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 minimise your financial risk. Test the waters, but first make sure you are legally registered and that you are even allowed to work on the side. This article contains a step-by-step guide on how to make the process run without a hitch.
The fight for significant market shares is particularly difficult for young companies. But even large, established companies can’t be successful in a market that’s going nowhere. In order to increase your profits sustainably, you should leave the competition behind and open up a completely new market. The Blue Ocean Strategy reveals how you can achieve more success with innovations.
Coworking came about due to the ever-changing modern working world. In many professions, you don’t necessarily have to work at a specific location. Coworking spaces are an alternative to the classic office, but are also different to your own four walls or the café around the corner. What exactly is coworking?
As an employer, you will likely be asked to provide work references for employees when they leave their job. Do you know the difference between a simple and detailed reference? Do you know what the key elements are? Do you know what your legal obligations are? This article will answer all of those questions, as well as provide you with tips and examples for writing a good job reference for...
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?
Conflict management can be a useful tool for every company. Despite the best of efforts, most companies will likely experience conflicts of varying seriousness between employees. These conflicts must be resolved as quickly as possible, and in a way that will satisfy all parties. How can you best achieve de-escalation? What types of conflict are there? We provide the answers.
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.
If you have sent a job application, you will usually have to wait a while to hear back. When is it worth asking about the status of your application? Depending on the employer and the position’s closing date, it will be time sooner or later to send a follow-up e-mail after the application. We explain how this should be done and what needs to be considered.
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.