If you would also like to go for it and launch a startup yourself, you’ll need good ideas and a ton of organisation. 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 digitalisation. 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 minimise 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 summarises all necessary information about planning and finances. However, the business plan is also highly relevant for investors as well as potential...
What is invoicing software? Invoicing software is a cornerstone of running a business, whether large or small. Automating the invoicing process speeds up your work, allows you to get paid faster, and to grow your business at a greater pace. Our article presents the top 10 invoicing softwares available.
Mind maps are the preferred method of tapping into the creative power of the human brain for those with particularly intelligent minds. Usually, people simply reach for a pen and paper but are soon confronted with the limitations of these traditional tools. Digital mind mapping tools are the next step: presenting complex idea structures and concepts is not just faster and easier, the end result...
Anyone exporting goods must properly declare them for customs assessment. Whether the goods clear customs or not depends on this invoice. Sample shipments, gifts, or spare part deliveries within the warranty period are usually not invoiced to the recipient. However, you still have to issue a pro forma invoice. We explain what the invoice is all about.
The profit forecast is part of the business plan and gives you and your investors an overview of your business ideas’ viability. Using an example scenario, we will show you how to prepare and objectively evaluate the profit forecast. Nothing can stand in the way of your business success with proper financial planning.
You can use the EBIT margin to measure how profitable your business is and compare it with other companies. Unlike profit margins, taxes and returns don’t interfere with comparability in the EBIT margin. That’s why it’s an ideal value for international comparisons. It's also useful for comparing sectors. We explain how you can calculate the EBIT margin.
You will most likely know the shareholders in your company. What does the stakeholder situation look like? The success of your company depends on various groups of people. Not all of these people are employed by you or have shares in your business. In particular, external stakeholders such as suppliers and customers, as well as the state and the general public, have a massive impact on the success...
If you outline your capital needs for investment in a thorough, comprehensible manner, you will have better chances of obtaining bank loans or publicly subsidised loans. But how is an investment plan structured and what expenses should be taken into account to convince financial backers? We reveal this and explain how an investment plan fits in as part of a business plan.
What does a tax consultant cost? The question arises quickly when the tax return is due or an external audit is imminent. In view of the complex tax-relevant circumstances, professional support is the logical consequence for many. To ensure that there is a happy ending when an invoice arrives at your house, you should first have an understanding of tax consultancy costs.
Regulations around individuals’ capacity to contract look at who may act in legal transactions and who may not or only to a limited extent. In this way, persons unable to contract are to be protected from unknowingly damaging themselves or others. Whether a person has the capacity to contract depends on their age or mental health. But what is the capacity to contract, what changes at which age...
For every entrepreneur, calculating depreciation is an important task. But we must ask ourselves how the calculation of depreciation actually works, and what to look out for during the calculation process. These and many other questions will be answered with the aid of three examples, which will also clarify various depreciation methods and delineate the difference between imputed costs and other...
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