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…
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.
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.
When starting a business that aims to educate people or help them with religious guidance, the appropriate form for your business may be a charity. Charitable organizations are types of businesses that have a clear aim, and that are funded publicly. This article explains what a charity is and what differentiates it from other types of businesses.
What is crisis communication? Many companies make the mistake of remaining silent during a crisis. Instead of addressing issues head-on, they are swept under the carpet – creating a perfect breeding ground for rumors that have the potential to damage a company’s reputation further. Businesses that don’t react well and initiate good crisis communication can damage their image long-term.
Starting a work from home policy can be a real challenge. Business owners and employees must take into account a variety of technical and human details and then implement them appropriately. Choosing the right software and leadership methods can be critical. We tell you what to pay particular attention to, and how to ensure your employees stay motivated long-term when they start working remotely. ...
Practical skills, professional skills, and technical knowledge: All this can be summarized as hard skills. At present, these skills are in demand in the course of digitalization, and are becoming more and more important. But traditional hard skills are by no means outdated. What exactly are hard skills, which kinds exist, and how do they differ from soft skills?
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