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 digitalization. How does the agile approach work? What opportunities and risks does it involve? And what role will this hot topic play in the...

 

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...

 

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...

 

What is call for tenders?

Call for tenders – How to search for procurement bids

When a US government authority or department procures services or goods, it is required to allow private contractors to bid on projects. This allows any interested company to submit an application to secure a project contract. The legislation ensures that there are no unfair competitive advantages and that state taxes for government projects are used economically. But what types of tenders exist...

Statement of work

Statement of work – the basis for an offer

When a company is interested in bidding for a public contract, it creates an invitation to tender based on a statement of work. This includes detailed information on the project’s goal and expected services. To make sure that the awarding entity receives suitable offers, a few points should be taken into account when creating a statement of work.

Just in time production

When is just-in-time production suitable?

Is it possible to improve economic success without raising product prices or lowering quality? Companies that optimize their value chain can do just that. Just-in-time production streamlines procurement and production, enabling significant savings. But careful: the strategy is not suitable for every company and every industry.

Booking contributions and withdrawals

How to book capital contributions and withdrawals correctly

If you want to use your company assets to strengthen company funds from your personal account, that isn’t a problem initially. However, you have to book these contributions and withdrawals correctly. It is important that these transactions do not affect the company’s profit or loss situation. Here’s what is important to make the right bookings.

Withdrawals

Withdrawals – made easy!

Withdrawing from company assets for personal use is a matter of course for many business owners. After all, they have to live off something. This process is known as a withdrawal and is not always straightforward when it comes to accounting and tax law. What do you need to consider, what kind of withdrawals are there and is it possible to do this in a limited company? We provide the answers.

Deferral

Deferral: When can you ask for payment deferment?

Is your company currently unable to meet its payment obligations or attend to its private contracts? In that case, a deferral is an option to delay payments whether you’re conducting business as an entrepreneur or a private individual. We’ll show you what conditions must be met for a deferred payment and what you need to look out for.

Capital contributions

Capital contributions – explained simply

As a business owner, it’s sometimes necessary to invest personal assets into your company. Whether it’s smaller purchases in everyday life – paying for gas at the gas station, for example – or larger sums if you’re trying to keep your company liquid. These are all known as capital contributions. We will provide a definition and explain what you need to keep in mind.

Liquidation

Liquidation of a company: Definition

In business, things don’t always go as planned. Whether it’s a mishap with an order situation, or too much debt, a company can quickly find itself staring in the face of financial ruin. No matter the situation, creditors will still be demanding their legitimate monetary claims, regardless of whether your company is facing insolvency or not. The final option is liquidating the company. The goal is...

What is insolvency?

Insolvency – a pathway out of debt

Insolvency has a bad reputation. It stands for a lack of funds and high debts. However, people often forget that insolvency proceedings don’t necessarily spell the end of a company. Insolvency administrators can help settle outstanding liabilities and help people keep their jobs.

Crisis communication plan

Crisis communication plan: every company needs one

Good crisis communication is important for any type of business because brands can damage their reputation in the long-term by using bad communication. Find out more about the process of establishing a crisis communication plan and the three phases the plan should cover. This article provides valuable tips to implement a crisis communication plan for each of the three phases using examples.

Grow Your Business

A solid business growth strategy is paramount for any business owner. This category focuses on all the aspects that follow the establishment of a company; from business strategy and growth, to recruitment, bookkeeping, and taxes.


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