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 the tax burden, the costs for working from home can be tax-deducted. However, certain conditions need...
When planning the finer details of your online shop, 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....
Have you heard of SMART goals, but you’ve never used an organised 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...
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...
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 summarised...
It’s easy to become self-employed in the UK. All you need to get started is a business idea and a bit of courage. The one-person business does require registration with the HMRC and there are a few other requirements you will need to fulfil. It’s important to understand the risks...
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 a boon and provide a detailed overview of your finances. Double-entry accounting isn’t an...
When businesses face a shortage of work for their staff, they can cut the hours of staff members, which is referred to as short-time working. As an employee, this means that you would be working fewer hours at a reduced pay. To replace partially lost wages, employers are legally required to pay statutory guarantee pay. Employees can also apply for Universal Credit or jobseeker’s allowance. Here’s...
Employees are generally given a certain number of days off which they are free to use as they please. However, sometimes due to workplace emergencies, employers have no choice but to put their employees on temporary leave. Find out what the conditions for furlough are, what it is, and why the term has come into use in the UK.
Finding trustees, legal structure, governing documents: The jargon around starting a charity can sometimes be overwhelming. In this guide, we’ll look at how to set up a charity, and why it could be one of the most rewarding things you could do, but potentially also one of the most time-consuming.
An ergonomic workspace is an important pillar of the healthy work life. But many people are missing the know-how to create a more ergonomic environment. Illness, discomfort, and a lack of motivation can be the consequence. And yet, an ergonomically-designed workstation is easy to put into practice. We’ll show you the top tips for more ergonomic working.
When starting a business that aims to educate people or help them with religious guidance, the appropriate form for your business may be a charity. Charitable organisations are types of businesses that have a clear aim, and that are funded publicly. This article explains what a charity is and what differentiates it from other types of businesses.
What is crisis communication? Many companies make the mistake of remaining silent during a crisis. Instead of addressing issues head-on, they are swept under the carpet – creating a perfect breeding ground for rumours that have the potential to damage a company’s reputation further. Businesses that don’t react well and initiate good crisis communication can damage their image long-term.
Starting a work from home policy can be a real challenge. Business owners and employees must take into account plenty of technical and human details, and implement them appropriately. Choosing the right software and leadership methods can be critical. Here, we will show you what to pay more attention to, and how to ensure your employees stay motivated long-term when they start working remotely.
Does your to-do list keep getting longer? Do you feel like time is constantly slipping away from you? If you want to be more productive and efficient, time management techniques can help. You can employ proven strategies to prioritise, plan, and efficiently execute tasks and achieve goals faster. In this guide, we’ll introduce you to the best time management methods to boost efficiency and get...
Practical skills, professional skills, and technical knowledge: All this can be summarised as hard skills. At present, these skills are in demand in the course of digitalisation, and are becoming more and more important. But traditional hard skills are by no means outdated. What exactly are hard skills, which kinds exist, and how do they differ from soft skills?
It is not possible to be successful in the long term if you have lots of dissatisfied customers. This is why customer satisfaction plays such an important role. By trying to make your customers as happy as possible, you may let yourself be guided too much by individual statements. Learn how to satisfy customers as a whole and measure customer satisfaction.
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