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”
A comment system was in place at a United States Forest Service branch with 2,500 employees. The employees were instructed to submit their proposals on page 4 for comment. Two hundred and fifty-two proposals were submitted over four years. In terms of the number of employees, one idea was proposed every 40 years. The change was necessary. Employees were required to submit a brief idea outline via email. In 30 days, the idea could be implemented if there was no response from the designated contact and no legal issues arose. In the first year, 6,000 ideas were generated. A person without creativity may enter the organization, but the organization may destroy creativity. It's more effective to eliminate factors that impede creativity than to attempt to enhance it. - Joseph’s “just my thoughts”