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...

 

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.

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.


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