Setting financial goals for 2022/2023. What should be key drivers? Revenue growth or profitability?

Setting financial goals for 2022/2023. What should be key drivers? Revenue growth or profitability?

Revenue growth Sales growth is one of the most basic barometers of success for any business. You can calculate revenue growth in three simple steps: Track sales from one period to the next. Subtract the previous period’s revenue from the current period. Divide that number by the total of last period’s revenue. You’ll get revenue growth expressed as a percentage.…

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Micro SMEs in Tourism to focus on affordable technology

Micro SMEs in Tourism to focus on affordable technology

Typical tourism-related SMEs include businesses such as hotels and homestays, spas and Ayurveda treatments, cafés, food, and drinks, traveling, tour guiding, surfing and diving, and souvenirs and handicrafts, to name a few. Every economy and the Sri Lankan economy is no different, relies on the contributions of small and medium-sized firms (SMEs) to thrive. Small and medium-sized enterprises (SMEs) and…

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Developing wellness tourism, a key focus for economy

Developing wellness tourism, a key focus for economy

Wellness tourism refers to travel undertaken with the goal of increasing health and well-being via physical, psychological, and spiritual activities while on vacation. Wellness tourism is often associated with medical tourism, owing to the fact that the tourist is motivated by a desire to improve their health. The difference between wellness tourists and medical tourists is that wellness tourists are…

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Protecting wildlife is an important aspect of sustainable tourism

Protecting wildlife is an important aspect of sustainable tourism

Wildlife tourism is a tremendous instrument that nations can use to build and diversify their economies while also maintaining their biodiversity and reaching a number of Sustainable Development Goals, according to the World Wildlife Fund. It also serves as a means of involving visitors in wildlife conservation while also injecting funds into the local people that are closest to animals.…

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Sustainable energy is more than a concept for businesses

Sustainable energy is more than a concept for businesses

World energy consumption is continuing to rise, and global power generation is responsible for more pollution than any other single activity. Virtually all regions of the world have renewable energy sources, and businesses need to become leaders in the renewable energy movement, in order to preserve our environment for generations to come. The importance of our environment should not be…

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Trends in recruitment

Trends in recruitment

Within the past decade, there have been substantial changes in the recruitment sector, as well. Some of these advancements have taken place at a glacial pace, while others have occurred with breakneck speed. The most significant changes have happened as a result of technology improvements, which have, in turn, transformed the nature of the employment process. It seems that this…

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