Creating a web store: the cornerstone of seed money

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....

 

Neuro-linguistic programming (NLP)?

Neuro-linguistic programming (NLP) explained

 

Neuro-linguistic programming, NLP for short, is a collection of tools and models designed to facilitate and strengthen communication in various areas of life and work. The goal is to better understand oneself and others, and to make positive changes. We will tell you exactly what...

 

Cost of sales method

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...

 

SMART goals

How to achieve more by setting SMART goals

 

Have you heard of SMART goals, but you’ve never used an organized and effective method for setting objectives? We’ll explain the advantages of SMART goals, how to use the technique for your personal and business goals and what to watch out for with this method. Because, like all...

 

Start a sole proprietorship

How to start a sole proprietorship

 

A sole proprietorship is one of the easiest types of businesses to set up. All you need to get started is a business idea and a bit of courage. The one-person business does not require registration with the state, but there are plenty of other requirements you will need to...

 

Home office tax deduction

How to deduct working from home from your taxes

 

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....

 

Double-entry accounting, explained simply and briefly

Double-entry accounting simply explained

 

Double-entry accounting or double-entry bookkeeping is an essential part of the accounting system. Lots of entrepreneurs have a hard time with bookkeeping, when in fact it should be an aid to you and provide a detailed overview of your finances. Double-entry accounting isn’t an...

 

What is my TIN? Finding out your own tax number

When that time of year comes around when you have to file your tax returns, you’ll be faced with the question: What is my TIN? Where can I find my TIN? Which one is the right one? What about finding out my social security number? Do you need a TIN, an ITIN or an EIN? It can sometimes be difficult to keep track of things. But don't worry, there are simple ways to find the right tax number.

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 does the law of supply and demand work?

ABC analysis: a method for business planning

ABC analysis identifies which goods or customers generate the most revenue. It assigns individual items to specific categories based on how much they contribute to the total value. This makes it easy to determine which items are very important and should be prioritized (category A) and which only contribute a small amount to the total value (category C).

The best time management techniques, summarized

Does your to-do list keep getting longer? Do you feel like time is constantly slipping away from you? If you want to be more productive and efficient, time management techniques can help. You can employ proven strategies to prioritize, plan, and efficiently execute tasks and achieve goals faster. In this guide, we’ll introduce you to the best time management methods to boost efficiency and get...

Statutory retention periods for business records

Which business documents are subject to retention? Who is obligated to store them? 2 years, 6 years, 10 years: How long is long enough? The requirements for retaining commercial documents and their relevance to tax law can be confusing. We will guide you through the process and show you what needs to be kept by whom and for how long, as well as how to properly store business documents.

Records management: what does it entail?

Many U.S. companies must comply with records management or face hefty penalties. The Sarbanes-Oxley Act was passed in 2002 to crack down on corporate fraud and to regulate accounting in companies. Read on for more information about the requirements and what the act aims to achieve.

Curriculum vitae: Template and tips

On average, HR spend four minutes on each application. That’s why you should make sure your curriculum vitae is setup in such a way that it’s easily skimmable – the best way to do this is with a tabular CV, which covers all your bases. With our free CV template, we’ll show you how to create this kind of CV and what contents HR look for.

5S Methodology: Increasing workplace productivity

Whether in a workshop or an office: Things don’t always go as planned. The 5S methodology can help us carry out tasks more efficiently and make better use of available resources. Invented in Japan, it has already revolutionized the corporate world there. What’s behind the method, and how can its individual steps be integrated into daily working life?

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 allowed to work on the side. This article contains a step-by-step guide on how to make the process run without a hitch.


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.club
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