Tag: Business

Marking a Milestone: 50 Years and an Economy’s Youthful Vigour As Vietnam gracefully approaches a truly significant moment – the 50th anniversary of its Reunification and Liberation Day on the 30th of April, 2025 – the air is thick with reflection and anticipation. It’s a time to contemplate a journey of national endeavour that, over…

How Local is the New Advantage: Rethinking Global Supply Chains

Apr 21, 2025

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For years, global supply chains were the gold standard. Offshore manufacturing, cheaper labour, and bulk international shipping helped businesses drive down costs and scale up fast. But if the past few years have taught us anything, it’s this: what looks efficient on paper can turn into a logistical nightmare when the world shifts overnight. From…

10 Powerful Ways to Use Automation in Finance

Apr 11, 2025

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In today’s fast-paced business landscape, automation in financial operations is no longer a luxury, it’s a strategic necessity. Automating financial processes enhances speed, consistency, and accuracy while reducing human error and freeing up time for higher-value tasks like strategy, analysis, and customer engagement. Below are the 10 most impactful areas where automation is transforming financial…

The Basics of Supply and Demand

Apr 11, 2025

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In the world of business and economics, few concepts are as fundamental or as powerful as supply and demand. Whether you’re pricing your services, planning your inventory, or simply trying to understand why fuel prices spike overnight, this basic principle is always at play. This guide breaks down the basics of supply and demand, explains…

The Effects of Tariffs on Global Trade: Understanding the Impact

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Tariffs, essentially taxes imposed on imported goods, play a significant role in shaping international trade dynamics. By influencing prices, tariffs impact not just trade volumes but also economic relationships between countries. Here’s a comprehensive exploration of how tariffs affect global trade, illustrated by detailed examples from New Zealand. How Tariffs Influence International Trade 1. Increased…

The Importance of Internal Controls in Accounting

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Internal controls are the cornerstone of reliable accounting, essential not only for maintaining accuracy but also for protecting businesses against fraud and financial mismanagement. These controls are systematic measures designed to ensure that financial operations are transparent, accurate, and secure. What are Internal Controls? Internal controls consist of procedures and practices that businesses implement to…

How Do You Know When Your Business Will Start Making a Profit?

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Are we charging enough? Are our costs under control? When will this business finally start turning a profit? Use break-even analysis to find out It’s one of the simplest yet most powerful tools to help you figure out the bare minimum your business needs to earn before you start making money. In this article, we’ll…

The Role of Interest Rates in the Economy

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Interest rates might seem like abstract figures discussed only in financial news, but they quietly shape almost every financial decision we make, from personal budgeting to national economic policies. In this blog, we explore exactly how interest rates influence our lives, businesses, and the broader economic landscape. Understanding Interest Rates In simple terms, interest rates…

Smart Saving Strategies Amid Rising Living Costs

Mar 13, 2025

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