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...

 

An introduction to employer ID numbers

Starting a new business comes with a great deal of new responsibilities and paperwork – wising up on the relevant administrative requirements for your business is a good way to avoid issues in the future. This is certainly the case for declaring tax – and to collect tax for your company you will need to register for an employer identification number (EIN), otherwise known as a sales tax number, or...

Price calculation: How should you calculate sales prices?

Do you want to bring a new product onto the market or offer a service that’s in demand? Then you first have to calculate the sales price. Doing this involves many factors. All conceivable costs as well as your profit margin must be incorporated into the price calculation. What are all the things that you should keep in mind?

Spike: The conversational email app

Spike, the mail messenger, combines several different clever tools right into your inbox to enable chatting with email – eliminating the need for several different apps as well as the need to check lots of different inboxes or messaging apps to stay up to date. Spike presents itself as an app which improves productivity and efficient collaboration, something which most companies strive for. The...

Customer satisfaction

It is not possible to be successful in the long term if you have lots of dissatisfied customers. This is why customer satisfaction plays such an important role. By trying to make your customers as happy as possible, you may let yourself be guided too much by individual statements. Learn how to satisfy customers as a whole and measure customer satisfaction.

Time recording in Excel: How to create a timesheet

The time stamp clock was used in the past, but nowadays we’ve switched to electronic time recording. While some large companies are equipped with special reporting systems, smaller companies mainly use digital software solutions. These are not absolutely necessary since time recording using Excel works just as well - and is completely free of charge.

Layoff criteria - the different methods

Letting employees go is hard on all parties, but it can be made a lot easier if you plan which layoff criteria to use beforehand so you’re ready if the worst case scenario presents itself. There are five main methods employers can use to work out who to keep in the company and who sadly has to be laid off. The defined criteria is taken into account and each employee can be evaluated according to a...

Pomodoro technique: How to resist distractions and increase productivity

Distractions and multitasking are among the greatest productivity killers of our time. With the Pomodoro technique, you learn focused single-tasking that significantly increases your productivity and improves the quality of your work. Find out what other advantages this time management technique offers, how the method can be put to use and which apps can help you.

How to write the perfect cover letter for a job application

If you are applying for a job, attach a cover letter to your application documents. This is a text in which you introduce yourself as a person and a worker. The art of writing a cover letter is to present yourself in the best way possible as concisely as possible. Most cover letters follow a similar structure so that HR managers can quickly grasp the essential information.

How to register a new employee

Although it varies from state to state, there are some things employers should bear in mind when it comes to hiring new employees. There are forms to fill out and registrations to be made with the local authorities. The article explains what needs to be done and provides handy checklist to make sure you’ve completed each step to register a new employee.

Job reviews – what is important for companies and employees

How important is a company’s review in a job search? On the one hand, job review sites support potential applicants in finding a good potential employer. In addition, the assessments provide employers with feedback. On the other hand, how reliable and helpful the actual feedback is can be questioned, seeing as the feedback is anonymous. What should employers and employees look out for? And which...


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