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”
When the caterpillar believed its journey was at an end, it transformed into a beautiful butterfly. It’s easy to feel overwhelmed by the shell you need to shed and think it marks the end of everything you know. But change is really about embracing new beginnings and discovering a fresh perspective! Although changing ourselves can be daunting and even a little painful, it’s also a chance for growth. The caterpillar that struggles with what to let go of isn’t foolish; it’s simply on a journey of discovery. So, before you stress about your next steps, why not take a moment to reflect on what your shell represents? - Joseph’s “just my thoughts”