Money = Time

Time is used to produce money. But time is limited in a day and limited to the strength of human mind and physical. In the equation, if you want more money, you need more time. Buy more time with money. You can bake a cake in 1 hour to sell for RM60. In 1 day, you work for 8 hours, that's 8 cakes for total of RM480. Hire a staff for RM20 per hour, a wage of RM160 per day but now you can now make 16 cakes in 1 day to sell for RM960. This is so simple about business and money-making. There is a problem however - to sell all the 16 cakes and keep selling for the rest of your life. How do retail keep up with sales? Probably the margin is extremely high that the cost low and are able to cover the wage of 1 staff for some duration of days. I think once you know how to make money, it's about balancing profit and loss. Not sure on this part yet. Will write more once I get some idea from my research.