Whatsyouridea1996 您說呢?!: [#BusinessManagement] #Startup, #Authorization, #Budgeting, #Forecasting, #InternalControl, #Project, #Change, #Integration 20231021003(1/5)

Wednesday, June 19, 2024

[#BusinessManagement] #Startup, #Authorization, #Budgeting, #Forecasting, #InternalControl, #Project, #Change, #Integration 20231021003(1/5)

Readers of this article [all must sponsor]; this article is majorly talking to [companies](profit-seeking enterprises) and [managers in the highest work level of a company], please choose the following amount of sponsorship according to your reading [purpose], and the applicable amount is the [higher] one; readers who do not want to sponsor, please save the article first and read when hyou want to sponsor to avoid causing [debt] karma. Please refer to related article about karma:

[#karma] Equal give and take,because of utilizing, thus, to sponsor, promote/forward, or remark sources.

If you have multiple purposes in reading this article, please you [must] sponsor multiple kinds of amount listed below. Please see how you can do this sponsoring listed below 2024/3/20; if you are other kind of interested readers, please also read explanation under wording 2024/3/20, thank you!

If you are not the manager in the highest work level of your company, however, you would like to sponsor + read, please also follow the sponsoring rule for [managers in the highest work level of a company] or recommend this content to your company for its sponsoring for all of the employees to read.

There are many articles no need your sponsoring, please be invited to click and view this category.

Thank you!

2024/5/11

Do you believe the result of tarot card? I’m still interested in and watching general reading video, in different readers of view channels I usually got a reading saying there is a Leo sign person copying my and others works, in video below, I pick pile 1, it says Leo again; do you think it is a coincidence or there is a Leo person doing it?! For your reference and please do not support plagiarizing. Thank you.

Pile 1: 3:36 Pile 2: 24:19 Pile 3: 43:11

EXPOSING YOUR ENEMIES (PICK A CARD)

𝔏𝔞𝔡𝔶 𝔐𝔞𝔤𝔡𝔞𝔩𝔢𝔫𝔢

https://www.youtube.com/watch?v=Xr_xUSIvVsg

2024/4/28 statement

- Until now, this blog has received sponsoring from 3 persons; 2 are my former bosses, and the other is my family member. Thanks for their encouragement and sponsorship.

I’m always working independently, there is no work partnersor colleagues, I’ve never authorized others to help me in receiving the sponsored money; if you’ve paid me anything regarding this blog, they may be scams; there is no blog assistant or team members, and I don’t plan to hire any of it.

- My religious belief is Buddhism and Daoism, they are part of the traditional Taiwan culture and belief; accordingly, the invisible [karma], [religion] things are included in this article, if you don’t this kind of thing, please be advised to not to read this content, they are mentioned in next sentence.

- Buddha says: ask your heart. In my understanding, it means [karma comes from intention].

In this blog, I’ve already shared how I do prayers, Buddha spell and sutra, and transmit those praying energy for wish fulfillment, they are all for reference, I’m not an instructor, you can correct me or disagree.

Please also read this: #IfYouBelieve Whatto chant and What to expect...

My completed prayers for wish fulfillment included:

(1) What belongs to me cannot be taken away by others; what is owed to me must be returned.

(2) People who spreads false rumors about me to damage my reputation, from now on, no one will believe what they say.

(3) My work suppliers and customers…etc., everyone will get benefit in working with me..

(4) The person who hurt me will suffer the consequences and will be unable to hurt others again.

In my understanding: Accordingly, it is possible to [Pariṇāmanā] is to pay the things I owe others.

Reciting Buddhist sutras and mantras can also train a person's concentration and temper, for your information.

Regarding above (2), it came from some misunderstanding I’ve encountered in the past and please be reminded and read below description:

I’m not a witch, because I’m not. I believe in Buddhism + Daoism, I’m just a learner; from what I’ve already known, in Buddhism and Daoism, there is no this wording [witch].

If you say I’m a witch, 👈A person who is really a witch will correct you; however, I don’t know the conditions and requirements for being a witch, because I’m not.

I am not married, “yet”, I have never been pregnant (so I have never given birth to a child), and I have never seduced anyone else's boyfriend or husband. Please be careful what you say about me, you have no idea what's going on in my life, right?! Be careful with (2) above. If you are troubled by rumors, besides doing clarification, you can try chanting Buddha sutras and spell; for your information.

- Please be careful of your personal information protection. To avoid the malicious learning effect, I decided not to mention any details about my computer and mobile network being invaded by hackers, and I would like to directly remind you of the following matters. Please confirm with a technology expert to help you prevent from being infringed upon by the same attack:

(1) Carefully keep your email address, mobile phones and internet related numbers and passwords; your subscription to e-newsletters/news, resume submission, any online-registration…etc., they are all possible making your privacy being illegally used and information being exposed.

(2) Because of (1), others already know your number or passwords, thus, please pay attention to the places you frequently visiting or people around you, if there is a stranger suddenly appears and getting close to you, this person may be setting the location of your phone or loading malicious software into your phone.

(3) When you click on a message such as [Agree to access] or [cookie] on the Internet, in fact, it means you allow the [employees] of this website owner to access your information with any kind of intention.

(4) Because mobile phones have cameras [lenses] and (6), do not carry your mobile phone into the restroom or bathroom or change clothes next to your mobile phone. 😒👈you already know what happened to me!

(5) Mobile phones and computers that are turned on + not connected to the Internet + not on calls can also pass your [voice] and [usage status] to others.

(6) There is [Login], please remember to [Logout] after use.

(7) Your screen (TV, computer, mobile phone... other devices), regardless on or off, others can monitor your expression in front of the screen through [mirror technology].

2024/4/27

For your reference, below is the information I post on social media platforms:

Attention, please: Thank you for your attention and love. Says What's your idea

The article [#BusinessManagement] #startup, #authorization #budget, #forecast, #internalcontrol, #project, #change, #integration Chinese version has been completed, thank you for looking forward to it or not looking forward to it ! 😁 The English version will be translated and this will be included in it: 2024/4/27 13:30 ~ 13:50 I went to HsinTian Temple to do prayers and confirmed one thing (if you believe it, I got the confirmation by Moon Blocks procedure), believe it or not: My privacy has been invaded by hackers on my computer and mobile phone, which has always bothered me. Because there is no evidence/the police cannot help... I confirmed my suspicion through divination + going to bookstores + being followed experience + the above procedures: hackers include systems like ERP Businessmen, publishing houses, credit agencies, people I know at work, some media/platforms and neighbors...especially the system vendor’s purpose is to plagiarize new ideas and destroy my friendship (I suddenly want to use English 👉 Funny! Unbelievable)... ..Other conditions have occurred at least 3 times. If you believe in religious rituals, the answer I got includes: Please ask these people to donate all their income related to illegal infringement of other people's privacy to charity. Other bad intentions will be handled by God/Deity and Buddha.

Regardless your believing in God/Deity or Buddha, please refrain from doing any evil and turn around. I am not a perfect person, there is no perfect person in the world, but please do not hurt others; if you sow good causes, you will get good results, if you sow evil causes, you will reap the bad consequences. Thank you! Please work together to create a friendly world and eliminate evil and do good. Bless you!

The traditional Chinese version of this article was drafted on 2024/3/20. I mentioned [fishbone diagram]; when I felt that my computer was hacked, coincidentally, there was a news report on the issue of [fishbone diagram] in the education sector. , and my neighbors have people in education...etc. Due to the coincidence of time and the mention of [neighbor] in the above religious procedure, I made the association, however, I don’t know the facts, I hope that the probability of hacking or plagiarism happening [in the education sector] is 0%; from what I heard, if instructors (teachers) behave improperly or mislead students, their karma consequences will be more serious than for ordinary people, for your information. (2024/4/30)

2024/3/20

- Please follow the below rules for sponsoring this article; following the rules = you are respecting other readers who also abide by the rules, and also respecting yourself/because behavior is to show your own knowledge.

- The scope of this article includes but is not limited to the [start-up] company environment, it is suitable to readers who are interested in this topic; in this article, the [start-up] company refers to the founders founded their companies on his own for the first time, and the companies have been established for no more than 5 years, [each paragraph] in this article contains relevant suggestions for their fundraising and operating management. Therefore, there is no other further explanation about these 2 words [start up]. Thank you!

- Please click to view the directory of thisblog and [Articles Description] of #113 article to know the development process of the topic of this article. Therefore, this article is not a plagiarized content.

- Purpose of the article and benefits to readers: explain the experience related to the title of the article in a [colloquial] way; readers only need to have experience of [knowing] the words on the title of the article and where the wording may appear; the article also fits the needs of readers who need to manage subsidiaries or are interested in observing the company's management through situation [besides] financial statements, please adjust the management methods or related [forms] according to your own ideas.

- This article mainly shares [concepts], hence, [there are] related explanations or diagrams or examples, there is [no] [the entire package] of operation plan templates or budget forms etc.; if you need those documents, it is recommended that you go online search, or ask for help from your [accounting firms], [unit/websites of work departments of your government that handles investment or companies going public or listing review], [business management consulting service firms] or [securities underwriters] related companies etc.

- Below shows the bibliography of this article, concepts shared in some of the books are the same as those in the articles that have been published on this blog (such as: the importance of work roles and responsibilities, the efficiency issue of work approval), and there is so some difference, and some have remind readers not to excerpt the content, so there is only bibliography and no related their abstract here for your reference:

(1) #HarvardBusinessReview [Global Traditional Chinese Edition] New Edition Issue #198, #203

(2) Presidential Diagnosis, #PHILIPS #Taiwan

ISBN: 978-986-91998-0-3

(key words for your searching #OrganizationalManangement #TQM #TotalQualityManagement; 2024/3, Traditional Chinese version only)

(3) Learn how to improve your conversational intelligence

ISBN: 978-626-7148-59-4

(key words for your searching #InterpersonalCommunication #TheArtOfConversation #LifeGuidance)

(4) VERHANDELN IM GRENZBEREICH

ISBN: 978-957-9121-63-7

(5) Successfully Negotiation

ISBN:978-986-510-123-7

(6) The Jewish Persuasion

ISBN: 978-957-965-4517

One of the purposes of [reading] is [to increase the ability to think]. While writing this article, I read several books and [gave up] recommending some of them; the reason is: based on personal practical experience, I [disagree] with the author's comments or concerns about certain people and things. What about you? Do you agree with all the concepts conveyed in the books you read?! We look forward to your sharing of opinions. Thank you!

Regarding the above (3), (4), (5), reasons for selection and recommendation: I think that in business activities and general life, we can improve our understanding and realizing the [needs] of the person we are talking to through [communication], [negotiation], and even [psychology], and accordingly, we can discover those unexpressed information and use it to strengthen our ability to express ourselves and develop needed products, sales, or life.

Especially (4) and (5), they mention sales negotiations; for your reference. One of them believes that negotiation is mainly to achieve [sales], but I think that is for short-term goal. In order to achieve [long-term business operation], we should try our best to achieve the ideal state of both parties👈 I think that let customers [have the right to choose], [Repurchase] or [Recommend] is very important.

What do you think?!

I chose books at random. I didn't expect I would find books and their topics are the same as article I’m creating at the same time; I feel grateful of the opportunity I found these books. I hope it is also helpful to you, too!

👉It is recommended that you decide which one to read first based on the [Table of Contents] of these books. Bless you.

Benefits you get from sponsoring articles

1. You can obtain content and experience shared in this article.

2. Based on your sponsoring amount, you can and utilize self-media resources listed in Returns for Kindness; please remember to read Advertising Area, especially its paragraph 8.Reminder.

3. Your company name and website link will be placed at the [beginning] of the article; please see the Sponsoring Companies below.

Therefore, this is also a way to protect the rights and interests of sponsors; because the article and the related charts are all newly created, if a company or its employees know the content, however, their company name is not listed under [Sponsoring Companies] =they didn’t follow the sponsoring rule.

4. Doing good deeds will accumulate blessings; besides sponsoring, please be sure to do good deeds in accordance with the rules.

5. Organizations’ names that receive donations from your company can also be listed after your company’s name.

Sponsorship method

Please distinguish the purpose of your reading between [Commercial Purpose] and [Business Management Purpose]; you can refer to the [Professional Background Introduction] and [Subjects of Article Paragraphs] listed below to choose whether to read and sponsor this article or not.

- If you have [Commercial Purpose] and [Business Management Purpose], please sponsor both types of sponsorship at the same time.

- For payment method, please click and select 4.

- Sponsorship rules:

1. Please sponsor and pay before you read this article.

2. Please notify within 2 weeks after your payment about your [idea] or [estimated time of use] of the resource of [Returns of Kindness] + your sponsorship record and send it to whatsyouridea1996@gmail.com.

3. Please provide self-media articles within 6 months after payment.

4. If you pay by 2024/12/31, the amount shown below is [Before Tax Amount].

[Before Tax Amount] means: the amount you see is the sponsoring amount you need to pay.

5. Starting from 2025/1/1, below amount is [After Tax] amount.

[After Tax Amount] means: it is the amount the blog receives after all related taxes are paid.

For Emily’s tax returns purpose, please inform how those tax vouches will be provided to Emily, thank you!

Contact info：https://whatsyouridea1996.blogspot.com/2022/12/contact-Emily.html

Sponsors who need Emily’s mobile phone number, please after your payment assign specific person to contact Emily via their corporate email address; thank you.

6. The following refers to charitable purpose’s [donated things] or [donated services]:

- Please your donation is the additional good deeds after reading this article; please the things you are already doing before reading this article is not included in the donation.

- Please the things for your donation must be brand new, available for selection, and please treat the recipients with your sincere respect.

- Donated services include but are not limited to: voluntary hair cutting activities for people in need, providing space or supplies for homeless people to clean up, visiting the disadvantaged or elderly and children, subsidizing the lives of people with disabilities or providing employment opportunities for disadvantaged people (including: those who need work and due to various kinds of reasons they have been unemployed for a long time), charity lunch boxes, sponsoring learning/bridging/house building, charity activities (such as beach cleaning, public area safety maintenance)...or similar things etc.

7. Below self-media articles means they need to be built up in both Traditional Chinese version and English version, including the topic of [ExpertsSay],[I’m Caring] and [ReadersSay].

- ExpertsSay: You can/I also expect you to invite your company's external law firm or certified lawyers who currently provide professional service to share workplace related legal cases or knowledge to help [money disadvantaged parties] and [injured parties] for their protecting themselves (for example: precautions for filing a sexual harassment complaint, dealing with bullying at workplace by colleagues or supervisors, unfair dismissal by employers, handling employees’ irrational strikes or job-hopping, handling and protecting intellectual property from infringement...etc.). Just tell me the relationship between the article provider and your company. Thank you so much!

- I ‘m caring: You can also share touching filial piety stories and filial piety activities of your company’s employees, or share articles thanking parents. Filial relatives refer to parents or elders who are equivalent to parents. I agree with the traditional view👉 [Filial piety is the first of all good deeds], [Before helping others, you should take care of yourself or your family first]. What do you think?!

Thank you so much!

8. 1.Sponsorship rule-Commercial purpose: please choose C1, C2 or C3

C1: TWD333,333,333/brand

+1 self-media article

+BrandWall leave text message(optional)

C2: TWD111,111,111/brand

+1 self-media article

+ [Charitable] donation or [Charitable] things or services donation within the fiscal year of the sponsorship date, and its value needs to reach TWD222,222,222.- at least.

+please recommend this article to 11 of your customers or suppliers

+ BrandWall leave text message(optional)

C3:TWD55,555,555/brand

+At least 2 self-media articles on different topics

+After the sponsorship date, [charitable] donation service activities need to be held every year for at least 20 years, and the total activity expenditure during these 20 years needs to be TWD277, 777,778.- at least.

+ Please recommend this article to 22 customers or suppliers

+ BrandWall leave text message(optional)

+In your company, in any form, do this at least 1 time, to promote [eat healthily]+[do not waste food]

8.2. Sponsorship rule –Business management purpose: please choose BM1, BM2 or BM3, please pay in the name of your company. Thank you.

W = X or TWD111,111.- choose the higher one

X = 1-day salary of the top manager (CEO or person with management power > CEO) in 1 company

L1 = Level 1 managers who directly reporting to the top manager

It is taken as your reading it directly if you ask employees to report their thoughts after reading it; please you also need to sponsor according to the above rules. Thank you!

BM1: If the reader is the top manager of the company

Please sponsor W

+At least 1 self-media article

+ BrandWall leave text message(optional)

+Please recommend this article to 1 customer or 1 supplier

BM2: If the reader is the top manager of the company + unlimited number of employees in L1 position

Please sponsor W

+ TWD555,555 +[Charitable] donation or [Charitable] things or services donation within the fiscal year of the sponsorship date TWD555,556.-

+At least 1 self-media article

+ BrandWall leave text message(optional)

+Please recommend this article to 3 customers or suppliers

BM3: If the reader is the top manager of the company + all employees

Please sponsor W

+ TWD1,666,666 + [Charitable] donation or [Charitable] things or services donation within the fiscal year on the date of sponsorship TWD1,666,6667.-

+At least 1 self-media article

+ BrandWall leave text message(must)

+Please recommend this article to 8 customers or suppliers

+In your company, in any form, do this at least 1 time, to promote [eat healthily]+[do not waste food]

8.3. Sponsorship rule –Practitioners and students of vocational schools, universities, units or groups of public welfares, charities, religions, cultures and military/police/firefighting related etc., if you are also interested in this article, please choose below one option as your sponsoring this content:

NP1: In the name of your group or a unit within the group (e.g. society), provide at least 1 self-media article

+ BrandWall leave text message(must)

+ Each reader recommends this article to at least 1 person outside of your group

+ In your group, in any form, do this at least 1 time, to promote [eat healthily]+[do not waste food]

NP2: Each reader provides at least 36 hours of social service within the next 12 months.

+ BrandWall leave text message(must)

+ Each reader recommends this article to at least 1 person outside of your group

+ In your group, in any form, do this at least 1 time, to promote [eat healthily]+[do not waste food]

NP3: same as 8.4.

8.4. Sponsorship rule –in this item, it means general individual reader and those who work for other kind of non –profit organizations, I’m also grateful for your interest in this article, and you can raise fund to do this sponsoring in the name of the group you raising the fund, the amount is TWD111,111.-

+ BrandWall leave text message(must)

+ Each reader recommends this article to at least 1 person outside of your group

+ In your group, in any form, do this at least 1 time, to promote [eat healthily]+[do not waste food]

If you are an individual working in a profit-seeking enterprise, you can also ask your company to sponsor in the 8.2 manner.

If 8.3 applies to your situation, however, you are also an entrepreneur, a boss or，working for profit-seeking enterprise, how you need to do the sponsoring?!

(1) In the beginning of this page, it said multiple purposes users need to sponsor more than one items’ situation.

(2) Buddha says: ask your heart.(actually, you’ve already known how to it is the most appropriate)

(3) It is also in the article: if roles change, you are the content creator, what you want this kind of readers to sponsor?! Then, you do it that way! (2024/5/12)

Readers who receive this article recommendation please also kindly follow the above sponsorship rules. Thank you!

9. The [Company]( including above 8.3 and 8.4) that provided sponsorship for this article will mark the sponsorship date, company or brand name/name of your donation charity organization/other remarks, and company or product official website address under below [Sponsoring Companies].

Thus, if you find that a company or individual is using the content of this article but is not on the list of sponsors, please help remind them of the sponsorship.

Thank you very much for coming; I wish you get blessing because of your good deeds and good intention toward others.

[Sponsoring Companies]

Hi, this is Emily from Taiwan, finance and accounting work background; below is my Professional Background Introduction, you can also click LinkedIn to know my one-page work achievement description:

I graduated from the Accounting Department of Feng Chia University and the Executive Master of Business Administration of National Cheng Kung University. ( Topic of thesis: The Relationship among Product Function, Brand Image, Perceived Quality and Purchase Intention- A Study on Smart Phone in Taiwan Market)

If you are interested in my study, please click to know what I’ve learned inthe studying progress.

Below 3 articles describe my job searching situation after graduation for your reference:

【#JobSearch #Interview #Resume】 #FreshGraduates please come in (1of3)

【#JobSearch #Interview #Resume】 #FreshGraduates please come in

【#JobSearch #Interview #Resume】 #FreshGraduates please come in (3of3)

Honestly speaking, in these articles, you can know my accounting skill is👉 general😆! I really realize Accounting was when I worked for Pricewaterhouse Coopers (as an auditor, internal control consultant); there are many of my university classmates pass CPA exam, being the partners of the firms and Professors of Accounting in the universities, so obviously, it is my own learning problems that my accounting skill is not excellent. 😊

In above introduction, if you have this kind of concern……the concern is normal:

[ accordingly, is there only suggestions for finance or accounting work field in this article?! It is not persuasive and it is only Emily’s personal idea if it includes sharing about idea in Sales, RD…etc.]

Below describe how I obtained work management experience other than finance and accounting work field for your reference:

1.20⁺years company-wide work processes controller work experience; in this role, it needs to understand work details of other departments, their work KPIs and there is frequent discussion about internal control issues. 2. One of my work specialties is internal control, I use it to assist others in [reinforcing controls mechanism in work processes]+ defining work performance in [amount]or[number].

3.Bosses’ office work experience=10⁺years; there is great possibility of encountering things other than finance and accounting.

4.1+2+3=how you would define this kind of work experience?!

If the things you need related to the topics of this article, however, you decide [not] to read this content: I suggest you ask for advice from people in your company who is responsible for internal work process + specialized at internal control+ good at quantifying things.👈 Obviously, I’m a kind-hearted person; though you choose not to read it/no sponsoring this article, you can also have this suggestion! 😊

Helping others with expecting nothing in return is also a way of accumulating oneself’s blessing; do you agree?!

Below is the description of my work experience details:

I’m more familiar with consuming products and service industries, they are those companies providing products or services the individual consumers or family would purchase or consume, including special nature business such as tourism website, music(records) and aesthetic clinics group; The highest-level position I held was the CFO of a company with 500 employees, responsible for managing all non-sales units. I also served as an accountant and mainly responsible for producing accounting vouchers, at that time, I wanted to start working at the entry level in the financial accounting department; unfortunately, it lasted less than 3 months, when I was talking to my university classmates, she found me acting unusually quiet, and finally it was found that those routine work has made me a dull person or a person would react nothing, in my classmate’s [diagnosis], she suggested I changing job quickly, and it is better for me to work in a non-voucher producing job, and change as quick as possible. It proved my classmate’s diagnosis was correct(my classmate is amazing, there is no diagnosis program or Medical department for studying in Feng Chia University), and after that, I found similar situation happened to people who are also good at auditing or internal control work, I’m not alone! Producing accounting voucher work is not something bad (if it is a bad thing, I won’t invest in it in the beginning), it is just not suitable for me. There is no distinction between high and low professions, however, we cannot ignore the issue of suitable or not; there are lots of CFOs or finance and accounting work professionals who have experienced vouchers preparation works and they also have great work contribution with high accuracy and no need any revision, more than that, it costs them less than 1 second to identify the right accounting item for their booking(Debit/Credit), if you are this kind of person, you also have the opportunity for becoming work professional in the future. ( While building up this article, there are two news topics: Neuralink enables people with mobility impairments to "move by just thinking", and generative AI (artificial intelligence that creates new content and ideas), my conjecture that if medical profession and computer system technology are added, they may become a boon to the [accounting community] or the entire business community in the future⏩ salespersons only need to take a nutritional pill and when they are promoting business and spending and making money, they can use thinking to not only control their expense for not exceeding the budget but also to achieve sales target, their accounting comparison reports are also completed at the same time, there is only accounts reconciliation work needs to be done manually, and there is no one cannot think clearly because of their accounting work…this is not impossible; what’s your idea?!

I passed the Certified Internal Auditors (CIA) and Project Management Professionals exams (PMP), I also continue to study and pay license validity maintenance fees; because the refresher courses and knowledge scope provided in Taiwan market are not aligned with my needs for work, I stopped paying the relevant license fees and participating in refresher courses many years ago, I accumulated auditing and project management related work experience and practices by interacting with colleagues and work relevant suppliers and customers; my work experience related to the topic of the article are those work objectives of: personnel organization and cultural integration/adjustment work before and after company merger, one of the project leaders of the group's ERP operating system process integration project, one of the project leaders of total work quality improvement(including trade secrets work process implementation), and project auditing for your information.

Regarding [Startups] in this article, those information I share is things I found in experiences of interviews with startups teams when I was a job seeker for their CFO role and when I was one of the [representatives for investors].

I have no experience in starting up a business; however, is starting this blog considered starting a business?! ⏪What’s your idea?!

Below is the work introduction of my work role as a [representatives reviewers for investors]:

(1) I built up the review procedures by myself, my related work experience starting from year 2001 when I worked in the Chairman office of a company( it is not a venture capital firm)-I was responsible for reviewing the investee companies’ related documents and interviewing them, and all have been modified and developed when needed; hence, my job is not so similar as what you’ve heard about [ DueDiligence or D.D], I’ve shared related information in phone interview in a kind of consulting service and job seeking interview, you won’t see things mentioned in this article elsewhere.

(2) I worked with other department heads (they have no financial work background) and investors commissioned external lawyers and accountants.

(3) I was also responsible for interviewing employees of investee companies for knowing their work culture, and for any potential work organization adjustment issues, for assisting their releasing fear of being acquired or keeping and maintaining related work procedures and information transparent.

In this article, there is no discussion about how to define the price for buying/selling companies, and, regarding the way of buying side dealing with employees of selling companies, it belongs to allowing it to go with the flow naturally⏪ there won’t be layoff current employees, if they don’t feel comfortable about the new work culture of the sold companies or their newly arranged works, we respect their requesting for resignation.

In other topics in this article, I shared my related work experience and what I’ve learned in reading; all the charts of this article were created when creating this article. Therefore, if you find contents extremely the same as mine, there is huge [possibility] my works are plagiarised.

I hope this information is helpful to you. Thank you!

Subjects of Article Paragraphs are listed below:

1. What is Project, what is Risk?! Who can serve as the project manager?! Does Risk mean Danger?

Including possible risks arising from financial forecasting and point of views on the risk classification of investing in startups.

2. How the founders can authorize hired managers appropriately so that the managers will not overstep their authority without approval?!

Including different opinions from entrepreneurs and managers about [work authorization], and how to do [authorization].

3. What is the connection among the operating plan (business plan and financial model), budget, forecast and business analysis?! Are they just putting the same number in different places, right?!

Including advice for [operating plan] content.

4. According to 3., what information does the Business Analysis (BA) provide for the [Business Review Meeting] (BRM)?! (suggestions including 4 charts: Achievement and Trend Report, Cash Flow Control Chart and Sales Analysis, [Early Warning, Opportunity and Action Progress Summary])

5. Change and integration are also project-based work; please define OO first. What do you think OO is?!

6. For example: to change corporate work culture, the difficulty may come from people who have management power= people who want to change the work culture, it is possible.(This may differ from your company's corporate culture or environmental perception)

Including suggestions for ways of changing work culture.

7. Share: 1 form that must be used in integrating the work processes.

8. Because money is very important, use [internal control] in finance and accounting work operations to explain the internal control issues when establishing subsidiaries/business expansion. (Please answer first: In addition to morality and conscience, why should the CFO of the subsidiary need to obey the finance and accounting work instructions from HQ?!)

Including work practices, root cause explanation and suggestions.

9. Only companies that need an e- approval platform and need [approval records] and [approval efficiency] should read this.

10. Summary: Internal control, something about business management.

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-Let’s get started-

1. What is Project, what is Risk?! Who can serve as the project manager?! Does Risk mean Danger?

I learned the explanation of [risk] when studying [project management]. Hence, I would like to put them together for further discussion below.

Project: there is a specific [starting date], [closing date] in things or events, and they are called [projects], they don’t happen regularly or continuously. For example: everyone is familiar with [our company now is implementing ERP system], once the company decides to do this ting, there will be a clear [kickoff date=starting date], [expected completion date], thus, we can say it is a [ERP implementation work project]. It is the same situation that people usually hear about their companies are [preparing budget of the coming year], finance department is summarizing [ 2^nd half forecast], managers are eager to do the [OO report], there are already defined clear [starting dates], [expected completion dates] in those 3 things in [ ], therefore, they are all project works, though, the project size may differ from each other; size can be defined by the invested amount, number of people involved or number of persons being influenced, all is [quantified] to define the situation. People would say the [starting date] is not clear, or, the [completion date] is not clear or they cannot achieve it, however, it is accuracy issue rather than its feature of having a [date] or not.

In other words, regarding above ERP work, in a company that focusing on selling ERP software, [to assist clients in ERP implementation work] is a continuous work for them, that is, it is a kind of job of their sales or customer service department, however, as for their [specific client], it is a project-based work, thus, there is a [starting date] and an [expected completion date].

And, it is just like other kind of work, it also needs to define work [purpose] and [scope] for a project work, the work [scope] is defined by the work [purpose], if there is anything adjustment causing the project [purpose] needs to be changed, it will be taken as the original project end and it needs to start a new project, because, all the upcoming work contribution is not for the original work purpose.

In the content of article topic, taking the investment(investee) of new startup, budgeting and forecasting, internal work integration or work change as examples, they are all project-based work, please be reminded that when you do work procedures planning, you must clearly define [project purpose] and [scope], they must be written and announced to the project team members in order to ensure everyone in this team thinks the same, more than that, in this kind of work, it needs to define: the work threshold and contingency measures of [keep doing it in this way] or [adjust how we’re doing it or modify the purpose] or [ give up this project work purpose] in order to reduce possible loss. E.g.: Once we cannot obtain OOO documents, we need to give up this investment (to acquire other companies), new products development work procedures would delay for N months and it needs to postpone plant development (for budget).

Irregularly in my work situation, I was unexpected assigned to do specific works, it included kinds of work mission, and, for proving my work ability of dealing with things accordingly( rather than I have nothing to do so I’ve been assigned for other work😆), I got the motive to obtain the PMP license, and fortunately I passed the exam. I’m gratitude toward my managers and bosses and their affirmation and their giving me the opportunities to do the tasks not in my work scope, I always think it is their recognizing my work ability; what’s your idea about this point of view?!

Risk: [Uncertainty] is risk, because, the possibility of its suddenly happening is not 0%. The negative risk is the uncertainty of loss, the positive risk is the uncertainty of benefit exceeding expectation. I hope this kind of explanation would help you more to remember it and have a better explanation. Some people consider those benefit exceeding expectation is a kind of good thing, thus, they don’t care, however, my opinon is reserved; after you know the explanation of [finance forecasting] in below paragraph, I would like to suggest you considering one situation: OOO products sales result has exceeded OOO% of last month forecasted number, though, it is beneficial, however, does it mean the unit/subsidiary/BU GM cannot control their market situation in the beginning, or, they intentionally keep the opportunity hidden(there is already opportunity, however, they purposely forecasted less number)?! This is quite different with those companies that would like to conservatively forecast their finance number to announce to their shareholders, because the information recipients are different; for example: there is a country manager intentionally reporting lower forecasted result of their Q3 finance number to their Asia GM, this Asia GM also reports a lower forecasted result of their area’s Q3 finance number to their HQ President, if the HQ also reports to their shareholders a forecasted number based on their conservative assumption on overall Q3 finance situation, to sum up, there is 3 times underestimation in their sales forecast, it may result in their Q3 actual number seems unexpected bigger than the forecasted one(what if it is 3 times bigger?!)…will people think this company is not reliable or they have less finance forecasting ability?!

Therefore, in risk assessment, I suggest people take the topics in [#QualityManagement] scope into consideration: the [Environment] inside and outside of the company, [Legal] Compliance, [People], [Machine and Other Fixed Assets], [Material and Inventory] aspects, this is to ensure the completeness of the assessment, in addition, the elements of [Safety] and [Health] in [Corporate Social Responsibility] can also be included in the consideration( please combine your [Legal] with other dimension if required), there are totally 7 dimensions: to describe in short, they are People, Machine, Material, Legal, Environment, Safety and Health, you can also consider the explanation and chart of below [7PSales Analysis and Action].

Now, I would like to share things similar to startups, they are risk review and project manager issues in investment (or business acquisition): [transaction price], [risk of starting business and investment] and [selecting project managers].

(1) Transaction Price: this is the topic most people would focus, however, this is the [last] issue I concern; the reason is, in my work experience, the transaction price in a business investment or acquisition, it resulted from negotiation of both sides, sometimes, there is big gap between the result and the related number or assessment based on its financial statement, sometimes, they are irrelevant. It is majorly because…there is a great possibility the amount definition comes from the bosses’/investors’ foresight, it is not necessary based on business profitability forecast; for example: the risk of loss defined by the assessment of reviewers team may be [tens of millions] dollars, however, the significance of amount in their boss’ mind may be [tens of billions] dollars, or, [in order to save human beings’ life, it is never too much at all]. Accordingly, there won’t be price topic in this article.

(2) Risk of Starting Business and Investment: (legal related issues in this paragraph, you need advices, please consult to your lawyers, work practices of countries or companies are not available for reference here.) I personally define there are 3 kinds of biggest risks in this scope:

- [Risk on Experts].

- [Information Confidentiality](the investees’ technology/people/internal information which is revealed without any authorization, finally, they are not invested, either)

- [Completeness of Information] the risk of (the investors’ side didn’t obtain required information and it causes them wrong assumption and didn’t make right decisions on investment).

First of all, it is [Risk on Experts],it means, usually, the startups or investee companies would like to seek for external consulting organizations’ professional advice for their improving business management work mechanism, however, it usually and easily causes misunderstanding that they thought [venture capital firms] are also 100% professional business management consulting firms because of the work background of the firms’ employees; in my point of view, the percentage of 100% needs to be reevaluated per venture capital firms’ employees’ work experience and background for further definition, otherwise, it is possible those startups will waste time and work cost in seeking for help and also lose the opportunity for getting investment. Because, venture capital firms are for investment, and, business management consulting firms are majorly for business management purpose after all. Please refer to this article:[#BusinessManagement] Selecting Consultants is likeSelecting Talents:[Please Share an Example],

There is another example of company C, a retailing firm, D is the venture capital firm for C, C and D were interviewing me about the CFO’s work role of C, one of the interviewer is one of the fund management in charge person, he is also a senior partner of an extremely famous CPA firm and he is specialized at retailing business, this fund management team was also responsible for assisting C’s improving its management mechanism. I feel D is not qualified for providing consulting work for C, and the reasons are:

Reasons-

a. This venture capital firm and this startup’s commissioned external professional service providers (accountants or lawyers or underwriters…etc.) should be in a work partner relationship to assist this startup for achieving business success and all parties involved in this collaboration will get benefit from it rather than in a competition situation.

b. Any management aspects of a startup for being improved should be reviewed one by one in their overall management point of view and concluding related advice, they should be open-minded, and, [there is not only ERP, internal control or accounting policies] should be established well.

c. [Everyone knows] the company needs to make profit quickly.

Root causes-

i. C’s sales channel is internet [only], at that moment, it has not achieved target profitability, yet; the issue of not many sales channels and channel type is not listed in D’s list of advices.

ii. There were some pending tax issues, however, D took those topics as [questions in tests] for C’s selecting its commissioned external accountants firms. But, the in charge person, D, is the notable accountant firm work partner, he possessed resources of a famous accountant firm.

iii. Those advices D provided to C included: hire people as soon as possible, implement ERP as soon as possible, make profit as soon as possible; C’s brand owner registration issue was not listed in D’s advices.

Do you agree my opinion?! Please share yours.

Then, how to resolve this [Risk on Experts]?!

No matter you are startups( advices seekers) or you are venture capital firms(advices providers), besides providing advices based on those startups’ business introduction, operating plan or finance records, I suggest you asking questions or providing advices based on the [purposes] of dimensions:

I. IPO: for example, if the startup plans to go IPO, it is required to review and give advices based on those IPO legally defined requirements.

II.Work objectives of core departments: It is advised to start from the core business, that is, [products and sales, finance control] are the priority. The aspects of products involves in major capability of business management, it would talk about brand and techniques, the ability of development or manufacturing/design, sales capability and manpower, and it will extend to other related core issues of other department; regarding finance control, the startups need money, the major issues in the beginning and fundraising and simplified their disbursement, however, I think, if the company can carry out [accuracy](=use effectively), and invest time into the strength of [products and sales], I believe, it will increase investors’ work interests in them. What’s your idea?!

Next, they are [Information Confidentiality] and [Completeness of Information], in these 2 things, it seems there are conflicts in their purposes, however, there is also something similar: the most important thing in business deal is [integrity](or, so called honesty, trustworthy), this is also something [fundamental], and, this is also the most difficult things to control, at the same time, when two sides are signing work contracts, there may be many potential investors, so, the investee companies concern their internal confidential things will be revealed inappropriately, and the investors side would also want to avoid there is something intentionally kept hidden causing them making the wrong decision on investment intention, these both sides hope could [keep evidences] by doing some specific work procedures in order to protect their own rights and benefit and use it the future when required. However, based on the rule of honesty👈Do you/do your lawyers/judicial officers agree or not 👉Even if there are not specific terms in related contracts, things are not mentioned orally, in the work processes of the deal, the party who intentionally keeps things hidden or revealed, it is not only guilty, though, the deal may finally be formalized, the party which is encountering rights and benefits being infringed may formally file a lawsuit, and it is [not necessary they need to have sufficient evidence] , business deal with no honesty may be tend to be ruled invalid because their work progress is against those normal type, the victim sides may not directly receive any amount of pay back, though, the party which is breach of integrity will be found guilty.

As a reader, you may have heard of some related stories or news as the example: (investor side or acquirer is A, invested or selling side is B.)

i. A would like to acquire( regardless hostile merger or not), before the contract is formally confirmed, B purposely purchased lots of inventory that causing A not aware of the huge amount of accounts payable because the purchasing has not been booked in accounting.

ii. The legal representative or business owner of B, in the name of the company, they signs big amount of pledge or guarantee and B didn’t provide those record for A doing investment assessment.

iii. Similar to ii. , B deliberately conceal, or, the commissioned lawyers or accountants of A who accepted A's entrustment failed to pay due professional attention and didn’t find out B's already incurred liabilities, future payment obligations(employees pensions or promised purchase price increases of suppliers), or tax regulations violations (e.g. there is already failure of unified invoices issuance or tax evasion, but the incidents have not been exposed yet), the information is not provided to A, causing A miscalculating their investment intention or amount, it also results in pensions/severance payment obligation issues and risk between A and the employees.

All of above i, ii and iii are transactional risks that possibly deliberately created, or, they are caused from those professional service providers’ negligence, and the risk taker sides may worry their previous collected evidences are not enough and causing their loss the lawsuit in the future, however, in fact, the possibility of losing a lawsuit may not as high as imagined, the main reason is the risk creators‘ contra bonos mores deeds, or, the professional service providers/lawyers/accountants/acuarys failed to exercise due professional attention), for your reference.

However, in above situation, no matter you are A or B, please be advised to take below matters into consideration for your investment or fundraising reference, A and B both side must make consensus first before they continue doing investment/deal assessment (B has already decided its own intention of selling or it is confirmed there will be significant new shareholders):

i.B has expressed its own confidentiality terms when talking to potential buy sides/investors, and, it has enquired opinions from multiple As before issuing B’s invitation or intent inquiry letters.

ii. In contracts or intents, to list terms related to B’s employees’ retention or things in avoidance of B’s significant brain drain situation, or, terms and specific dates under these both sides decide agreement( such as employees’ benefit or conditions of their job switch), B needs to announce the plan or objectives of their company selling or being invested to its managers in the highest work level at least, and let them know the possible relevant timelines, the purpose is to reassure employees and to stabilize the technics/professions storage state.

iii. To include the list of B provided documents for reviewing, all meeting minutes or significant communication records between the two parties as one of the contract attachments, containing the record of A interviewing B’s employees (purpose: for work adjustment horizontally or vertically in the work organization, for verifying B provided terms of this deal, and for reducing risk in this transaction or protecting rights and benefits).

iv. To define a clear information about representatives for A and B and attend employees meeting at the same time for explaining the direction of work organization change (or not).

v. In A side, it is better to have this terms included in the contract of the transaction: A will not bear [liabilities]+[business commitments] incurred before [cutoff date/contract date], including but not limited to …, B needs to deal with it by OOO/OOO/OOO.

vi. Usually, A or B will have their own commissioned professional service providers, the purpose is to support A or B’s lack of related work experiences, and, because, these people possess professional work license recognized by Governments (certified for doing professional work), if there are failure to professional attention causing A or B’s significant losses, all A and B can do is to initiate claiming compensation or taking legal action for it.

vii. Regarding employees or work organization, there is an actual case for your reference: after interviewing employees, and, considering overall merged work organization combination and all the employees’ work experience and background, manager Q, current B’s employee, it is decided Q to take a higher work role and position in this new work environment.

viii.In aspects of employees and integrity in transaction, there is a case for your reference: in B’s situation, every time, when there is request for investment intent or investment review meetings, B’s CFO or Chief Accountant is always abscent because of any kind of reason, or, B’s boss doesn’t possess any accounting or finance professional work background, however, it is always B’s boss answering finance and accounting professional questions to A. Will this cause your doubt about the data provided by B?! For your reference.

ix. There is another case about integrity issues in a transaction for your reference, it involves people (employees or work in charge managers ), law (accounting principles) and professionals(accountants, lawyers) related risks; please refer to below Accounting Equation about [Expense], it is about a company acquisition, in the beginning, the selling side is a joint venture firm of both side, those managers of both sides have worked together for years, the work including managers of selling side need to submit financial statements to the buyer side. Every year in the past, the selling side has increased fake expense and not been found, the amount is significant, and, in transaction reviewing procedure, if the buy-side managers recognize those fake amount exists, it means, in the past, those buy –side managers failed to fulfill their management responsibilities, it caused the fact of selling side managers’ manipulating financial statement number being covered.

Major reason: the external accountant( CPA) agrees the company’s expense entries with no actual events called [the company conservatively assessment purpose], and the accountant commissioned by buy-side didn’t express opinion on this situation.

Root cause: risk on experts, and the work relationship and the situation of senior and high-level managers of both sides have work together for a long time.

Suggestions: it is very difficult to control risk on experts; and, what’s your idea about the work rearrangement that when managers of both sides have worked together for a long time, having deep friendship, in the work procedure of their M&A case, in buy-side, it is more appropriate to assign another team doing DD reviewing work and to [separate] the whole [current managerial team] which is managing the JV?!

More than that, in order to keep [financial statement number, work progress] transparent, [have an independent reviewing work procedure], when the sell –and- buy intents are confirmed, what’s your idea about the possibility of reducing all relevant risks if the buy-side interviews employees of selling side?👈 in fact, the atmosphere in the interview is not so serious, and the purpose is to understand the business culture, under the agreement of both sides, in my personal work experience, I suggest it is held like a situation similar to work candidates’ interview + arrange and announce interview time and name list + in 3 directions:(1)go with the flow(2) use logic(3)caring for employees. I’ve experienced twice, the interviewees really kept something hidden, they gave up hiding and quit the cases because they found it is difficult to answer(I won’t disclose the detail, the conclusion was end the business purchasing case and the interviewees gave up)👉because, the sequence of things happening in a designed story cannot answer questions out of interviewers sudden curiosity or caring, the answer of the interviewees and the sequence of things they have already shared, their content or logic is not aligned….at the end, all they can do is telling the truth (Please give understanding to interviewees and consider closing the interview).

Accounting Equation:

@Assets=@Liabilities+@Shareholders Equities

@Shareholders Equities=@shareholders invested money + #every year net profit(loss) in income statement

Input [positive] numbers in accounting record, thus, when assets decrease, it needs to switch its number to the right side; these rules apply to other elements in this equation. And, the nature of Expense is the 9negative number), it is spending money (assets decrease), accordingly, the amount spent in expense in Accounting Equation: Expense amount = Money decrease amount.

@shows in [Balance Sheet] #shows in [Income Statement]

Income: the company has delivered goods or provided services, the obligation has been fulfilled.

(1) If the money is received and the obligation is not fulfilled, yet, it is called received in advance, it belongs the liability rather than income.

Accounting Equation: money received = advance

(2) The obligation has been fulfilled and has not received the money, it means, the income has been generated, and the money has not received called accountant receivables.

Accounting Equation: Accountants Receivables=Income

(3) Has not received the money, yet; there is no goods delivery record or obligation, however, in accounting procedures, there is income record👉incorrect or false income record. Possible purpose: to create profitability number in income statement in order to increase its company value.

Expense: Incurred expense, such as utilities expense, advertising, OO expense, no matter it’s paid or not, because the resource is used, the expense is incurred.

(1) The company has placed commercial on TV, the expense is incurred and has not been paid, yet, it is called Expense Payable.

Accounting Equation: The amount of Commercials = Expense Payable amount

(2) The advertisement is in preparation, the agent has not fulfilled the obligation, yet, however, the company has paid related expense, thus, the paid expense is called [Prepaid Expense].

Accounting Equation: The amount of Prepaid Expense = The amount of reduced money

(3) In accounting record of the company, there is a record about [Advertising Expense], however, the advertising has not been placed or broadcasted, or, the agent has not prepared, yet, or, it has not been decided to advertised or not, and the company has already received related billing document or united invoice for the company’s accounting record.

Accounting Equation: Advertising Expense amount = Expense Payable

It means, there is accounting record, however, the real case of this record doesn’t exist, the amount of expense is false; it happens when the company has gained profitability( ex:2024), the company would like to increase this kind of fake expense under its profitability and when it is required to use this expense(ex:2025), in income statement, year 2025 actual expense is no need to record again in the statement, and at the same time, the company wants their external accountant to agree its explanation as [ the company would like to conservatively estimate its profitability, so the amount of expense they input in accounting record is more than the actuals] and the company has also honestly paid the tax because the excessive amount has been remove for tax purpose.

If the amount has been paid, the left side of the Accounting Equation won’t be [Prepaid], it needs to be [Advertising Expense].

For shareholders, this situation is: regardless the significance of amount, actually, it shouldn’t happen, the amount originally needs to be included in dividend but been deducted with no reason. It is so called: stealing shareholders’ money.

All related parties: the General Manager, Advertising service agent (false unified invoice) and the external accountant.

(4) Because the company of (3), before company selling, in order to maximize the number of profitability in income statement, its Balance Sheet has accumulated lots of [Expense Payable], thus, to correct the [Expense Payable] is to reverse its past [Advertising Expense], it becomes adding big positive number in current year income statement, this is beneficial for its company value in selling, it creates a valuable book value of this company again.

Accounting Equation: past accumulated Expense Payable= Past Advertising Expense

When Expense is moved to the right side of the equation, it becomes a positive effect to the financial statement.

( If you are not sure about this explanation of Income Statement, please ask help from your Accounting Department)

The new-hired CFO doesn’t know those Expense Payable situation in the past, she thoughts to correct the incorrect records is the right thing to do, though, the buy-side consider those number is too big to be true, they commission a law firm for investigation and finally layoff the CFO; it said the layoff is legal, however, they wanted the CFO to sign some weird documents for unknown reason.

To sum up, the company didn’t allow the CFO to attend the negotiation procedures of the business acquisition case but they wanted this CFO to be responsible for the wrong accounting record of the past situation, and, the senior person, the General Manager who has worked for this company for a long time said she knows nothing about it.

(3) Selecting Project Managers: [Managers], it means [a person in charge of this thing].

Thus, who can be this project manager?! (please refer to a similar concept in [[#ERP-#PMWho? ] IT keeps nodding when hearing this ] listed in e-Process Implementation

I would like to also use A and B roles in startups and investment cases in above (2) for explanation.

It is like project works in a company, first of all, it needs to convene [all the department heads] to build up a [project team], or, it could adjust the professional work background of the project team members according to its investment purpose.

For example: for A, if the investment or acquisition object is a company in the same industry, it is current managers of in current specific professional work fields to assess the investee team, unless….Company A has concern about work capabilities of their own current managers; and, for B, it is also the persons in related professional role as the contact persons, and it is for communication convenience purpose.

The rules of selecting a project manager are to consider its work coordination capability, it is reporting work efficiency, funding and the effects and legal issues (in my work experiences, there are not many people aware of the risk of B’s tax evasion, labor law disobedience and business owners off balance sheet commitments issues). In addition, ［the goal of the project］ is for internal benefit of the company, and the effects are for the company’s long term goal, accordingly, a project manager is ideally and logically an internal formal employee of the company, it is not appropriate an external consultant or professional service provider to take charge of it.

There were companies who have assigned their commissioned external lawyers or accountants as their project managers of their cases, there were no significant abnormal things happen during their investment or business acquisition works; however, nothing weird happened when cases were completed doesn’t mean the way those things being handled was appropriate. For example: if an external lawyer is the project manager of the company, during this project work progress, and, if the company is not satisfied with the lawyer’s professional work service, is it possible and easy to ask for change this lawyer?!　The project manager =the lawyer, how to lead the project team to independently and objectively assess their own service quality?! After the project is completed, is it allowed this lawyer no need to be responsible for any subsequent problems because the project is completed (their service work period is completed)?!

2. How the founders can authorize hired managers appropriately so that the managers will not overstep their authority without approval?!

Authorization, in my definition: it is the superiors give specific work scope and/or to employees of specific work level, and, the given work scope including the work power to review, to agree and to do specific things and related work rights and responsibilities. Please share with me if you have other kind of explanation. Thank you.

The purpose of authorization is to share and take the superiors’ workload, and, in the aspect of management efficiency, it is to give this work power to employees who have already possess its specific work professional and management ability to do these things, it is expected to have a better work efficiency and work result through this work model, and, because of work familiarity, these employees would take the initiative to take necessary attention toward works. Some business owners tend to define work authorization as [giving work power and honor], and some think it is [to spend money and hire work professionals to assist to achieve business goal]. In your mind, which is better?! And, what’s your definition about it?! There is no standard definition, please also refer to below story:

I participated a work interview, it was for a role of a [Special Assistant] to the business owner who has more than a hundred of employees, the business owner thinks: this [Special Assistant] will chair the suppliers meeting on my behalf in the future, if you are hired, in that occasion, all the suppliers will respect you very much(because this person is the representative for boss, the buyer side), and , this person is also a representative for me going to stores/malls, those store managers will welcoming you at doors (because of on boss’ behalf, the supplier representative)! Are you afraid of meeting strangers?!(I’m the work representative, because I’m the boss; give work rights and responsibilities=give honor)

I answered: I’m not afraid of talking to strangers, my OOOO work experience can prove it; however, I would like to exchange idea learned from my past work experience and work environment: working as the representative for the company to maintain external work relationship is a kind of [necessary work responsibilities a manager person must take at work], if this kind of thing [needs our boss to handle it], it means we these managers’ [professional work capability is not enough to reach what it needs]. (Because of our not enough work ability, so we need our boss to handle it; it is what the work nature is, it is not a kind of being given work honor) although, the business size are differ, for professional work managers, the degree of respect from us toward a business owner of a hundred of employees is the same as toward a business owner of more than ten thousands of employees.

Do you agree this point of view?!

How to authorize properly in order to avoid any authorized persons overstep their authority without approval or causing any frauds?

Content in this paragraph are the observed work practices of many business owners and related internal control mechanism:

(1) The government, laws and contracts: It means, usually, the laws of a country have defined the legal effects and responsibilities of employees above a certain work level in their company for their conduct on behalf of the company, and, when the company is hiring, appointing or doing degradation, it will naturally define the work rights, responsibilities and legal responsibilities through the form of contracts; the work detail won’t be discussed here.

(2) Internal control: when bosses authorize their work power, they utilize [cross-department work roles and responsibilities checks and balances]+[contracts/internal work rules] to regulate employees in managerial role should have the work obligation and ability of [identifying the timing of reporting proactively]+and, [(depends on company size)building up the internal audit unit for doing auditing work irregularly or periodically] to prevent fraud or concealment from occurring.

Regarding cross-department work roles and responsibilities checks and balances, it is mainly doing this by defining internal control mechanism in [work processes], please refer to this article to know its work scope related suggestions: Policy Design[ReferenceResources].

- It is to ensure the employees know they need to take the initiative to report to their manager about their work result or something abnormal, it is a kind of internal control, the employees cannot say they don’t know this work obligation or responsibility.

- Regarding people in managerial role, especially those in top work level who need to directly report to the business owner, and based on their professional work judgement, they should proactively report to their bosses about abnormal situation or they need to request for approval before they want to do some specific things; and, in some situation, though, they’ve been authorized, they also need to get the approval before working on specific work mission (being the company representative to do significant business negotiation), or, do the work first and report later(for emergency response measure).

- The overall situation of the report content and report work efficiency is a kind of internal control.

- The form of reporting: for the purpose of documents filing, repeatedly reviewing, backup or legal related things, the company can consider asking the department heads to prepare [Weekly Work Report] and to submit it in Email to their bosses or CEO to report their work progress or significant things in that week, although, they may have reported orally, this can be the written record of their report.

(3) Treasurers, Butlers report to bosses directly: it means, the business owners still mange [money] and [people] directly, they are CFO and CHRO. Usually, when business owners are planning their work authorization, they invest extra cautious when selecting these 2 managers, or, they choose their [most reliable persons( not necessarily possessing related professional work background)] to work in these roles, regardless the work level, they directly report to the bosses/Chairmen/business owners; the purpose and benefit of doing this is to achieve above [cross-department work roles and responsibilities checks and balances] internal control purpose, it is mainly because all operating activities need to recruit [people] and spend/earn [money], and finally , they need to create [accounting records][properly] and [independently]. About these two work roles and position, though, they may sometimes lower than hired high level work managers, they are not easily influenced by those managers, and in this kind of situation, it can prevent from fraud and realize the business monitoring work function (we usually see a company only defines its finance and accounting department head or HR head in manager work level only, they also report to the General Manager, and, if the General Manager wants them to do something abnormal, it is easily to cause people who work in these two roles change frequently or they work with the General Manager as the joint fraud accordingly…the internal control is weak/because people of other work departments thus have no ways to report this situation, and it cannot be found timely, and the auditing work may also be too late, it causes loss of the company).

(4) Ancestral recipe is locked and kept in a strongbox, people must have 3 keys to unlock it: it means professional skills, such as R&D technology in high tech industries or the products development capability of recipes in food industries, besides to authorize to business owners’ family members, in some companies, they adopt the way of work division, it is, to complete a work technique, it needs kinds of work procedures/multiple departments works or work contributions from many managers, and they do it this way to keep the technique confidential. When it is necessary, to decentralized work power or make it dispersed is a kind of internal control.

(5) Regular customers coupon: it means, the bosses are still directly handling the work relationship with major customers or the work interaction, although, they have authorized sales management work roles and responsibilities to Sales Head, the business owners will irregularly visit these customers or directly handle significant customers events in order to maintain their familiarity and relationship with customers.

Because of business characteristics, some companies also interact in the same way with suppliers who have supported their business growth for a long time.

It is not a way of treating customers or suppliers differently, the business owners have already authorized the work rights to those high level managers to interact with customers and suppliers, and because it is work [authorization], the work effect in legal and in actual deeds of those managers are the same as their business owners’; it is a common situation in the path of business growth, it is also similar to [ skipping level interviewing employees], that is, the higher level managers authorize their work power to middle level managers to manage entry level work employees, however, it doesn’t mean the higher level work managers cannot talk directly to the entry level employees from now on, and the higher level managers can ignore middle level managers and to talk directly to entry level employees about work issues when they think the timing is right and they need to do that (in some companies, it is called BOSS/CEO tea time, or, there are much more creative definition for that kind of meeting), they do the same say with their suppliers and customers, and the only difference is how they do it and their purpose of doing it. Skipping level management(Higher level superiors skip direct managers of employees and interview those in entry level to know their opinion directly) is also a kind of internal control mechanism.

Please also refer to these articles regarding the topic of this paragraph

[Know the #Purposefirst]Dealing with employees’ complaining others

How to know Group HQHR policies have been followed by all the subsidiaries globally?

If you don’t understand above [internal control] description, please consider use part of your sponsoring return in [Ask Me a Question] Thank you!

1. What is Project, what is Risk?! Who can serve as the project manager?! Does Risk mean Danger?

2. How the founders can authorize hired managers appropriately so that the managers will not overstep their authority without approval?!

P01-P02 https://whatsyouridea1996.blogspot.com/2024/03/startups-plan-control-integrate-eng.html

3. What is the connection among the operating plan (business plan and financial model), budget, forecast and business analysis?! Are they just putting the same number in different places, right?!

P03 https://adv1996.blogspot.com/2024/05/startups-plan-control-integrate-eng03.html