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...
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...
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?
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.
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?
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.
Hiring qualified employees is just half the battle. Engaging them effectively is the real challenge. Workforce management is intended to ensure that positions within a company are filled by the most qualified employees for them. It is also supposed to prevent bottlenecks or surplus within the company.
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 fulfill. It’s important to understand the risks and costs that could arise when you’re setting up a sole proprietorship.
Sole proprietorships are by far the most popular business form in the USA. Compared to other enterprise structures, the set-up costs are low and large financial reserves aren’t necessary. This structure makes it easy and uncomplicated to become self-employed. However, there are also drawbacks and risks that every founder should be aware of beforehand.
Only a satisfied customer comes back, uses your service, and guarantees a sale. However, the way to increase customer satisfaction is often unclear. Simply putting more money into the product can be just as financially detrimental as letting fate run its course. But there is help: the Kano method can give you tips on which areas are really worth investing in!
Starting a non-profit corporation can be a great way to give back to the community or support a cause you are passionate about. A growing number or start-ups are turning to this corporate structure because of its associated limited liability protection, tax exemption status and high degree of flexibility. But the charitable nature of the business has to be confirmed by the Internal Revenue...
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