Friday, 24 February 2012
In this week's newsletter, we have reproduced the analysis section of the latest Adcorp Employment Index, released on February 13th, which we found very interesting. In it, Loane Sharp, labour economist at Adcorp, analyses that over the past decade, two important personal income trends have emerged in South Africa.
Salient features from the January 2012 Adcorp Employment Index
When looking for ways to manage expenses, you first have to determine if you are incurring losses, breaking even or just barely making a profit. If you are losing money, it may make sense to trim enough costs to offset those losses.
Create reports every week to examine both your income and expenses. Make adjustments as needed, especially where you are spending more than you've budgeted for.
Areas important to your business's revenue, such as production and marketing costs, should be among the last items cut.
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