Best business startup ideas

The best business startup ideas: Here’s how to find them

 

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...

 

Time management techniques

The best time management techniques, summarised

 

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...

 

Ergonomic workspace

Ergonomic workstation for healthy working

 

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...

 

Start a side business

Starting a side business

 

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...

 

Business plan creation

Writing a business plan: here’s how to plan your venture

 

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...

 

Tax Tips for the Self Employed

Saving taxes – a guide for the self-employed

 

How can I save on tax? This is an eternal question for the self-employed. In order to be well-versed in questions of tax, and improve your own financial situation, you need the necessary information: What taxes have you incurred? And what can be deducted from them?

 

Estimate: cost and liability

Car workshops, construction companies, and insurance agents are rarely commissioned without research. Instead, the first step is to obtain a cost estimate that gives a detailed breakdown of the expected cost items and therefore provides a basis for budget calculations and price comparisons. However, it is unclear to many customers that even the most accurate cost estimate does not rule out...

Spiral model: the risk-driven software development process model

If you want to develop software, you first need a suitable concept for the development process. For larger projects in which the evaluation of possible risks and potential costs plays a decisive role, the spiral model is ideally suited. In this article, you can find out exactly what is behind this process model and how it works.

Assets and liabilities: What are they?

What are assets and liabilities? These technical terms from business accounting refer to the left or right side of a balance sheet. A simplified definition: The assets on the left provide information on the use of the company’s funds, while the liabilities on the right show their origin. In the balance sheet, assets and liabilities are broken down into sub-groups, which we will explain in more...

EBITDA: How to calculate this key figure

To correctly evaluate a company, and to be able to compare it with others, you require appropriate key figures. However, the profit at the end of the year is not the right choice for all situations. Business economists often use other comparison values. The EBITDA value emerges again and again in this context. But: what is EBITDA?

EBITDA margin: This is how easy it is to calculate the value

You rely on meaningful figures for running your company. The EBITDA margin gives you a powerful tool for measuring the profitability of your company in its day-to-day business operations so you can make corrections if required. You can ignore items which are not significant for the result of your company operations. We explain how to calculate the EBITDA margin.

Writing a business plan: here’s how to plan your venture

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 financial and funding institutions, since it is a decision-making factor for loans and grants. Due to its importance and...

Invoice numbers: What to pay attention to

Numbering your invoices follows a certain set of requirements under U.K. law, and is also a helpful tool for managing your business and tracking your transaction history. Utiliszing a good invoice numbering system makes it easier to locate invoices for future referencing, and can come in handy when accessing sale records for customer service purposes. Following a structured invoice numbering...

General partnerships: freedom and risks for merchants

Trying to start a business with limited capital? The general partnership can make it happen. The general partnership structure is a good opportunity for company founders to bring their business dreams to life by finally starting their company. According to the definition, general partners share everything: the management, profits, and losses. What exactly is a general partnership, and when is it...

Bookkeeping software: how does an online accountancy programme work?

An accounting program helps you to organize and analyze your invoices and cost centers, VAT, and other areas of accounting. Cloud-based accounting software is particularly popular for small business owners, since it can offer more, due to the internet connection. Many entrepreneurs and self-employed people have time restraints, so that working with the support of an accountancy program can be an...

The patent: protecting valuable ideas

Humans are always producing inventions in the hope of making life easier. If you invent something new, you can apply for a patent. Patent laws are there to protect the inventor’s work since the patent is by definition a property right. But what exactly is a patent, what is its history, and how do you file one?


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