Posts Tagged 'Budget'

With thanks to the O2 Ideas Room for blog posts…

1. Hire the best. Have and hire only employees who continually impress you with their initiative and competence. Let everyone else go. Increasing profits comes from great employees, not average ones.

2. Establish your R&D Department. Turn your customer service department into the R&D Department of your company. Develop a culture in your business which will encourage lateral thinking.

3. Review Customer issues. Is there a lack of effective communication channels with your customers or is ...

With thanks to the O2 Ideas Room for blog posts…

Cash flow is the lifeblood of any business and these days is even more important than ever.

Below are a number of simple approaches to use when operating your business.

1.     Minimum Stock Levels. Keep your stock to a minimum. Only hold the stock that you know you can sell in the next 60 days. A business that normally holds 100k of stock, reducing this by 25% will inject 25k into the ...

With thanks to the O2 Ideas Room for blog posts…

A marketing plan is a core component of a business plan. It relates specifically to the marketing of a particular product or service and it describes:

• An overall marketing objective

• A broad marketing strategy

• The tactical detail related to specific marketing activities

• The various costs associated with these activities

• Those tasked with delivering these activities by name

The starting point for any marketing plan is an analysis of the strategic context, as a typical objective for most ...

As widely anticipated, the Budget focused mainly on cutting expenditure, but also included various taxation measures. The small business owner was saved from higher taxes but really there was no assistance or incentives given.

• No changes to income tax rates, income levy, or PRSI for 2010.
• Universal social contribution scheme to replace PRSI, the health levy, and income levy to be introduced in 2011
• No change to income tax bands, allowances or credits
• Increase in effective tax rate for ...
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