspectives to identify those areas, as follows:
- A local temporary perspective: It enables us to deliver high value within a focused area. Our personal relationships and circumstances will provide this opportunity.
- A broader, historical perspective: It enables us to provide high value worldwide. Intelligence gained from learning the world and its history provides this opportunity.
Try looking at business and investment from each perspective.
It is easier to understand if you look at them from an extreme personal or worldwide perspective. In other words, an indecisive perspective makes business and investment difficult.
Either way, we need to focus our resources on areas according to the social circumstances.
After we fulfill our inner desire for expression, we can adapt to external circumstances. That is when we become materially wealthy.
Conclusion
That is the essence of the economy that shows us how to make wealth efficiently.
There is no universal method for business success. That shows us opportunities.
This perspective might provide us with an overview of how to find opportunities, although I could not organize my thoughts well in today’s article.
Thank you for reading this article. I hope to see you in the next one.
