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”
Life can feel joyful when we have many close relationships, but this often gradually brings more anguish as well. Intimacy is also crucial to us, yet just as much as it is, “blatant ignorance” and a “healthy dose of distance” significantly influence our happiness. For instance, I can’t eat meat from a slaughtered cow that I have carefully nursed, but I am content eating the meat from a cow that I did not nurture. The fact that I have made money means my gains are a return for the damages of someone unknown to the economic system of this world, yet I can only be happy because I do not know adequately. Without blatant ignorance and a healthy dose of distance , our happiness deteriorates terribly. - Joseph’s “just my thoughts”