... a business partner. Even then, we wanted to implement new business solutions in the rather conservative commodities market. Digitalization played a key role in this process. – Where did you begin? – First and foremost, we automated internal business processes. This allowed us to move away from manual management. We customized the 1C software to meet our specific needs, making operations across different departments more transparent and efficient. We also enhanced security by developing and automating ...

... manage a business through delegation? Create a delegation culture It's crucial to integrate delegation as part of the corporate culture. It should be viewed not just as a way to offload tasks but as an opportunity for employee growth and increasing business efficiency. Automate routine processes Delegation can be even more effective if routine tasks are automated through software. This enables employees to focus on more complex and valuable business tasks. Plan delegation in advance When planning tasks and projects, consider which tasks ...

... poses a significant problem, as businesses are subject to various fiscal authorities and government bodies that are often suspicious of such transactions. To mitigate issues, it can be prudent to involve a knowledgeable lawyer in the re-registration process. Assessing Prospects. Established businesses have documented revenue and expense reports, making it straightforward to assess their viability through an audit, which can be conducted independently if the necessary expertise is available. The situation is more complex with startups, where ...

... instance, if the student excels in math, they could engage in tutoring. What needs do people around me have? By understanding what's in demand among peers or neighbors, the student can select an idea that will be immediately useful and relevant. Choosing a business based on personal interests and skills not only increases the chances of success but also makes the entire process more enjoyable. 2. Attract Customers through Social Media Social media is a powerful tool for promoting even the smallest projects. For students, it provides an accessible and familiar way to attract customers and build a community around their ...

... in a particular area, rather than trying to grab onto everything at once. Speed. Decisions are made quickly and quickly implemented. Flexibility. They maintain an open mind and respond to change Constant innovation. They are tireless innovators and business process optimizers. Flat structure. The management structure in entrepreneurial firms has as few levels as possible. Thrift. Due to low overheads and high productivity, entrepreneurial firms keep their costs to a minimum. Probably one of the main points ...