“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 future? We provide an overview.
Have you heard of SMART goals, but you’ve never used an organised and effective method for setting objectives? We’ll explain the advantages of SMART goals, how to use the technique for your personal and business goals and what to watch out for with this method. Because, like all methods, SMART goals also have their drawbacks.
If the price of a product is increased or decreased, this has an impact on demand. The price elasticity of demand indicates how strong this impact is. It shows whether the demand for a product or service is elastic (fluctuating) or inelastic (stable) when the price changes. We explain how this value is calculated and provide an example.
Shopping for bread at the bakery, grabbing a coffee at the station, ordering online: Every day, we get involved in legal transactions, and each time, we enter a declaration of intent. From a legal perspective, the process covers many different aspects. Which elements belong to a declaration of intent, and what types exist? We’ll explain the meaning of a declaration of intent with some examples.
Starting a business can be a dream come true for many entrepreneurs. Once you’ve decided on the right legal structure and told HMRC about your plans, you may think you’re ready to get going. But depending on the type of business you operate you may have to apply for a licence or permit to sell goods or services. Here’s what you need to know.
Getting a loan sometimes doesn’t work out because the bank is not certain that the applicant can afford the instalments. A guarantee helps secure this. But what is a guarantee ? It gives a creditor additional security for an agreed payment: in an emergency, the guarantor pays the amount owed. This can be a private person, but also an insurance company or a bank, for example. What exactly is a...
What happens when a limited company needs more money than it can raise on its own? In this instance, the operating agreement may include a call for additional capital contributions. We explore what they are and how they differ from initial capital contributions.
Being self-employed initially sounds tempting to many workers: Free time management, no boss, and the prospect of potentially more money and a new challenge. However, many self-employed people and their clients fall into the trap of false self-employment. What risks does this kind of employment relationship entail for both sides? We answer this question and explain which criteria help to recognise...
For many years, the DISC assessment has been a popular tool used by companies to improve their management style, collaboration, and sales. If you know which of the four DISC assessment types match your personality, you can gain valuable insight to improve your work and influence your career development. But the test has also been under scrutiny.
The bigger an organisation is, the more difficult it can be for its management to keep an eye on all procedures. An internal audit – a quality assurance and consulting activity that analyses business procedures – is helpful in achieving this. The purpose is to ensure the optimal implementation of the organization’s objectives while avoiding unnecessary risks and by complying with applicable...