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

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


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