Best business startup ideas

The best business startup ideas: Here’s how to find them

 

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...

 

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...

 

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...

 

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...

 

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...

 

Start a side business

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...

 

Business plan creation

Writing a business plan: here’s how to plan your venture

 

Before a business idea can be implemented, it is necessary to create a business plan. This serves as the founder’s roadmap, and summarizes all necessary information about planning and finances. However, the business plan is also highly relevant for investors as well as potential...

 

Investment plan at a glance

If you outline your capital needs for investment in a thorough, comprehensible manner, you will have better chances of obtaining bank loans or publicly subsidized loans. But how is an investment plan structured and what expenses should be taken into account to convince financial backers? We reveal this and explain how an investment plan fits in as part of a business plan.

Minimum Viable Product: maximizing potential while minimizing risk

You would think that deploying a product with minimal functions would be a no-go for start-ups, since the product should reflect the founders’ passion. However, if you take a closer look at the purpose of an MVP, you will see that MVPs and start-ups go hand in hand. This concept plays an important role for many companies as the foundation for agile development. Here you will learn how to use the...

Setting up a general partnership: The path to a partnership-based business

If two or more partners want to start a business together, one of the simplest options is starting a general partnership. This business structure grants equal rights to all participants, but also imposes some serious obligations – namely, since a general partnership is a partnership, this means that the partners have to stand up for the company’s liabilities with all their assets. You should...

Bookkeeping software: how does an online accountancy program work?

An accounting program helps you to organize and analyze your invoices and cost centers, VAT, and other areas of accounting. Cloud-based accounting software is particularly popular for small business owners, since it can offer more, due to the internet connection. Many entrepreneurs and self-employed people have time restraints, so that working with the support of an accountancy program can be an...

General partnerships: freedom and risks for merchants

Trying to start a business with limited capital? The general partnership can make it happen. The general partnership structure is a good opportunity for company founders to bring their business dreams to life by finally starting their company. According to the definition, general partners share everything: the management, profits, and losses. What exactly is a general partnership, and when is it...

The patent: protecting valuable ideas

Humans are always producing inventions in the hope of making life easier. If you invent something new, you can apply for a patent. Patent laws are there to protect the inventor’s work since the patent is by definition a property right. But what exactly is a patent, what is its history, and how do you file one?

The perfect business letter – structure, content, and design

A central component of running a business is writing business letters. These letters can serve the purpose of external communication: Entrepreneurs write business letters in order to initiate or develop business relationships. If they make first contact, the business letter must enable the recipient to obtain information about the sender’s business. We provide a standard template for business...

Google Workspace for a better workflow and remote collaboration

Google Workspace is a cloud-based collaboration software that unites multiple Google applications. Every registered user can access project plans, e-mails, and other documents via the cloud, regardless of where they are located. Numerous tools such as word processors, online calendars, or video conferencing facilitate collaboration and synchronize changes in real-time. In this article, we have...

The contribution margin

Which products should your company focus on and which are unprofitable? The contribution margin helps you answer this decisive question. Calculating the contribution margin correctly is crucial to the success of your company, by allowing you to draw conclusions about its profit or loss. We explain how to do this properly.

What is accounts receivable accounting?

If you run a business or work independently, it’s always important for you to keep an eye on your financial situation. This also applies to payments that you are expecting but have not yet received. The accounts receivable department is responsible for registering and tracking your monetary receivables. We explain what accounts receivable accounting is and how it works.


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