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Long-term strategies: How to make your company more sustainable with the right company form

Choosing the right company form is one of the most fundamental decisions for any entrepreneur in Germany. Regardless of whether you are founding a start-up or want to restructure an existing company - the company forms in Germany offer a wide range of options. From the AG to the GmbH to the OHG, KG and the sole proprietorship: Each legal form has its own advantages and disadvantages that can significantly influence your entrepreneurial strategy. Did you know, for example, [...]

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Secrets of success of successful GmbH managing directors: What do they do differently?

Successful GmbH managing directors are characterised by specific features and strategies that set them apart from their competitors. While many managing directors struggle with the daily challenges of company management, these leaders have learnt to make the best use of their resources and develop a clear vision for their company. According to a study by the Association of German Chambers of Industry and Commerce (DIHK), 63% of managing directors are convinced that a clear communication strategy and effective HR management are the keys to their company's success.

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Sustainable Development Goals (SDG): Challenges and opportunities

Sustainability goals, also known as the Sustainable Development Goals (SDGs), were launched by the United Nations in 2015 and form a global framework for sustainable development by 2030. A total of 17 goals were defined that address a variety of social, economic and environmental challenges. These goals are not only important for governments, but also for companies, civil society and individuals. They aim to eradicate poverty, reduce inequalities

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Optimisation of resource planning for FM service providers

Resource planning is a key element for facility management (FM) service providers, as it forms the basis for the efficient provision of services. In an industry characterised by constantly changing requirements and a high degree of complexity, well thought-out resource planning enables service providers to make optimum use of their human and material resources. This not only leads to greater customer satisfaction, but also to a significant reduction in costs. Well-planned resource utilisation ensures this,

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A guide to sustainable receivables management in small companies

Effective receivables management is particularly important for small companies and SMEs. When it comes to securing liquidity and minimising payment defaults, dunning plays a central role. A well-structured debt collection strategy not only helps to manage outstanding receivables, but also strengthens customer relationships through targeted communication and professional payment monitoring. According to a study by Creditreform, around 75% of all companies are affected by payment defaults, which makes the

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Increased efficiency through condition-based maintenance

In recent years, condition-based maintenance (CBM) has established itself as one of the most effective strategies for maintaining machines and systems. In contrast to traditional, time-based maintenance, where maintenance work is carried out at fixed intervals, ZWM is based on the actual operation and condition of machines. This method enables companies to carry out targeted maintenance work when it is actually necessary, resulting in a significant reduction in downtime and costs.

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Accounting methods: A guide

Accounting is a key element of financial reporting and plays a decisive role in the financial reporting of companies. It makes it possible to present the assets, financial position and earnings of a company at a specific point in time. The choice of accounting method has far-reaching effects on the presentation of a company's financial situation and can therefore also influence the decisions of investors, creditors and other stakeholders. In practice, there are various

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Why experts advise against Bitcoin as a business investment

In the current economic climate, companies are faced with the challenge of developing innovative financial strategies in order to remain competitive. One such strategy is the integration of Bitcoin as an alternative form of investment. However, despite the hype surrounding cryptocurrencies, there are experts who advise against Bitcoin investments for companies. There are many reasons for this, ranging from volatile market movements to tax uncertainties. According to a survey in 2023, 57% of financial experts stated that

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Debit positions in accounting: A comprehensive guide for beginners

The debit position in accounting is a fundamental concept that is of great importance to both managers and experienced financial accountants. It refers to the planned or expected status of accounts at a particular point in time. This information is crucial not only for financial accounting, but also for preparing accurate financial statements and monitoring company finances. A well-structured understanding of the debit position can help you to avoid accounting errors.

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IoT in maintenance: efficient technology for system maintenance

The Internet of Things (IoT) refers to a network of physical objects that are equipped with sensors, software and other technologies to collect and exchange data. These objects can include anything from household appliances to industrial machines. The idea behind IoT is to improve the interaction between devices and people by enabling them to communicate information in real time. This networking enables companies to

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Predictive maintenance: Effective maintenance for maximum performance

Predictive maintenance is a strategic approach to the maintenance of machinery and equipment that aims to predict and prevent potential failures before they actually occur. This method uses various technologies and data analyses to monitor the condition of equipment in real time. In contrast to reactive maintenance, in which measures are taken after a failure, or preventive maintenance, which is based on set time intervals, predictive maintenance focuses on

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Are cloud-based CAFM solutions really secure?

At a time when cloud-based solutions are becoming more and more important, the question of the security of these technologies in the field of computer-aided facility management (CAFM) software arises. While innovative CAFM software providers offer undeniable advantages in terms of flexibility and cost savings, concerns about data protection and security are not negligible. According to a survey by Gartner, 70 % of respondents stated that they have security concerns about cloud-based solutions, which makes the

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The hidden costs of poor asset management and how to avoid them

When we talk about asset management, most of us think of the proper management of buildings and their infrastructure. But have you ever thought about what happens when this management is not optimised? The hidden costs might surprise you! Poor asset management can not only lead to physical damage to properties, but can also result in significant financial losses. These costs are often difficult to quantify and are often overlooked,

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Effective machine maintenance: tips and tricks

Machine maintenance plays a crucial role in industry and manufacturing. It not only ensures the functionality and efficiency of machines, but also contributes to the safety of employees. Well-performed maintenance can significantly extend the service life of machines and reduce the need for costly repairs. At a time when companies are constantly endeavouring to reduce their operating costs while increasing productivity, the importance of machine maintenance is becoming increasingly important.

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IFRS 16: New rules for leases

IFRS 16, which came into force in January 2019, represents a significant change in the accounting of leases. The standard was developed by the International Accounting Standards Board (IASB) to increase the transparency and comparability of financial reporting. Prior to the introduction of IFRS 16, companies had to distinguish between operating leases and finance leases, which often led to an incomplete presentation of financial obligations. With the new regulation, a

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Energy and sustainability management: a guide

Energy and sustainability management are key issues that are increasingly driven by the challenges of climate change and resource scarcity. Companies are faced with the urgent need to increase their energy efficiency and implement sustainable practices in order to not only reduce their operating costs, but also to fulfil their social responsibility. In this context, energy and sustainability management is understood as a strategic approach that aims to optimise energy consumption, reduce emissions and minimise environmental impact.

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Top 5 CAFM software market leaders in 2024: a comparison

Choosing the best CAFM software requires a careful analysis of the current market leaders and their specific offerings. In 2024, there are five outstanding providers that stand out not only for their innovative solutions, but also for their ability to adapt to modern requirements. Planon, for example, offers comprehensive property management functionality and claims to have achieved an increase in efficiency of up to 30% for its users. Archibus stands out

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Building maintenance: Why preventive maintenance is the key to reducing costs

Building maintenance is a key aspect of facility management that is often underestimated. But did you know that preventive maintenance can save up to 30% of maintenance costs? This finding is supported by numerous studies, and it is no longer a secret that a well thought-out maintenance strategy not only increases the longevity of facilities, but can also significantly reduce operating costs. Focusing on preventative measures means identifying and minimising potential problems.

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Top 5 advantages and disadvantages of AG, GmbH, OHG, KG and sole proprietorship at a glance

When setting up a company in Germany, choosing the right legal form is crucial. Different company forms such as AG, GmbH, OHG, KG and sole proprietorship each have specific advantages and disadvantages that need to be taken into account. The decision affects not only liability and tax aspects, but also flexibility in business activities. According to a study by KfW, almost every structure has its own challenges: around 50 % of the

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