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...

 

Google Workspace for a better workflow and remote collaboration

Google Workspace is a cloud-based collaboration software that unites multiple Google applications. Every registered user can access project plans, e-mails, and other documents via the cloud, regardless of where they are located. Numerous tools such as word processors, online calendars, or video conferencing facilitate collaboration and synchronise changes in real-time. In this article, we have...

The perfect business letter – structure, content, and design

A central component of running a business is writing business letters. These letters can serve the purpose of external communication: Entrepreneurs write business letters in order to initiate or develop business relationships. If they make first contact, the business letter must enable the recipient to obtain information about the sender’s business. We provide a standard template for business...

Correcting or canceling an invoice

If you send many invoices per day, errors can often occur. This can then lead to issues with the tax office, and claiming back deductions owed to you. There are several options available to fix errors, however. In this article, we will show you how to create a correction and a cancellation invoice.

Required components and information for a proper invoice

Only proper invoices are approved by the HMRC. If the invoice is incorrect or incomplete, you forfeit your right to tax deductions, among other consequences. To avoid this, make sure that you always meet the minimum invoice requirements. This quick guide explains what information and components are mandatory on your invoices, what can and can’t be omitted, and which special rules you should pay...

Writing invoices: guidelines for businesses and the self-employed

Invoices are usually written with a special online tool or with an office software, like Microsoft Word or Excel. However, regardless of how you create an invoice, the content and structure of the document are subject to the same guidelines. But what do you need to be aware of? And what are the benefits of writing an invoice online?

The basics of income tax – an overview

Income tax is an important topic for everyone – both for private individuals and for entrepreneurs. But who actually has to pay income tax on what income? How high are the tax rates, and what else does the amount of tax depend on? This article will look at why income tax is charged, and when you may be eligible for exemptions and deductions.

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?

Travel expense accounting: how to correctly reimburse travel expenses

Costs incurred during a business trip can be claimed back from the employer or in your own tax return. In order to do this, you need a detailed list of the individual costs in the travel expense report. But which costs can be claimed for tax purposes and to what extent? And what are the differences between business trips at home and abroad?

Pop-up shops: what are the advantages of this concept?

Pop-up shops: they usually disappear as fast as they appear. These are shops that are deliberately operated for a limited time and in which limited products are usually offered. A pop-up shop offers new entrepreneurs an opportunity to present themselves to customers for the first time and enables online shops to launch offline with less risk.

Employee motivation: better working atmosphere, higher turnover

What is motivation and how can I inspire my employees? The question is decisive for a company’s success. Employee motivation encompasses all methods that aim to strengthen employee job satisfaction and motivation to work well. According to this definition, long-term motivation can only come from within. With the right prerequisites and a constructive management style, it is possible to motivate...


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