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...

 

Working from home tax deductions

How to tax-deduct working from home

 

Whether you’re self-employed or employed – a growing number of professionals are working from home and many even set-up a dedicated space to perform their job duties. To reduce the tax burden, the costs for working from home can be tax-deducted. However, certain conditions need...

 

Creating a web store: the cornerstone of seed money

Seed money for your online shop

 

When planning the finer details of your online shop, rushing through your financial plan can lead to chaos. It’s important to be aware of how much money you need to spend, and only an extensive finance plan can provide the necessary security for the development of your web store....

 

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...

 

Register as a sole trader

How to register as a sole trader

 

It’s easy to become self-employed in the UK. All you need to get started is a business idea and a bit of courage. The one-person business does require registration with the HMRC and there are a few other requirements you will need to fulfil. It’s important to understand the risks...

 

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...

 

Declaration of intent–what’s behind it?

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: entrepreneur vs business owner

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.

What are guarantors?

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...

Misclassified as an independent contractor: When can you be considered to be self-employed?

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...

The DISC assessment: Outdated test or useful tool?

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 Internal Audit: Quality Assurance for Business Processes

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...

WOOP Method: Achieving Success Despite Obstacles

Just think positively and it will all work out? No matter whether it’s a business or private context, hardly any plans succeed with that approach. The WOOP method combines proven techniques for achieving goals and establishing new habits. Rather than simply ignoring potential obstacles, the WOOP strategy explicitly accounts for them in its plans.

Gap analysis: the starting point for successful strategic planning

Often in projects, the actual execution of something will differ greatly from the original plan. Using gap analysis, you can see just how much they will differ from the outset. It is the first step on the road to adapting a strategy to fit real-life situations within a company. With this method, you can avoid financial downturns and business setbacks from the start.

Skype Interview Tips: How to Prepare for a Skype Interview

A Skype interview can be a perfect solution in a world of work that’s increasingly benefiting from employee mobility. However, it’s important that no personal habits sneak their way into a Skype interview with a future employer. If you consider all the technical and formal requirements, a meeting over Skype can hold the same chances of success as a conventional interview.


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