PESTEL analysis
PESTEL analysis
  • Grow Your Business

It is important for companies to have an objective picture of their current market position when making strategic decisions. Analyzing your own business activities in comparison with the competition involves comparing your internal strengths and weaknesses with the opportunities and risks posed by micro- and macroeconomic environmental influences. These factors can be determined using PESTEL...

PESTEL analysis
Fishbone diagram
Fishbone diagram: Solving problems properly
  • Productivity

Entrepreneurs face problems on a regular basis. However, in order not to postpone but instead to solve these problems, it is important to look not only at their effects but also at their causes. The fishbone diagram is a tool that helps to identify causes of a problem in a structured way. We explain the principle of this cause-effect diagram.

Fishbone diagram: Solving problems properly
Questioning Techniques
Questioning Techniques: How to Get the Answers You Need
  • Productivity

For many, asking other people questions can take a lot of effort. But those who succeed in finding the ideal mix of attentive listening, showing interest, and questioning at the right times can also benefit professionally. The deliberate use of questioning techniques also helps you to promote communication based on trust and find the optimal answers to relevant questions with your coworkers.

Questioning Techniques: How to Get the Answers You Need
Time tracking systems
Time tracking systems: A comparison of different solutions
  • Productivity

Obviously, work hours need to be accurately recorded. The question is how and with what tool? There are a variety of time tracking systems on the market with varying prices and functions. However, the right solution for you is not necessarily the one with the lowest price or the largest range of functions. The system needs to be the right fit for your company for everyone to benefit from it.

Time tracking systems: A comparison of different solutions
Project Plan
Writing a Project Plan: This is How You Lay the Foundation for a Successful Project
  • Productivity

How you make sure that your project will be a success? With a well-thought-out project plan. When creating a project plan, you should make the work stages clear, as well as the requirements that the project has to be successful. In doing so, you’ll always know what the next steps are in the project, and if you are still on schedule and within your budget.

Writing a Project Plan: This is How You Lay the Foundation for a Successful Project
Price Elasticity of Demand
Price Elasticity of Demand – An Important Indicator for Companies
  • Grow Your Business

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.

Price Elasticity of Demand – An Important Indicator for Companies
Declaration of intent
Declaration of intent–what’s behind it?
  • Get Started

Shopping for bread at the bakery, grabbing coffee at the subway 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...

Declaration of intent–what’s behind it?
Guarantor
What are guarantors?
  • Get Started

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 are guarantors?
Additional capital contributions and capital calls
Additional capital contributions: Definition and explanation
  • Get Started

What happens when a limited liability 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.

Additional capital contributions: Definition and explanation
False self employment
Misclassified as an independent contractor: When can you be considered to be self-employed?
  • Grow Your Business

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 recognize...

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