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…
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.…
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…
Only a satisfied customer comes back, uses your service, and guarantees a sale. However, the way to increase customer satisfaction is often unclear. Simply putting more money into the product can be just as financially detrimental as letting fate run its course. But there is help: the Kano method can give you tips on which areas are really worth investing in!
Starting a non-profit corporation can be a great way to give back to the community or support a cause you are passionate about. A growing number or start-ups are turning to this corporate structure because of its associated limited liability protection, tax exemption status and high degree of flexibility. But the charitable nature of the business has to be confirmed by the Internal Revenue...
Meetings that aren’t moderated often drift off-topic, leaving the important matters at hand overlooked. Moderation is therefore essential; there are a range of moderation techniques that enable you to avoid these situations. Conversation strategies help you keep meetings on course, prevent unnecessary discussions, and involve everyone present.
For social entrepreneurs and individuals looking to start-up their own social or charitable companies, choosing the right legal form for their business matters greatly. Registering as a non-profit corporation offers plenty of advantages including tax exemption, limited liabilities, access to grants and the prestige of a formal structure. But what exactly is a non-profit?
Environmental protection by companies is becoming more and more important. In order to implement ecological sustainability in your operations, an environmental management system is helpful. So that it also functions, you should take a look at ISO 14001. The international standard provides you with guidelines for installing an adequate system. The ISO 14001 certification gives you the opportunity...
What are royalties? You may have heard of the term ‘royalties’ in association with musicians, writers or artists. But did you know that board members, directors and even employees can use royalties to improve their salary? We’re going to help you understand what royalties are, and how they work in the corporate world.
Being fired is not the only way in which a current employee may be dismissed. An employment termination agreement is a way of ending a working relationship with someone without having to fire them which can make it difficult for them to find a job afterwards. What is important and what should be considered?
When it comes to accounting, order is the be-all and end-all. This requires not just adhering to the Generally Accepted Accounting Principles (US GAAP), but also making sure your work is facilitated with a reasonable accounting standard structure. Creating a predetermined framework, you will always know which accounts you can use for billing. Additionally, third parties can also go through your...
If you’re looking to dissolve your company, you must tell state authorities. Even though the process can be stressful and involves multiple steps, it is fairly straightforward once you understand the individual stages. There are a couple of things you need to know. Which paperwork needs to be filed and what else do you need to know to terminate your business? We’ll explain.
Six Sigma is one of the most commonly used process optimization and quality management methods in companies. This method sets itself apart through its foundation in math and its clear focus on being able to measure change. In the following article, we show you how the Six Sigma method works, what benefits you can gain from it, and how to put it into practice.
Provide powerful and reliable service to your clients with a web hosting package from IONOS.
