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...

 

WOOP Method: Achieving Success Despite Obstacles

Just think positively and it will all work out? No matter whether it’s a business or private context, hardly any plans succeed with that approach. The WOOP method combines proven techniques for achieving goals and establishing new habits. Rather than simply ignoring potential obstacles, the WOOP strategy explicitly accounts for them in its plans.

Gap analysis: the starting point for successful strategic planning

Often in projects, the actual execution of something will differ greatly from the original plan. Using gap analysis, you can see just how much they will differ from the outset. It is the first step on the road to adapting a strategy to fit real-life situations within a company. With this method, you can avoid financial downturns and business setbacks from the start.

Skype Interview Tips: How to Prepare for a Skype Interview

A Skype interview can be a perfect solution in a world of work that’s increasingly benefiting from employee mobility. However, it’s important that no personal habits sneak their way into a Skype interview with a future employer. If you consider all the technical and formal requirements, a meeting over Skype can hold the same chances of success as a conventional interview.

Providing feedback: How to give constructive feedback

Giving feedback is part of professional communication – no matter whether you’re a manager, coworker, or customer. Feedback gives people the opportunity to understand whether a collaboration is working well and where there is still room for improvement. But if you give feedback, there is a risk that the recipient will feel personally attacked by the criticism. Feedback rules help to minimize this...

Conjoint analysis: can a product establish itself on the market?

Conjoint analysis is conducted before launching a product on the market to obtain information about whether it will be competitive and which of its attributes would contribute to this. A variety of potential product designs are presented in a customer survey, and the survey participants are asked to indicate which one they would choose. The results reveal consumers’ priorities.

Sorry for the late reply: How to write apologies for a late reply

Everyone forgets to reply to less important emails at work occasionally – or even puts them off deliberately. This may be the case if you be the bearer of bad news, for instance. But if you want to avoid making a negative impression, you shouldn’t just ignore these emails. A well-formulated apology for a delayed response can help you to convince customers, business partners, and coworkers of your...

ISO 50001 Energy Management

Reducing energy costs while protecting the environment: The international standard ISO 50001 can help you to use energy resources more efficiently in your company. An energy management system run according to ISO 50001 is designed to monitor and continuously improve energy efficiency. So, what is ISO 50001?

Cost estimates: Samples and recommendations for companies

With many services, it is common to first obtain and compare several cost estimates before making a final purchase decision. Writing a cost estimate has long been part of the daily routine for many business owners. In our guide, you will find out what you need to keep in mind, and you can download our practical cost estimate templates free of charge.

Standardized Risk Management: ISO 31000

Risk management in accordance with ISO 31000 can ensure a company’s survival: Every organization frequently encounters danger factors – however, these don’t have to be a problem if you know how to deal with them. That is why many companies set up a risk management system, and the ISO 31000 standard provides a valuable tool for doing this. What does the international standard mean?

Accounting apps in comparison: The best solutions for mobile accounting

Many self-employed people and small and medium-sized enterprises (SMEs) have to manage their own accounts to schedule invoices and keep track of payments and payroll. Accounting apps deliver those services straight to your mobile device and enable you to work from your smartphone or tablet. Here, we introduce you to the best mobile accounting apps.


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