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 panopticon is a prison design inspired by British utilitarian Jeremy Bentham’s ideas. The most effective way to monitor prisoners is to create spaces where a few prison officers can observe many prisoners without being seen themselves. Control is not exercised by the prison officers but rather by the design of the space. A watchtower with tiny windows is situated in the center of the circular structure, allowing the interior of the prison to appear bright while enabling the prison officers in the watchtower to keep an eye on the prisoners. Power stems from the ability to observe others without revealing one’s existence. - Joseph’s “just my thoughts”