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...

 

Providing feedback: How to give constructive feedback

Giving feedback is part of professional communication – no matter whether you’re a manager, coworker, or customer. Feedback gives people the opportunity to understand whether a collaboration is working well and where there is still room for improvement. But if you give feedback, there is a risk that the recipient will feel personally attacked by the criticism. Feedback rules help to minimise this...

Conjoint analysis: can a product establish itself on the market?

Conjoint analysis is conducted before launching a product on the market to obtain information about whether it will be competitive and which of its attributes would contribute to this. A variety of potential product designs are presented in a customer survey, and the survey participants are asked to indicate which one they would choose. The results reveal consumers’ priorities.

Sorry for the late reply: How to write apologies for a late reply

Everyone forgets to reply to less important emails at work once in a while – or even puts them off deliberately. This may be the case if you have to pass on bad news, for instance. But if you want to avoid making a negative impression, you shouldn’t just leave it. A well-formulated apology for a delayed response can help you to convince customers, business partners, and co-workers of your...

Cost estimates: Samples and recommendations for companies

With many services, it is common to first obtain and compare several cost estimates before making a final purchase decision. Writing a cost estimate has long been part of the daily routine for many business owners. In our guide, you will find out what you need to keep in mind, and you can download our practical cost estimate templates free of charge.

ISO 50001 Energy Management

Reducing energy costs while protecting the environment: The international standard ISO 50001 can help you to use energy resources more efficiently in your company. An energy management system run according to ISO 50001 is designed to monitor and continuously improve energy efficiency. So, what is ISO 50001?

Standardised Risk Management: ISO 31000

Risk management in accordance with ISO 31000 can ensure a company’s survival: Every organisation frequently encounters danger factors – however, these don’t have to be a problem if you know how to deal with them. That is why many companies set up a risk management system, and the ISO 31000 standard provides a valuable tool for doing this. What does the international standard mean?

Accounting apps in comparison: The best solutions for mobile accounting

Since a low budget often doesn’t permit hiring an external accountant, many self-employed people and small and medium-sized enterprises (SMEs) have to manage their own accounts to schedule invoices and keep track of payments and payroll. Accounting apps deliver those much-needed services straight to your mobile device and enable you to work from your smartphone or tablet. Here, we introduce you to...

Workforce management (WFM): objectives, methods and tools

Hiring qualified employees is just half the battle. Engaging them effectively is the real challenge. Workforce management is intended to ensure that positions within a company are filled by the most qualified employees for them. It is also supposed to prevent bottlenecks or surplus within the company.

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 and costs that could arise when you’re registering as a sole trader.

The sole trader: Everything a business founder should know

Sole traders or sole proprietors are the most popular business form in the UK. Compared to other enterprise structures, the set-up costs are low and start-up funding can be low depending on your business. Registering as a sole trader makes it easy to become self-employed. However, if you’re planning to start your own business, you should be aware of the steps and risks involved.


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