According to the US Small Business Association (SBA), a small business is a privately-owned and operated business with a small scale of trade and a small number of employees, depending on the industry. A small business can be an LLC, partnership, or sole proprietorship. There are many pros and cons to running a small business, and in this article we will be your guide and answer your questions.
When two or more people join together to operate a business, they often choose a limited partnership as their legal structure. While it is fairly simple process to start a limited partnership, provisions regarding liability can sometimes pose major challenges to shareholders. Whoever enters into a limited partnership doesn’t just take over a part of the management duties, they also become...
A work-life balance involves a lot more than simply dividing working time and personal time equally. The concept is often viewed as a philosophy that determines many aspects of a person’s life. In order for it to succeed, both employers and employees must make an effort to create the best possible working conditions. Read all about why this philosophy is so desirable, what it includes, and how...
Do you want to put a business idea into practice and set up a Limited Liability Company? You may already have basic knowledge on LLCs, but do you know the process of starting one, how much it costs, and how long it will take? We list the steps to take and provide with a checklist so you can keep on track.
Qualified employees are a decisive factor when it comes to determining success for a company. The prerequisite for success is a functioning, strategic system of personnel management. As an essential component of personnel management, personnel administration is responsible for the smooth running of administrative and routine tasks within human resources. Personnel management pursues the central...
Regulations on working hours are one of the most important arrangements between an employee and employer. But how much break time are employees entitled to? How does the law define breaks and are there any exceptions? Which breaks are paid for and which aren’t? Answers to all these questions can be found in this article.
There’s a sale in the store. Large queues at the counter. Hardly any staff to be found. Apparently, there was a misunderstanding about the work schedule: two employees didn’t show up because they had lost theirs. The solution? Go digital. With Excel, you can easily create a work schedule and send it as a PDF file to your employees’ smartphones. But how does this work?
A productive working atmosphere can only be created when colleagues talk to each other in a friendly, constructive way. That’s why good communication is so important at work. If everyone, from managing directors to interns, communicates properly with each other, a company can be more successful than its competitors. What contributes to good communication in the workplace?
Conflict management can be a useful tool for every company. Despite the best of efforts, most companies will likely experience conflicts of varying seriousness between employees. These conflicts must be resolved as quickly as possible, and in a way that will satisfy all parties. How can you best achieve de-escalation? What types of conflict are there? We provide the answers.
The assessment center: for some an absolute nightmare scenario, for others, the most effective selection procedure. Companies can find the perfect employee for an advertised position through intensive discussions with applicants and special examination situations.