After introducing a product on the market, many companies tend to wonder how its sales will evolve in the future. Every product goes through the same stages. Once you understand the product life cycle stages, you can better plan out your company’s operations. This model affects a wide range of business sectors. Ideally, you should be thinking about the product life cycle for marketing as well.
An association is the best way to join forces with like-minded people and pursue a common goal - provided you are not primarily interested in making a financial profit. In order to guarantee that your association functions in the long run, you’ll have to take a lot into account. How do you actually start an association? And what are the requirements for starting an association?
Getting Things Done (GTD) is a productivity and time management system that was developed in 2001 by David Allen and now has a large community of followers. What’s so special about the GTD method? You can apply it to all areas of life to prevent important to-dos from falling through the cracks. That being said, this time management method isn’t right for everyone.
On average, HR spend four minutes on each application. That’s why you should make sure your curriculum vitae is setup in such a way that it’s easily skimmable – the best way to do this is with a tabular CV, which covers all your bases. With our free CV template, we’ll show you how to create this kind of CV and what contents HR look for.
Nowadays, an elevator pitch rarely takes place in an actual elevator. But the fact remains that we often face situations in everyday life where we need to present ourselves in a brief and compelling way. Could you pique the interest of a potential employer or investor in under two minutes? Here's a guide on how to give a perfect elevator pitch.
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 does the law of supply and demand work?
To correctly evaluate a company, and to be able to compare it with others, you require appropriate key figures. However, the profit at the end of the year is not the right choice for all situations. Business economists often use other comparison values. The EBITDA value emerges again and again in this context. But: what is EBITDA?
You rely on meaningful figures for running your company. The EBITDA margin gives you a powerful tool for measuring the profitability of your company in its day-to-day business operations so you can make corrections if required. You can ignore items which are not significant for the result of your company operations. We explain how to calculate the EBITDA margin.
Which business documents are subject to retention? Who is obligated to store them? 2 years, 6 years, 10 years: How long is long enough? The requirements for retaining commercial documents and their relevance to tax law can be confusing. We will guide you through the process and show you what needs to be kept by whom and for how long, as well as how to properly store business documents.
Saying no at work is a balancing act. On the one hand, it is important to show team spirit and sometimes to take on additional tasks even in stressful situations. On the other hand, people need to stay within their own limits so they can remain productive and motivated over the long term. With the right approach, you can do both.