Business Planning

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What Is An Intangible Asset?

Assets may vary with convertibility, physical manifestation, and duration, but all of them are equally essential to an enterprise’s success. They play a vital role in the everyday operation and existence of both a start-up and an industry giant in the world of business. Whatever asset your business harbours, hold on to that and try …

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What Is A Tangible Asset?

The Wealth Lab is back again! Assets are a vital part of any enterprise, may it be a start-up or a multimillion company. It holds a significant economic value that facilitates the continuous operations of your business. It increases a company’s value and helps in generating its income and revenue. Anybody can own an asset …

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What Is A Fixed Asset?

The Wealth Lab is back again! An asset is any valuable resource owned by an individual, a company, or an enterprise that can generate money in the future. In layman’s terms, it is anything that a person owns. The term “asset” is commonly used in several fields, such as accounting, business, and finance. But the …

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10 Steps in Becoming an Influential Leader

Over the years, management has changed from ultra-authoritative to a more collaborative style, emphasizing influence. However, nobody becomes an influential leader overnight. To carve influence, you have to put in a substantive amount of time spent learning, re-learning, and even unlearning leadership practices.   The Oxford dictionary defines influence as “the capacity to have an …

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How Are Share Dividends Paid?

Aside from the net and gross profit, investors of large companies look for another calculated metric before putting their money into a company—the dividend yield. The dividend yield lets investors know how much they will receive per year concerning their original investment. A higher yield shows how financially competitive a company is relative to its …

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How to Motivate and Retain Employees in Your Business

It’s a challenging time for businesses negatively affected by COVID-19 even after a year – there are still variances, especially in motivating and retaining employees. On the one hand, you want to keep valuable talent as you course through this challenging time. On the other, the threat of financial loss is real as your bottom …

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How to Calculate a Percentage Change?

When it comes to mathematics, some people are afraid of it. It might be for good reason since numbers struck fear into everyone’s hearts when we were young. You might be thinking that you do not need it outside of the four walls of the classroom. However, there are many ways that you can apply …

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What Happens If I Miss MY PAYE Payment?

Where ever you will go, no matter what your status is, you cannot avoid the responsibility with tax. It can be your most significant contribution to the community and your duty as compliance with the government, or so they say. This article will also discuss paying an income tax through PAYE (Pay As You Earn) …

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10 Tips for Establishing a Successful Online Business

There’s no better time than now to start an online business. As we know it, life has now adapted to this new normal of social distancing and staying indoors. With the Coronavirus crisis affecting the whole world, human behaviour has drastically changed towards an online presence instead of a physical one. E-commerce websites are fast …

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3 Ways the IR35 May Likely Impact You

The IR35 or the “off-payroll working rules” has existed for almost two decades. Before its stricter implementation in 2017, contractors had the freedom to choose whether they are inside IR35 or outside IR35. However, many, if not all, contractors decided that their contracts fell outside IR35 so that they can reap the benefits of full-time …

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