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…
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 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” 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…
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 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…
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…
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…
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.…
A little friendliness goes a long way! Sending a polite post-interview thank-you email can leave a lasting positive impression on the recruiter or potential employer. A concise and friendly email not only shows professionalism but also gives you a competitive advantage – as long…
In contrast to direct costs, overheads such as factory rental costs cannot be directly assigned to a product or service. Instead, you must calculate the overhead rate to determine the appropriate percentage of overhead costs and, subsequently, the total expenses which result from…
When is it actually worth asking about the status of your application? And what’s the best way to phrase it? Depending on the employer and the application deadline, the right time to send a follow-up email after a job application may vary. In this article, we explain everything…
Google Workspace or Microsoft 365? Both providers offer businesses a cloud platform equipped with office and collaboration tools. With similar pricing, companies looking to centralize their work processes using cloud-based apps face a tough choice. In this article, we’ll take a…
Coming up with good ideas for your business name is no easy task. It requires a lot of creativity and patience. There are also a number of pitfalls to watch out for, like losing the connection with your company and unintended double meanings. But with a good amount of…
Before you start doing business, you should check to make sure your business name is available. Using a business name that already exists can lead to a number of problems. Choosing a unique name will help you to avoid legal issues like trademark infringement and boost your brand…
Continuous stress at work is among the most common triggers for chronic stress and resulting illnesses. Emerging stress symptoms are often overlooked until it has already taken on a life of its own. By recognizing causes of stress early on, you can counteract them and build a…
Working for hours on end at the computer and a lack of exercise can strain your posture, resulting in tension and pain. With simple relaxation and breathing exercises, you can take precautions when things get stressful. Here are the best exercises to stay calm at work and in your…
When is product placement stealth marketing? You should maybe ask yourself this question if you promote products online in YouTube videos or social media. The FTC are consistently reviewing what is permitted in stealth marketing strategies, and what isn’t. Read on to find out…
Social responsibility is playing an increasingly important role for companies in aligning their activities with regard to fair working conditions and sustainable practices among others. The international ISO 26000 standard compiles examples across seven categories and shows…
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