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...

 

Unsolicited application: Commitment leads to success

An unsolicited application has to be done well, because it doesn’t relate to a specific job opening. That’s why it’s important that your application is impeccable and tailored to the company you’re writing to. This will increase your chances of getting an interview, where you can convince your potential employer of your application and how well you’re suited to the company.

Cold progression

Your income has increased and yet you still have less income after taxes? What happens to your income? This is due to so-called “cold progression.” Every year, the state earns several billion dollars this way. How can this happen? We explain cold progression using an example and go through the calculation step by step.

Time tracking – what should you know?

The laws governing employee time tracking are not always clearly defined. Things like overtime and meal breaks are managed differently state by state. However, every employer covered by the Fair Labor Standards Act is obliged to keep records for their employees, including the hours worked each day and the total hours worked per week. What kind of data must be collected and what role does data...

Payroll accounting: What are its uses?

Employees receive remuneration for their work, usually at the end of the month. It is up to the payroll accounting department to make sure that each employee gets their earned wages. However, calculating salaries is only one section in payroll accounting, which also covers other aspects like registering employees with the tax authorities and social security bodies.

Sales follow-up e-mail: Templates, examples, and tips

How frustrating! You’ve come across a promising contact, you write to them... and receive no feedback. But that’s not a reason to give up: Send regular sales follow-up e-mails to increase the likelihood of receiving a response. Writing messages such as these involves a lot of work. As a result, we’ve built various sales follow-up e-mail templates for you.

Hidden reserves: Explained.

Hidden reserves can occur within a company through many ways: Some arise more or less of their own accord, others are created either intentionally or unintentionally. Usually these are completely legal or even required by law. On the other hand, however, these hidden assets can be used for activities of questionable legality. Here, we explain what hidden reserves are, how they are created and what...

How to patent an idea: The procedure and costs explained

Those who apply to register a patent protect their intellectual property against third parties using the same idea. But a patent application requires good preparation and a lot of effort. Before national or even international protection of your idea is guaranteed, there is often a long way to go through various authorities. We explain how to successfully apply for a patent and how to save time and...

Creating a Work Breakdown Structure: How to use one of the most important planning tools

The work breakdown structure is one of project management’s most important planning tools. Beginners in the field shy away early from creating it – at the same time, with the right approach, it is easier than people think. We’ll introduce various methods for creating a work breakdown structure, and give tips on content structure along with an example that you can use as a template.

Which Microsoft 365 alternatives are recommended for which companies?

Many companies are looking for an alternative to Microsoft 365. It is not always an easy decision to make as there are now numerous free and paid options on the market. Not every option will be right for every company and their requirements. Here we will present a variety of alternatives to Microsoft 365 and discuss their respective advantages and disadvantages.

PESTEL analysis

It is important for companies to have an objective picture of their current market position when making strategic decisions. Analyzing your own business activities in comparison with the competition involves comparing your internal strengths and weaknesses with the opportunities and risks posed by micro- and macroeconomic environmental influences. These factors can be determined using PESTEL...


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