LinkedIn has become an indispensable part of the job search. HR staff search the network for potential candidates for open positions. A well-managed profile is essential to be successful on LinkedIn. After all, you want to show yourself at your best on LinkedIn. It is important...
Even if prices are raised and there are more affordable alternatives on the market, we will often continue to buy products from the same brand. The reason for this is the same as explaining why we always choose to fly with the same airline or get our coffee from the same place:...
According to the Her Majesty’s Revenue & Customs (HMRC), a small business is a privately-owned and operated business with a small scale of trade and a small number of employees, depending on the industry. Small businesses are commonly referred to by the European term “SME” which...
A work-life balance involves a lot more than simply dividing working time and personal time equally. The concept is often viewed as a philosophy that determines many aspects of a person’s life. In order for it to succeed, both employers and employees must make an effort to create...
You’ve made it past the application process and the initial screening and you’ve been invited to an interview. It’s normal to be nervous, especially if you have limited experience in selling yourself. There are a few unwritten rules that apply for all interviews. As soon as you...
Customer care is one of the corner stones of a successful company – whether you are running an online shop or offering bank accounts. Even smaller companies can benefit from the use of CRM tools, which help to organise customer- or buyer data. These software systems automate and...
You may have heard of direct and indirect taxes, but do you know what the difference is between the two tax groups? For example, is income tax a direct or indirect tax? What are the most important direct and indirect taxes? This article will tell you everything you need to know about these two groups of taxes.
Market research is an important procedure to advance a company or to make decisions as an entrepreneur. Customers and respondents play an important role, as their opinions are an important indicator of sales opportunities. It is crucial for the success of a company to examine the market at regular intervals. So, what does market research mean, and why is it so important for a company?
The business structure determines a business’s legal aspects. It regulates the relationship between partners and shareholders as well as their relationship to the state and the environment. Here, we provide an overview of the most common business structures in the UK and explain what you should bear in mind when choosing which legal entity is right for you.
Performance reviews should consist of more than just pragmatic feedback from HR or bosses. Both employees and their bosses can benefit from open and honest performance reviews. In order for this to succeed, it makes sense to prepare well, and to have a guideline for orientation. Here we introduce the most important facts about employee reviews, as well as helpful tips and examples.
Limited partnerships make it possible to participate in a company with limited liability, making it easier to secure investors. Limited partnerships also have advantages when it comes to profit distribution: If you don’t want to follow the legal model for distributing annual profits and losses, you can make your own regulations in your company’s articles of association. In this way, factors like...
Whether you are starting a company, exploring your current market, or discovering a new one, a market analysis can help you evaluate the attractiveness of a market. A market analysis is a key element of every business plan and makes sure that your idea or your plan is fit for the future. Above all, investors attach a lot of importance to a thorough market analysis.
All the risk, but all the freedom – this is one way you can describe being a general partner in a limited partnership. Whilst the other shareholders are “only” reliable for their own capital contribution, the general partner is liable with their total assets. Being a general partner comes with additional special rights – they are the only ones entitled to manage and represent the company.
If several people or entities want to operate a commercial business together, their first step is finding a suitable legal form for their business. An interesting, common solution is a limited partnership. This is comprised of general partners, with unlimited liability, and limited partners, with limited liability. How is liability regulated amongst limited partners? What rights and obligations...
Compliance is one of those trendy terms that is used more and more frequently in the economy. It seems to be able to mean almost everything. The basic idea is simple and goes without saying: Companies must comply with existing laws and at the same time assume their social responsibility. But what does compliance mean beyond that?
There are a number of very important tasks involved with starting your own business. In order to do these tasks justice, it is absolutely necessary to create a business plan. This should always be done in writing. But what are the contents of a buiness plan, what functions does it fulfill, and what is its structure like? We provide a complete overview for all prospective business founders.
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