Shopping for bread at the bakery, grabbing coffee at the subway station, ordering online: Every day, we get involved in legal transactions, and each time, we enter a declaration of intent. From a legal perspective, the process covers many different aspects. Which elements belong to a declaration of intent, and what types exist? We’ll explain the meaning of a declaration of intent with some...Declaration of intent–what’s behind it?
Starting a business can be a dream come true for many entrepreneurs. Once you’ve decided on the right legal structure and told the IRS about your plans, you may think you’re ready to get going. But depending on the type of business you operate you may have to apply for a license or permit to sell goods or services. Here’s what you need to know.Starting a business: entrepreneur vs business owner
Getting a loan sometimes doesn’t work out because the bank is not certain that the applicant can afford the instalments. A guarantee helps secure this. But what is a guarantee ? It gives a creditor additional security for an agreed payment: in an emergency, the guarantor pays the amount owed. This can be a private person, but also an insurance company or a bank, for example. What exactly is a...What are guarantors?
What happens when a limited liability company needs more money than it can raise on its own? In this instance, the operating agreement may include a call for additional capital contributions. We explore what they are and how they differ from initial capital contributions.Additional capital contributions: Definition and explanation
Being self-employed initially sounds tempting to many workers: Free time management, no boss, and the prospect of potentially more money and a new challenge. However, many self-employed people and their clients fall into the trap of false self-employment. What risks does this kind of employment relationship entail for both sides? We answer this question and explain which criteria help to recognize...Misclassified as an independent contractor: When can you be considered to be self-employed?
For many years, the DISC assessment has been a popular tool used by companies to improve their management style, collaboration, and sales. If you know which of the four DISC assessment types match your personality, you can gain valuable insight to improve your work and influence your career development. But the test has also been under scrutiny.The DISC assessment: Outdated test or useful tool?
The bigger an organization is, the more difficult it can be for its management to keep an eye on all procedures. An internal audit – a quality assurance and consulting activity that analyzes business procedures – is helpful in achieving this. The purpose is to ensure the optimal implementation of the organization’s objectives while avoiding unnecessary risks and by complying with applicable...The Internal Audit: Quality Assurance for Business Processes
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.WOOP Method: Achieving Success Despite Obstacles
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.Gap analysis: the starting point for successful strategic planning
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.Skype Interview Tips: How to Prepare for a Skype Interview