No one really wants to pay more taxes than what they have to. After all, taxes can drastically reduce the profits, especially since they focus on the cash or stock. If you think about it, there are millions of other ways to use those money.
Tax avoidance versus tax evasion
Make sure that you know how to make the difference between avoiding taxes and tax evasion. Avoiding taxes is legal and implies a series of procedures needed to minimize the costs of these taxes. The second one is not so legal and can put you in a prison. Continue reading →
Your vision on how your company works might be different from your partners’ opinions. The same rule applies to your colleagues and even workers. Furthermore, you obviously need some measurements for success, but the problem is that they are not always compatible with your vision. When people choose their own reference points and use different maps to measure the success, your company will most likely waste a lot of valuable resources. However, if you have a common vision, you can use it to coordinate resources and direct them toward the most important activities for a good final result. Continue reading →
Your inventory is practically a hot egg. You have to pass it over pretty fast or it starts burning. It does not just burn your fingers, but also your wallet.
How to look at your inventory
It is vital to reduce the execution times within your business. If you spend more time than what your client is willing to wait, you will lose the order. From that point on, you will need to block a particular part of the inventory in order to keep the other customers happy. Continue reading →
How many individuals do you actually employ? How many of them actually play an active role in boosting the efficiency of your business? All these things are related to gaining more with less resources. Can you do it?
The concepts that define your business
When it comes to improving your company, there are a few low fruits that can be grabbed immediately. These are the quick and easy solutions that are also temporary. Obviously, the tallest fruits gain more sun exposure, so they are tastier, yet harder to get. Continue reading →
If used accordingly, electricity might become the best exchange currency for your company. But do you know when and where you actually use it? Do you use such details in order to seal the best deals? So how do you monitor and control the use in order to be efficient?
Identifying the energy consumption
It is impossible to manage without any information. Get in touch with your provider and keep an eye on your energy consumption. Find out where your energy is consumed with an entrepreneur’s help. The equipment must be monitored round the clock, while most professionals charge about 50% of the savings. You can just as well get your own equipment and find out yourself. Continue reading →