Creating a web store: the cornerstone of seed money

Seed money for your web store

 

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....

 

SMART goals

How to achieve more by setting SMART goals

 

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)?

Neuro-linguistic programming (NLP) explained

 

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...

 

Home office tax deduction

How to deduct working from home from your taxes

 

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, explained simply and briefly

Double-entry accounting simply explained

 

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...

 

What exactly is Governance, Risk & Compliance (GRC)?

The terms “Governance, Risk and Compliance”, known as GRC for short, comprises the three areas that are responsible for internationally operating (often listed) large companies functioning well. GRC includes management and internal cooperation, assessing internal and external risks, and ensuring that all business processes and laws and regulations are in sync.

ICS: Internal Control Systems Explained

If you want to minimize the risks associated with organizational errors, damaging actions by senior employees or even just economic crime in your company, you do not want to leave anything to chance. An ICS - short for Internal Control System - establishes guidelines that enable the monitoring of operational processes. What does an ICS look like?

How Companies Benefit from Constructive Criticism

Constructive criticism is important, and in the majority of companies, the concept is well-known on paper. Yet too few companies manage to use their errors to drive success. We provide an overview of what constructive criticism means and how it can be achieved in the workplace.

Corporate Governance: The Business Management Principles

Corporate Governance is a core topic of business management and has long since stopped being only relevant for market-listed corporations. What principles and objectives are behind the catchword? What legal requirements apply? And what relationship does governance have to compliance? We answer the most important questions regarding this topic.

Microsoft Exchange: What are the alternatives?

Microsoft Exchange is the leading collaboration software, which you can use to manage emails, appointments, and contacts. But it’s not the only software for that. If you’re looking for an Exchange alternative, there are a number of tools with a similar range of services, including free and open-source options. Just make sure to check that your chosen solution fits the IT infrastructure of your...

Call for tenders – How to search for procurement bids

When a US government authority or department procures services or goods, it is required to allow private contractors to bid on projects. This allows any interested company to submit an application to secure a project contract. The legislation ensures that there are no unfair competitive advantages and that state taxes for government projects are used economically. But what types of tenders exist...

Statement of work – the basis for an offer

When a company is interested in bidding for a public contract, it creates an invitation to tender based on a statement of work. This includes detailed information on the project’s goal and expected services. To make sure that the awarding entity receives suitable offers, a few points should be taken into account when creating a statement of work.

When is just-in-time production suitable?

Is it possible to improve economic success without raising product prices or lowering quality? Companies that optimize their value chain can do just that. Just-in-time production streamlines procurement and production, enabling significant savings. But careful: the strategy is not suitable for every company and every industry.

The bullwhip effect

The bullwhip effect, also known as the Forester effect, describes the phenomenon in which fluctuations in market demand can increase at every point in the supply chain. Even small changes in demand that a retailer will hardly notice can have a major impact on a manufacturing company at the beginning of the supply chain. The bullwhip effect is therefore important for supply chain management.

G Suite alternatives: The most popular and hidden gems

G Suite is great. That is why many companies use it. But not everyone likes to follow the crowd and some businesses prefer not to use Google’s office solution. Our article covers well-known G Suite alternatives, and some lesser-known options that might just be the perfect fit.


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