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Showing posts from January, 2023

What Is ROI And Why It Is Important To A Business

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 Hi, It has been a while since I stepped into an unknown territory without calculating the risk. My accountant keeps me in the loop by informing me about the ROI for every department and activity undertaken by my business. It was not the case when we were just a start-up because we did not have the projections we needed. It was only after we realised the importance of making informed decisions, we have been making profits. Using ROI helps in all aspects of the business, ranging from hiring employees to assessing their performance and buying equipment for the entity. I am sharing an article here to explain the importance of ROI for a business.     https://www.business2sell.com.au/blogs/evaluation/what-is-roi-and-why-it-is-important-to-a-business

WA's native logging ban blamed for 'devastating' closure of Nannup timber mill

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 The small West Australian community of Nannup has been left devastated by the closure of the town's timber mill, which the council says could drive "a significant amount" of the working population away from the area. After almost 50 years in the timber industry, Neil Marlow is now out of work after the state government's ban on native logging led to the closure of the 100-year-old mill. Mr Marlow, who started working at the mill when he was 14, was among the 45 people who lost their jobs when Parkside Timber closed the doors yesterday. "I don't think it has really sunk in yet," he said. "That's all I know, so for me to try and get another job is pretty grim. Read More: https://www.abc.net.au/news/2023-01-19/nannup-timber-parkside-closure-wa-government-support/101872022

Kununurra resident takes 4,770km journey home from airport after record-breaking WA floods

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 Detours are a minor inconvenience for most motorists, but for one man it has resulted in a near-5,000 kilometre road trip past some of Australia's most iconic natural wonders.  Kununurra resident Chris English is currently taking a 64-hour scenic route from Broome to his home town in Western Australia's Kimberley region, via the Northern Territory. That's because the most direct route between the two communities was cut off by the state's worst ever flood disaster earlier this month. The normal drive between the two towns is typically only 11 hours, but by the time Mr English arrives in Kununurra, he would have likely spent six times that behind the wheel of his Nissan Patrol. Read More: https://www.abc.net.au/news/2023-01-20/nt-5000km-kununurra-detour-flooding-airport-wa-floods/101874344

East Kimberley businesses grappling with huge freight hikes fear they may miss out on flood subsidies

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 Kimberley businesses dealing with thousands of dollars in freight hikes in the wake of catastrophic flooding may be declined subsidies if a bureaucrat does not deem their goods to be "essential". The disaster has caused extensive damage to the only sealed highway through the Kimberley, isolating the townships of Derby and Fitzroy Crossing. Goods being freighted from Perth to the East Kimberley, which includes Wyndham, Kununurra and Halls Creek, now have to detour through South Australia and the Northern Territory. Centurion chief executive Justin Cardaci told the ABC that the trucking company had broadly doubled its freight fees to cover the extra 4,500 kilometres, across the return journey. Read More: https://www.abc.net.au/news/2023-01-17/flood-subsidy-kimberley-freight-cost-hikes/101863066