Crowdfunding is a way of raising funds for a project using an online campaign. It’s a popular way of financing, especially for private individuals and startups. Usually private individuals are addressed directly. Four main crowdfunding models have been established, which differ depending on the rewards you promise your donors in return. In our article, you will also learn about what makes a good...
Subsidiary A is in financial difficulties, while subsidiary B has money at its disposal. Instead of accepting high debit interest rates and low credit interest rates, wouldn’t it be more practical to simply redistribute liquidity? With cash pooling, this is possible, but beware: You also have to follow certain rules when granting intra-group loans. Otherwise, you may face the threat of legal...
You will most likely know the shareholders in your company. What does the stakeholder situation look like? The success of your company depends on various groups of people. Not all of these people are employed by you or have shares in your business. In particular, external stakeholders such as suppliers and customers, as well as the state and the general public, have a massive impact on the success...
Salary negotiations are important, if delicate topics for employees. You should prepare yourself so that you remain calm when talking to your supervisor and reach the desired conclusion. We provide you with useful tips and tricks on asking for a raise and starting salaries.
There are many different kinds of tax exemptions, which either reduce or entirely eliminate your obligation to pay tax. Most taxpayers are entitled to tax credits that reduce their tax bill in the same way that deductions do. Many organizations and groups such as charities are even totally exempt from income tax by the federal and state governments.
If you are applying for a job, attach a cover letter to your application documents. This is a text in which you introduce yourself as a person and a worker. The art of writing a cover letter is to present yourself in the best way possible as concisely as possible. Most cover letters follow a similar structure so that HR managers can quickly grasp the essential information.
Continuous improvement and continuous learning: with PDCA, you ensure sustainable changes in both work and private life. The model, also known as the Deming cycle, helps to improve all possible situations – through an iterative, cyclical, and controlled process. How do you apply PDCA correctly?
Soft skills are all those skills that make you stand out as a worker, but seldom appear on certificates or help you achieve qualifications. Your soft skills are relevant to employers for lots of different reasons: How well can you work with people? How do you deal with stress? We give examples of soft skills that are useful in your job and provide useful tips on how to develop them.
Practical skills, professional skills, and technical knowledge: All this can be summarized as hard skills. At present, these skills are in demand in the course of digitalization, and are becoming more and more important. But traditional hard skills are by no means outdated. What exactly are hard skills, which kinds exist, and how do they differ from soft skills?
It is important to have an idea of your own company’s profitability. But looking only at the annual profit is often misleading. When it comes to EBIT, the annual net profit for income and expenses is adjusted through interest and taxes. This results in the so-called “operating result” – the key figure for success in normal business operations. We explain what EBIT is and how it is calculated.