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...
“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...
Around the world, hundreds of thousands of companies exist without the purpose of producing a profit. What defines these so-called nonprofit organizations (NPOs)? Here, we explain what a NPO is and explain the various areas of activity of nonprofit organizations, as well as why managing one is so special. Read on to also learn more about the challenges NGOs are currently facing.
Insolvency has a bad reputation. It stands for a lack of funds and high debts. However, people often forget that insolvency proceedings don’t necessarily spell the end of a company. Insolvency administrators can help settle outstanding liabilities and help people keep their jobs.
Good crisis communication is important for any type of business because brands can damage their reputation in the long-term by using bad communication. Find out more about the process of establishing a crisis communication plan and the three phases the plan should cover. This article provides valuable tips to implement a crisis communication plan for each of the three phases using examples.
For many companies, a crisis management plan is at least as important as a solid business plan. It ensures that corporate governance is maintained during critical times and a business can respond to an existential threat more efficiently. But how do you create a crisis management plan and what else do you need to know? Find out in this article.
Crises or emergencies can affect any company. However, a well thought-out crisis management plan helps your company get back on track. To safely navigate through tough times, a company needs a competent crisis team which can examine the reasons, make decisions, and coordinate the right steps to take.
When businesses face a shortage of work for their staff, they may be able apply for government aid as part of a work-sharing program instead, often also referred to as short-time working. As an employee, this means that you would be working fewer hours but at a reduced pay. To replace partially lost wages, staff can claim some unemployment benefits. Here’s what you need to know about work sharing...
Employees are generally given a certain number of vacation days which they are free to use as they please. There are certain situations, when an employer can intervene and put staff on unpaid leave. Find out what the conditions for furlough are, when it can be ordered, and how many days employees can be furloughed for.
The decision has been made: You want to start a charity and make your money work for a good cause. But: Right from the start you’re confused by the different legal requirements. Don’t worry though, these rules are pretty straight forward once you get your head around them. Apart from this, the process of starting a charity is almost the same everywhere. We’ll explain to you how it works.
Sitting for hours on end is not beneficial to mind and body. So, what can you do if you have to work every day as an office worker, where for most of your job you must sit? Exercising at work can help! It is wholly possible to integrate exercise in the office into your routine without interrupting your workflow. Some exercises can also be done at your desk!
Whether you’re self-employed or employed – a growing number of professionals are working from home and many even set up a dedicated space to perform their job duties. To reduce any resulting financial burden, the costs for working from home can be deducted from your taxes. However, certain conditions need to be met for you to qualify and only some expenses can be claimed.
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