The rapid spread of the COVID-19 virus has begun to initiate an economic downturn and spurred a series of rapid responses on the part of the government. There have been so many proposals and versions floated regarding employee policies during the public health emergency that employers are understandably confused. Though there was an initial belief that the crisis would require businesses to make permanent reductions in their work force in order to survive, the final version of the Act may make these types of drastic actions unnecessary.
1 min read
Getting ready to exit your business?
When you sell up, you want your business to have as much inherent value as possible – so you get a good price, a great return on your investment and the best possible payout.
Topics: Running Your Business
2 min read
Fundamental three to successfully scale up your business (part 3 of 3)
There are three fundamentals to successfully scale up your business: having a clear organization structure, having comprehensive systems, and developing great leadership.
Topics: Running Your Business
2 min read
Fundamental two to successfully scale up your business (part 2 of 3)
There are three fundamentals to successfully scale up your business: having a clear (and documented) organization structure, having comprehensive systems and processes, and developing great leadership.
Topics: Running Your Business
2 min read
Fundamental one to successfully scale up your business (Part 1 of 3)
Growth brings increased opportunity, but at the same time, increases risk. Poorly managed risk can cause failure, even if the business is growing.
Topics: Running Your Business
2 min read
Price Elasticity of Demand
Price elasticity is an economic concept that you should get to know. It is instrumental in understanding demand for your product and the price you can set for it.
Topics: Running Your Business
2 min read
Employee benefits and the link to staff engagement
Only 15% of the world's workers are engaged and reaching their full potential at work, according to research by Gallup. Increasing that engagement is a key aim for many business owners.
Topics: Payroll Running Your Business Employees
2 min read
Make your business more profitable
Making a profit isn’t something that happens overnight – to create a good return from your business you need a clear focus and a well thought-out strategy for increasing profitability.
Topics: Running Your Business
1 min read
Is my accountant a cost or investment?
Accountants tell their clients to reduce their overhead costs as one of the seven ways to grow your business. One of your overhead costs is your accounting fees. So, is what you spend with your accountant an expense which needs to be reduced, or is it an investment?
