There has been a lot of talk lately regarding the deficit faced by the Social Insurance Organization and the impact that such a deficit will have on the pensions of hard working Bahrainis looking to retire in the near future. Ironically, much of the focus has been directed towards the efficiency of the SIO’s … Read more
Is an exercise that helps a company make decisions to maximize their profits by comparing the additional benefits and the additional costs generated by increasing their output of the same activity. It measures the increase/decrease in revenue for producing and selling one more unit of item. Where TR= Total Revenue It measures the increase/decrease in total cost of producing one more unit of an item. The formula used to … Read more
The Business Model or Canvas, as it is also known, is a tool that helps starting a proper business. It was developed by the Swiss Alex Osterwalder to facilitate the complete understanding of a business. Thus, the model aims to describe all the elements and phases that make up an enterprise, providing the integration of the organization. According to the tool’s creator, the … Read more
We receive a lot of enquiries asking about Business Process Reengineering (BPR), what is it, what is it used for, its benefits, and when or why a company should require such a service. We hope that this article summarizes BPR and its benefits. Business Process Reengineering has become synonymous with upgrading a company’s IT … Read more
At their essence, logos are made to identify. Using images, icons, marks or symbols, logos identify companies or products in the most basic way, so that when someone views a logo, they can link it with the brand it represents. Nowadays, with so many logos in existence, it’s not hard to find examples of great … Read more
The feasibility study is the important step in any software development process. This is because it makes analysis of different aspects like cost required for developing and executing the system, the time required for each phase of the system and so on. If these important factors are not analyzed, then definitely it would have impact … Read more
What is a Feasibility Study? A feasibility study is conducted in order to determine the success and minimize the risks related to the project. When it becomes certain that the specific project could be carried out profitably, it is only then it could be implemented. The feasibility study is not merely a project research, but … Read more
Saudi Arabia’s Department of Zakat and Income Tax has recently published its Value Added Tax Implementing Regulations. Although regulations in other GCC countries may vary slightly, it is safe to assume that the overall VAT structure will be similar if not identical across all GCC countries. Main Highlights Exempt Transactions To many companies, the introduction … Read more
Value-Added Tax (VAT) is coming to the GCC in 2018. This will undoubtedly have a direct impact on business operations across the region. Is your business ready for the change? What is VAT? A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of general consumption tax … Read more
What is Salon Iris? Salon Iris is a management software for beauty salons and spas. Salon Iris acts as a POS (Point of Sale) and includes customer engagement functions as well, and it will guide your businesses to increase profitability. Even if the salon was closed Salon Iris will allow customers to book appointments … Read more