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”
Most of the time, experts are individuals who make a living by simplifying complex concepts. In other words, an expert serves as a commentator or interpreter. Positions that readily clarify intricate topics often exist in fields filled with conflict or dissatisfaction, as well as those that engage in productive activities. Lawyers and politicians represent the former category, while media professionals belong to the latter. The degrees of difficulty in complexity frequently create a demand for certain jobs, which also presents a business opportunity. - Joseph’s “just my thoughts”