Business impact analysis

The business impact analysis

 

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...

 

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....

 

Agile Working

Agile working: mastering the challenges of the digital world

 

“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...

 

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...

 

Body language

Body language: The most important form of nonverbal communication

 

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...

 

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....

 

Supply and demand

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...

 

The 80-20 rule: the Pareto principle

Achieving the greatest possible success with little effort? That's what many people dream of. This wish can be fulfilled with the Pareto principle. Whether at work, at university, or in private life, those who follow the 80-20 rule ensure efficient handling of all important tasks. We explain to you what the Pareto principle is all about and its advantages and disadvantages.

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?


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