When planning the finer details of your web store, 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....
Have you heard of SMART goals, but you’ve never used an organized and effective method for setting objectives? We’ll explain the advantages of SMART goals, how to use the technique for your personal and business goals and what to watch out for with this method. Because, like all...
Neuro-linguistic programming, NLP for short, is a collection of tools and models designed to facilitate and strengthen communication in various areas of life and work. The goal is to better understand oneself and others, and to make positive changes. We will tell you exactly what...
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 any resulting financial burden, the costs for working from home can be deducted from your taxes....
Double-entry accounting or double-entry bookkeeping is an essential part of the accounting system. Lots of entrepreneurs have a hard time with bookkeeping, when in fact it should be an aid to you and provide a detailed overview of your finances. Double-entry accounting isn’t an...
Green marketing is becoming increasingly important for companies, as sustainable production now plays a major role in the purchasing decision of many consumers. By definition, green marketing is not just about selling sustainably-produced products, but also about transparency concerning the ecological orientation of all areas of the company.
How does one handle criticism? Preferably with a strategy, genuine interest and the goal to improve something: Real complaint management is more important for a company than many people think. If you have a complaint management that functions well, your customer base will far more satisfied and the quality of your services will steadily increase. We explain how you should organize the complaint...
Using a template to write invoices saves you a fair bit of time. While you still have to enter all of the payment information for each order on your own, sample invoices provide a ready-made design that you just have to fill in using the relevant company and customer data. But how does the perfect invoice template really look? And what should an invoice template consist of?
Whether you’re a freelancer, small business owner, or you manage an even bigger company, you know that organizing your finances can get stressful. Accounting software can relieve a lot of the hassle and keep your finances in order. We introduce you to ten of the best accounting software packages.
What is invoicing software? Invoicing software is a cornerstone of running a business, whether large or small. Automating the invoicing process speeds up your work, allows you to get paid faster, and to grow your business at a greater pace. Our article presents the top 10 invoicing softwares available in North America.
Inventory management software provides businesses with an accurate overview of all stock, orders and deliveries. For growing companies to large enterprises, an inventory system reduces the likelihood of mistakes and stock-outs, and enables businesses to plan for the future, satisfy customers, and increase productivity. We’ve assembled a list of the top ten inventory control software so you can...
Mind maps are the preferred method of tapping into the creative power of the human brain for those with particularly intelligent minds. Usually, people simply reach for a pen and paper but are soon confronted with the limitations of these traditional tools. Digital mind mapping tools are the next step: presenting complex idea structures and concepts is not just faster and easier, the end result...
Anyone exporting goods must properly declare them for customs assessment. Whether the goods clear customs or not depends on this invoice. Sample shipments, gifts, or spare part deliveries within the warranty period are usually not invoiced to the recipient. However, you still have to issue a pro forma invoice. We explain what the invoice is all about.
The profitability forecast is part of the business plan and gives you and your investors an overview of your business ideas’ viability. Using an example scenario, we will show you how to prepare and objectively evaluate the profitability forecast. Nothing can stand in the way of your business success with proper financial planning.
You can use the EBIT margin to measure how profitable your business is and compare it with other companies. Unlike profit margins, taxes and returns don’t interfere with comparability in the EBIT margin. That’s why it’s an ideal value for international comparisons. It's also useful for comparing sectors. We explain how you can calculate the EBIT margin.
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