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...
Being fired is not the only way in which a current employee may be dismissed. An employment termination agreement is a way of ending a working relationship with someone without having to fire them which can make it difficult for them to find a job afterwards. What is important and what should be considered?
When it comes to accounting, order is the be-all and end-all. This requires not just adhering to the Generally Accepted Accounting Principles (US GAAP), but also making sure your work is facilitated with a reasonable accounting standard structure. Creating a predetermined framework, you will always know which accounts you can use for billing. Additionally, third parties can also go through your...
If you’re looking to dissolve your company, you must tell state authorities. Even though the process can be stressful and involves multiple steps, it is fairly straightforward once you understand the individual stages. There are a couple of things you need to know. Which paperwork needs to be filed and what else do you need to know to terminate your business? We’ll explain.
Six Sigma is one of the most commonly used process optimization and quality management methods in companies. This method sets itself apart through its foundation in math and its clear focus on being able to measure change. In the following article, we show you how the Six Sigma method works, what benefits you can gain from it, and how to put it into practice.
Quality checks are some of the most important objectives for every management team. However, measures that are introduced for this purpose do not always contribute to achieving this objective. Anyone who adheres to ISO 9001, however, will optimize their quality management system according to international standards. You can make a good impression on the international stage with ISO 9001...
Constant increases in quality: That works best with ongoing, small improvements. CIP – the continuous improvement process – provides the right framework for this. Every employee should see it as their task to recommend improvements for their area of work. And that can be quite simple: Even reorganizing the workplace can have a great impact.
A financial analysis provides entrepreneurs with information on the current economic situation of their business. But the report is full of figures – you can lose track of things quite quickly. So what is a financial analysis? And how do you get to grips with it? What is the report actually good for? And can you also create one yourself?
Verbal communication isn’t the only factor that determines the success or failure of a conversation, but it plays a key role. You’ll achieve your goal more quickly if you can express yourself clearly and skillfully. You’ll also handle critical situations in your day-to-day work more effectively if you have targeted strategies for communication.
If you only pay attention to verbal language and ignore nonverbal communication, you’ll eventually encounter problems in your personal and professional life. How you understand other people ultimately depends not only on what they say, but how they say it. If you want others to perceive and understand you as you intend, you need to know how nonverbal communication works.
When the end is in sight, he moves out of the shadows: the liquidator! But don’t get too excited –there’s no superhero hiding behind this ominous title. So what is a liquidator? The short answer is: A liquidator is a competent professional who takes care of the liquidation and proper termination of a corporation or partnership.
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