Have you ever heard the saying, ‘Get the right people on the bus”? This also implies getting the wrong people off the bus, and the right people in the right seats! Unfortunately ‘The Bus’ itself is rarely discussed. So what if your business isn’t a bus? Maybe it‘s a jet boat with two seats or […]
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Inland Revenue’s Accounting Income Method or AIM is now into its second year. It’s currently provided through three accounting software providers, such as Xero, as part of their package. The software effectively ensures AIM is tuned into a business’s real-time financial information which then determines the real-time tax liability. Richard Owen, small business segment leader […]
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This isn’t typically a place where you will find a lot of wastage. Our experience is that business owners are very careful about managing their expenses, and the smaller the business is, the truer that statement is. Having said that, as a business grows, so do the layers of hierarchy. Management control can deteriorate, and […]
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Your gross profit margin is what is left from your total sales after variable costs are deducted. For example, if you are a retailer and your sales in a given period are $1,000,000 and the cost of the goods you sell in that period is $650,000, then your gross profit margin is $350,000, or 35%. […]
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Have you ever heard the saying, ‘Get the right people on the bus”? This also implies getting the wrong people off the bus, and the right people in the right seats! Unfortunately ‘The Bus’ itself is rarely discussed. So what if your business isn’t a bus? Maybe it‘s a jet boat with two seats or […]
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The Identity Iceberg is a very popular concept we created to help guide people through a process towards identifying the core values for their businesses. While there is more to this process that can help you unlock your core values and show you the implications of these critical foundations for your business, we wanted to […]
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