Saturday, 30 March 2013
Action, Reaction, Consequence.
Every Action has a reaction and this is something that should become the way we think on a daily basis. For example, businesses are generally started by Entrepreneurs for various reasons. They take risks and build their businesses to sustain their needs. When the business gets bigger, they take on staff and further responsibilities. To maintain their profit levels they need to keep costs in check. If they have investors, there is even further pressure to be profitable in order to pay their shareholders the return that they expect. If costs are increased, either prices of products need to rise, cuts have to be made or less profit needs to be expected. If it is your business are you happy with less money in your pocket? It is you who has taken the risk and made sacrifices to set up and run your business. With the latest legislation coming into the marketplace with regards Health Care, steps to reduce costs and maintain profitability or even survival have to be taken. Read what is happening in the restaurant sector. Action, reaction and consequence.
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