Business Management

As 2025 draws to a close, many small and medium-sized businesses (SMEs) are feeling the squeeze. Wage costs have climbed, supplier prices remain stubbornly high, and competition for skilled staff continues to pressure margins. Add to that the seasonal cash-flow crunch leading into Christmas and it’s no surprise many business owners are feeling stretched.

For business owners, as we approach the End of the Financial Year, it is important to gain a true understanding of your potential tax position and establish a variety of business strategies for EOFY 23 and leading into FY24.

As a globally connected economy, remaining at the forefront of industry trends, regulations, and environmental changes is essential for business owners within the transport & logistics sector.

Understanding how Key Performance Indicators (KPIs) in your business affect profit is the key to increasing profits. Not all businesses are the same and, therefore, there will be different drivers that will result in increased profits for each type of business. Service-based businesses will have completely different KPIs from a business that sells products, whether they be manufactured in-house, wholesale or retail. Also, increasing revenue is not the only way to increase profits, controlling expenses can be equally as important.