Small Business Focus

How to respond to the VAT hike (and capitalise on the rising cost of everything)

VAT is on the rise.

Petrol levies are up.

Costs will rise, everywhere.

There will be shifts, changes and adjustments to pass the costs on.

Consumers will push back against retailers.

Retailers will push back against their suppliers.

They will push against their staff, service providers and anywhere else they can.

All parties in the value chain will tussle to hold on to their margins.

What can you do as a business owner to respond positively to the push and capitalise on the rising costs of everything?

The Money Show's Bruce Whitfield interviewed Aurik Business Accelerator founder Pavlo Phitidis.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

In tougher times… you really don’t want too much change in staff…

Pavlo Phitidis, Aurik Business Accelerator

There are so many pay-as-you-go offices… That trend is accelerating… How much space do you actually need?

Pavlo Phitidis, Aurik Business Accelerator

You’ve got to enable people to work digitally…

Pavlo Phitidis, Aurik Business Accelerator

We’ve saved R180 000 per year on our accounting software…

Pavlo Phitidis, Aurik Business Accelerator

It’s always worthwhile to look at your risk management and funding costs annually.

Pavlo Phitidis, Aurik Business Accelerator

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : How to respond to the VAT hike (and capitalise on the rising cost of everything)


Recommended

by NEWSROOM AI
Read More
How to turn ‘talk’ into ‘walk’ (because vision is nothing without execution)

How to turn ‘talk’ into ‘walk’ (because vision is nothing without execution)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

How I started a profitable micro-business in no time with only R1000

How I started a profitable micro-business in no time with only R1000

Valerie Pole took R1000 and turned it into a thriving micro-business. She then wrote a book to help others do the same.

Why businesses stop growing (a lesson for entrepreneurs)

Why businesses stop growing (a lesson for entrepreneurs)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

Woman entrepreneur? How to juggle your business and personal life…

Woman entrepreneur? How to juggle your business and personal life…

Ray White interviews Yiedi CEO Jayshree Naidoo about the special challenges female entrepreneurs face and how to prepare for them.

How to break your business (in order for it to grow)

How to break your business (in order for it to grow)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

‘Americans are brilliant at consumerism! Brilliant!’ (lessons from the US of A)

‘Americans are brilliant at consumerism! Brilliant!’ (lessons from the US of A)

Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis for his weekly small business feature.

Popular articles
Hits from the bong (it’s legal!)… then off to work I go?

Hits from the bong (it’s legal!)… then off to work I go?

The consequences of consuming dagga at home and showing up at the office high. Bruce Whitfield interviews a labour lawyer.

Heinrich Volmink could've been a good mayor but Dan Plato gets the livery collar

Heinrich Volmink could've been a good mayor but Dan Plato gets the livery collar

Prof Jonathan Jansen sings Volmink's praises as Dan Plato is elected to lead the City of Cape Town taking over from De Lille.

'We can barely enforce tobacco legislation, how will we to deal with dagga?'

'We can barely enforce tobacco legislation, how will we to deal with dagga?'

International law enforcement expert and former Drug Unit Commander Lobo das Neves says ruling opens a different can of worms.

Key things to consider ahead of your retirement

Key things to consider ahead of your retirement

If you’re a baby boomer on the brink of retirement, here are a few things to consider ahead of time.

17-year-old learner killed teacher for not allowing him to jump the food queue

17-year-old learner killed teacher for not allowing him to jump the food queue

Spokesperson for Education department says the fact that this learner is still in Grade 10 at 17 may indicate there is a problem.