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3 Strategies to help reduce margin pressure in your business
Almost every business will experience a rise in costs somewhere along their supply chain: raw materials, transportation, wages and more. Between these rising costs and growing competition many businesses are experiencing significant margin pressure, which is eroding profits. So what should businesses be doing to avoid margin pressure? Here are three strategies to consider.
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5 reasons that Governance is a must for a business to grow
For every business to grow, whether big or small, good governance is essential. There is no shortage to the benefits of what a governing board can bring to an organisation, but here are our top five.
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The top 5 business growth challenges
For small to medium-sized businesses, there are a number of factors that can inhibit the future expansion of a business – changing markets, the loss of a big client, inability to accurately scale resources. There are five main issues that constrain business growth.
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What are the practical implications of the new property tax rules?
As many readers now know, a new wave of tax compliance has been imposed on taxpayers who purchase residential properties. Unfortunately, for the unsuspecting few, this could lead to a visit from the Tax Department. So as the dust settles on the new property tax rules what do taxpayers need to be aware of and what is the likely future impact of the changes? First let’s quickly recap the new property tax rules…
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When is it time to initiate your business exit strategy?
One of my all-time favourite songs has to be the iconic “Gambler” by Kenny Rogers. Any self-respecting karaoke party or late night sing along would be incomplete without someone belting out this legendary story, which holds some great advice.