Order status, product compatibility, updated delivery terms – manual transmission of data to business partners by mail or phone takes a lot of time. But this can also be done with less effort. The solution: an extranet. But what is an extranet? How do companies use it? This article looks at how to create an extranet, as well as the benefits and some disadvantages of using one.What is an extranet, and how can I use it?
A business plan is an essential tool for every entrepreneur seeking to kick off a budding project. This not only applies to brick-and-mortar companies, but also to web stores. This is where entrepreneurs can really get to the heart of their business concept, outlining all the crucial elements: from marketing strategies to the company’s staff structure. Providing a projection of the company’s...Setting up an online store: tips for creating your business
Everyone has certainly heard the term “franchise” at some point, but what exactly does it mean? Imagine you want to start a company, but you’re lacking the necessary capital and know-how. Instead, you decide to get involved in an business model that already exists, and build a business under a successful brand. This concept is called “franchising” – and it allows you to start your own business...Franchising: gaining independence through partnership
Running your own business can be a challenge, as well as highly rewarding. Having to deal with paperwork often seems like a necessary evil, but preparing yourself for individual steps can help break it down. Registering your business need not be stressful – we’ve got a guide here on how to register your business to help you along the way!Registering your company: the steps you need to take
Managing a company without having to take responsibility for your assets? This is possible with a limited liability company (LLC) and this is the reason that many business owners in the US choose this legal structure. We explain what an LLC is, its hierarchy, as well as naming some of the advantages and disadvantages of this kind of business structure.Limited liability company: definition of the legal structure
Companies often work together despite being in competition with one another – in many fields and in many forms. The joint venture is one of these strategic cooperation models and enables cooperating companies to strengthen their joint presence in the global business world and to survive in a competition. But what does joint venture actually mean? What types of joint ventures are there? What are...Joint Venture
Are you a manager, leader or expert? Each of these guidance styles fulfils a particular purpose and should be used according to the situation. In order to lead to the best of your ability, and motivate your team to achieve goals, you should select and consistently adhere to a management style. Each type of leadership has its own strengths and weaknesses. Here, you can read what these are and when...Am I a leader? A comparison of management styles