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...
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” 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...
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 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...
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...
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...
There are many different kinds of tax exemptions, which either reduce or entirely eliminate your obligation to pay tax. Most taxpayers are entitled to tax credits that reduce their tax bill in the same way that deductions do. Many organizations and groups such as charities are even totally exempt from income tax by the federal and state governments.
EBITA is a financial indicator that can make business planning easier for you. This value masks items that do not directly influence the operational success of your company. Many large corporations work with this indicator because it makes it easier to compare international companies. What exactly is EBITA, and how does EBITA calculation work?
When setting up a company, you should consider carefully which legal form to take, since the rights and obligations of the shareholders and the company itself depend on it. It is important whether you choose a corporation or a partnership – and the choice of legal form also plays a role. If you choose a partnership, you will have to deal with its different legal forms. We explain how these differ....
You may have heard of direct and indirect taxes, but do you know what the difference is between the two tax groups? For example, is income tax a direct or indirect tax? What are the most important direct and indirect taxes? This article will tell you everything you need to know about these two groups of taxes.
How do I post a credit note correctly? The credit note procedure saves time and effort, but what do you have to bear in mind with credit note entries? Credit notes are treated similarly to invoices, but you still have to make sure to file them correctly so there are no discrepancies in your accounting.
What is motivation and how can I inspire my employees? The question is decisive for a company’s success. Employee motivation encompasses all methods that aim to strengthen employee job satisfaction and motivation to work well. According to this definition, long-term motivation can only come from within. With the right prerequesites and a constructive management style, it is possible to motivate...
The business structure determines how a company is run regarding its legal aspects. It regulates the relationship between partners and shareholders as well as their relationship to the state and the environment. Here, we provide an overview of the most common legal structures in the US and explain what you should bear in mind when choosing the legal entity that’s right for you.
The fight for significant market shares is particularly difficult for young companies. But even large, established companies can’t be successful in a market that’s going nowhere. In order to increase your profits sustainably, you should leave the competition behind and open up a completely new market. The Blue Ocean Strategy reveals how you can achieve more success with innovations.
Whether you are starting a company, exploring your current market, or discovering a new one, a market analysis can help you evaluate the attractiveness of a market. A market analysis is a key element of every business plan and makes sure that your idea or your plan is fit for the future. Above all, investors attach a lot of importance to a thorough market analysis.
Limited partnerships make it possible to participate in a company with limited liability, making it easier to secure investors. Limited partnerships also have advantages when it comes to profit distribution: If you don’t want to follow the legal model for distributing annual profits and losses, you can make your own regulations in your company’s articles of association. In this way, factors like...
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