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...

 

Business impact analysis

The business impact analysis

 

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

Agile working: mastering the challenges of the digital world

 

“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...

 

Body language

Body language: The most important form of nonverbal communication

 

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

Supply and demand – how they control the market

 

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...

 

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...

 

Accruals and provisions made simple

Unfortunately, when doing your annual accounts, it’s not always possible to know how much your operating expenses will be in advance. Because of this, you should always allocate a portion of your income for provisions and accruals. This way, you can avoid financial risks. But what do these terms mean, and how should they be recorded on your company’s balance sheet? This handy guide provides...

What is depreciation? Starting off with the basics

What does depreciation mean and what role does it play in a business environment? These questions are of great importance to entrepreneurs. Depreciation is often a closed book for business founders. To find out more about the basics, continue reading this article, in which we explain not only various depreciation types and methods of calculation, but also shed light on how to act with low-value...

Setting up a general partnership: The path to a partnership-based business

If two or more partners want to start a business together, one of the simplest options is starting a general partnership. This business structure grants equal rights to all participants, but also imposes some serious obligations – namely, since a general partnership is a partnership, this means that the partners have to stand up for the company’s liabilities with all their assets. You should...

Partnerships, explained

When setting up a company, you should consider carefully which legal form to take, since the rights and obligations of the shareholders and the company itself depend on it. It is important whether you choose a corporation or a partnership – and the choice of legal form also plays a role. If you choose a partnership, you will have to deal with its different legal forms. We explain how these differ....

Minimum Viable Product: maximising potential while minimising risk

You would think that deploying a product with minimal functions would be a no-go for start-ups, since the product should reflect the founders’ passion. However, if you take a closer look at the purpose of an MVP, you will see that MVPs and start-ups go hand in hand. This concept plays an important role for many companies as the foundation for agile development. Here you will learn how to use the...

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.


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