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How can a fish pond become profitable?
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[QUOTE="Caramelle, post: 203889, member: 150"] [JUSTIFY]It appears that your uncle was not personally involved in the operation of the fish pond and that he didn't place sufficient control over it. I assume that he lived in another place and only pays a visit to the fish pond occasionally and was not in a position or state of health to conduct regular monitoring. Otherwise, the workers would not have had the opportunity to steal from the pond. They would not have dared to take fishes at their liberty. That is the big lesson here. When we start a business like this, we have to be knowledgeable about it and be on top of it. When workers are given opportunities to take advantage of weaknesses in the internal control of a business, even the most ethical and honest ones could be tempted. Given that humans have economic needs, it is easy for them to get tempted when they know that there is a remote chance of being discovered and penalized for their illegal acts. Placing adequate internal controls and taking an active role in the management and operations of a business are just two of the solutions that small business owners can take to prevent pilferage and misappropriation of resources. [/JUSTIFY] [/QUOTE]
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