The best business startup ideas: Here’s how to find them If you would also like to go for it and launch a startup yourself, you’ll need good ideas and a ton of organization. We’ve got some inspiration for both! How do you systematically approach the search for the next “big thing”? How have others written their success stories? And…
The business impact analysis A BIA or business impact analysis emphasizes the most important processes of your company that could threaten your normal business operations in case of a deficit or outage. These processes allow you to evaluate the consequences of a crisis more effectively and devise strategies…
The cost of sales procedure in the context of profits and losses The profit and loss account (P&L) is also called an income statement. All general ledger accounts are summed up with expenses subtracted from the income to leave a profit or loss amount for the period, which is usually one financial year. Daily operating expenses are summarized…
Agile working: mastering the challenges of the digital world “Agile working” is currently one of the biggest trends in the corporate world. It’s seen as the best way to master the challenges of digitalization. How does the agile approach work? What opportunities and risks does it involve? And what role will this hot topic play in the…
Body language: The most important form of nonverbal communication Even when we don’t say anything, we communicate: Our body language is more or less consciously sending out signals to those around us. Gestures, expressions, and posture often share more than we’d like, including how we feel in a given situation. If you’re able to understand body…
Supply and demand – how they control the market Supply and demand determine pricing in a free market. Demand has an influence on supply and vice versa. With no demand, any supply is redundant, and with no supply, demand is ineffective. When they are in equilibrium, prices remain stable and goods are affordable. But how exactly…
Starting a side business Are you planning on setting up a side business and want to know how to go about it? Starting your own side business while working full time is a great way to minimize your financial risk. Test the waters, but first make sure you are legally registered and that you are even…
Writing a business plan: here’s how to plan your venture Before a business idea can be implemented, it is necessary to create a business plan. This serves as the founder’s roadmap, and summarizes all necessary information about planning and finances. However, the business plan is also highly relevant for investors as well as potential…
Seed money for your web store When planning the finer details of your web store, rushing through your financial plan can lead to chaos. It’s important to be aware of how much money you need to spend, and only an extensive finance plan can provide the necessary security for the development of your web store.…
An attractive brand that is recognizable is the basis for economic success. If you want to successfully pursue brand building, you should first define what values the brand stands for, what your target group is, which business goals are to be achieved and which marketing strategies you want to use for brand building. We explain everything you need to know about this topic.
Around the world in seven steps. If you plan on becoming a digital nomad, preparation is half the battle. Regardless of your status – whether you’re an employee or self-employed – there are a few formalities you should take care of such as insurance before you commit to a life on the road. Read on to find out how to become a digital nomad in 7 steps.
Self-defined working is the main idea of the new work concept. But what sounds simple at first requires a great deal of structural and cultural changes at the corporate level. Find out why new work is important for businesses, what its key pillars are, and how the concept can be implemented.
Society is moving more and more in the direction of sustainability and social responsibility, and this doesn’t stop when it comes to the stock market. Environmental, Social, Governance (ESG) criteria have established themselves as a way to assess the ethical commitments of companies and make them visible for potential investors. Keep reading to find out what the ESG criteria are and how they work.
A few hours on the laptop in the morning, taking calls at the beach bar in the afternoon, and sight-seeing in the evening: Digital nomads live and work in a place of their choosing, often requiring little more than a stable Internet connection. If that sounds like the dream, read on to find out which jobs are suitable for a nomadic lifestyle and what its advantages and disadvantages are.
The topics of diversity and inclusion are on everybody’s lips these days. So how can both employers and employees benefit from a work atmosphere in which diversity, respect, and participation are of the utmost importance? And what exactly is the hot topic diversity and inclusion all about. We've summarized all you need to know in this article so keep reading to find out.
Be prepared for holiday shopping season with a website, promotion ideas and customer outreach tips. The right small business website can help you connect with customers and get sales.
If you’re dreaming of running your own business, but you’re at a loss for small business ideas, you’re not alone. Lots of people need a nudge in the right direction, and we’ve got some new business ideas. Here are seven business ideas for small businesses which work as freelance ideas, too. Many of them can be started from home without having to front lots of your savings. Plus, we’ve got tips on…
Make your dream of your owning a business come true! In our guide, we’ll show you how to start a business and take you through the process step by step. You can find out how to develop an idea and turn it into a business plan, consider what’s important in terms of financing, insurance and legalities, and what you should bear in mind for marketing.
Overcoming a setback can be more challenging than it sounds, but for the sake of professional development, it is worth knowing how to handle one. There are good methods for overcoming setbacks and we’ll take a look at a five-step approach in this article.
