If you’re running multiple businesses within a single business entity or a business that generates sales by connecting with different businesses, I recommend managing the accounting for each separately. For example, if a car rental company also engages in car leasing, try to maintain distinct accounts for the rental and leasing sectors. This approach increases the chances of uncovering hidden costs or mistakes in resource allocation. In business, specific attributes necessitate this separation, leading to independent costs and improved profit structures. Neglecting this reality can result in bankruptcy without fully understanding the reasons behind it. The foundation of success is to avoid failure. - Joseph’s “just my thoughts”
The tallest mountain in the solar system is Olympus Mons on Mars, towering about three times higher than Mt. Everest. Its area, covering 295,000 ㎢, surpasses the size of the Korean Peninsula (220,850 ㎢) and is nearly equivalent to that of France or Arizona. While Olympus Mons has a greater height than any mountain on Earth, its vast area results in an average slope of only 5 degrees. As a result, hikers who ascend Olympus Mons often feel as if they are traversing a flat plain. For humans, the steepness of a climb matters more than its height. For example, ascending a steeper 5 m pole can be more challenging than gradually scaling a 500 m mountain. In life, choosing the right slope to climb is often more crucial than focusing solely on the height reached, whether going uphill or downhill. - Joseph’s “just my thoughts”