Accounts receivable management is a key part of keeping a business financially healthy. One important metric that helps measure efficiency in collecting receivables is BDSO, or Best Possible Days Sales Outstanding. What is BDSO? BDSO stands for Best Possible Days Sales Outstanding. It measures how quickly a company can collect receivables in an ideal situation… Continue reading BDSO and Its Impact on Cash Flow
Category: Career and Ambitions
Crab Mentality: The Mindset That Holds Us Back
In many parts of the world, people share a story about crabs in a bucket. If you put a single crab in a bucket, it can probably climb out. But if you put several crabs together, none of them escape. As soon as one tries to climb out, the others pull it back down. No… Continue reading Crab Mentality: The Mindset That Holds Us Back
Delegation and the Johari Window: Finding Clarity in Work and Communication
Delegation is one of those words that often makes people think of leadership seminars, corporate training sessions, or motivational posters about teamwork. In reality, it is something that shows up in almost every aspect of life. We all face the choice between doing something ourselves or asking someone else to take it on. Parents delegate… Continue reading Delegation and the Johari Window: Finding Clarity in Work and Communication
How Paraphrasing and Setting Priorities Can Transform Your Workday
In any workplace, success is not only about technical expertise or how many hours you put in. The way you communicate and how you decide what matters most often determine your effectiveness. Two underrated yet highly practical skills in this area are paraphrasing and setting priorities. At first glance, they may seem unrelated, but together… Continue reading How Paraphrasing and Setting Priorities Can Transform Your Workday
Like a Post-it Note
Post-it notes are small. They’re light, easy to overlook, and yet somehow, they’re everywhere. You’ll find them clinging to the edge of a computer monitor, tucked between book pages, or stuck to a refrigerator with a scribbled reminder. People grab them without thinking. They’re convenient, disposable, and quietly useful. And sometimes, we feel just like… Continue reading Like a Post-it Note
The Person Everyone Depends On But Rarely Thanks
There is always that one person in every workplace, family, or group of friends who seems to carry more than her share of weight. She is not the one with the highest position or the most authority, yet somehow she ends up being the one who keeps everything moving. She runs errands no one else… Continue reading The Person Everyone Depends On But Rarely Thanks
Leadership Styles That Can Shape Our Career and Team
Leadership is one of the most studied and discussed topics in business, education, and management. Yet it is also one of the most misunderstood. People often assume that leadership is about authority or charisma, but the truth is that effective leadership depends on how a person interacts with others, makes decisions, and guides a group… Continue reading Leadership Styles That Can Shape Our Career and Team
The Unexpected Journeys of Work and Home
In life, we often make choices that seem small in the moment but later become the very reasons why we grow in ways we never imagined. Back in 2019, when we moved from living just five kilometers away from my workplace to suddenly being thirty-six kilometers away, I didn’t realize how much that shift would… Continue reading The Unexpected Journeys of Work and Home
Remote Work Etiquette That Builds Trust and Team Spirit
Remote work has opened the doors to flexibility, freedom, and work-from-anywhere lifestyles. It’s no longer just a trend but a long-term shift in how many people collaborate. While it comes with its perks, remote work also requires a certain level of discipline, awareness, and communication that isn’t always talked about. Building trust and maintaining a… Continue reading Remote Work Etiquette That Builds Trust and Team Spirit
The Power of Being Reliable at Work
In every workplace, there are a few people others naturally turn to when things get tough, deadlines get tight, or problems arise unexpectedly. These are the reliable ones. They’re not always the loudest in meetings or the flashiest with presentations, but they are the ones others trust. Being reliable might not sound like the most… Continue reading The Power of Being Reliable at Work
How to Stay Professional at Work Even in Difficult Moments
Being professional at work means more than just dressing neatly and doing your job on time. It’s about how you carry yourself, how you handle tough conversations, and how you respond when situations get uncomfortable. Every workplace has moments that test your patience or make you feel disrespected. What truly sets a professional apart is… Continue reading How to Stay Professional at Work Even in Difficult Moments
The Trouble with Power Tripping: How Control Turns Toxic
Power trips are as old as power itself. The moment someone feels they have a little more say, control, or authority than others, the temptation to misuse it can creep in. Sometimes it’s subtle. Sometimes it’s blatant. But wherever it shows up—at work, in schools, online, in politics, or in day-to-day life—it leaves a trail… Continue reading The Trouble with Power Tripping: How Control Turns Toxic
Understanding the Difference Between 3PL and 4PL in a Clear and Simple Way
When people talk about logistics and supply chains, they often mention terms like 3PL and 4PL. These might sound complicated but they are simply two different ways businesses manage how their products move from factories to customers. Knowing the difference can help companies choose the right option to save costs, improve delivery times, and keep… Continue reading Understanding the Difference Between 3PL and 4PL in a Clear and Simple Way
The Quiet Game of Office Politics
In every workplace, beyond tasks, deadlines, and job descriptions, there’s something quieter but just as powerful shaping daily life: office politics. Whether subtle or overt, internal politics influence how people behave, who advances, and who feels stuck. It can be hard to spot at first, but its effects are lasting. What Is Office Politics? Office… Continue reading The Quiet Game of Office Politics
Embargo and Sanction: What They Mean and Who They Affect
Embargoes and sanctions are powerful tools that governments and international organizations use to influence or punish nations without resorting to armed conflict. Though the terms are sometimes used interchangeably, they describe different approaches with shared goals: to change behavior, uphold global norms, and protect national interests. An embargo is like a total blackout. One nation,… Continue reading Embargo and Sanction: What They Mean and Who They Affect
Grateful for the Pause: A Public Holiday to Catch My Breath
It’s not even the end of the week, but I’m feeling especially grateful for today. A public holiday. It sounds simple on the surface. But this one is landing like a lifeline. A pause in a calendar that has barely allowed time to think, let alone rest. Burnout doesn’t feel far away anymore. It’s circling… Continue reading Grateful for the Pause: A Public Holiday to Catch My Breath
Why Germany Is Still Struggling with Digitalization – A Real-Life Look from Finance
Working in Germany, especially in a field like Finance, often feels like stepping into a strange paradox. On one hand, you’re in one of the most advanced economies in the world—known for its precision, engineering, and efficiency. On the other hand, daily tasks can feel like they belong in the 1990s. If you’ve ever had… Continue reading Why Germany Is Still Struggling with Digitalization – A Real-Life Look from Finance
The RACI Matrix: A Clear Guide to Defining Roles and Responsibilities
Imagine you’re on a project team, and everyone’s trying their hardest—but confusion still creeps in. Who’s supposed to do what? Who makes the final call? Who needs to know what’s happening? These questions can slow things down, drain energy, and invite mistakes. Enter the RACI Matrix—a simple yet powerful tool that answers these questions clearly.… Continue reading The RACI Matrix: A Clear Guide to Defining Roles and Responsibilities
The SWOT Analysis: A Simple Yet Powerful Strategy Tool
In today’s dynamic business environment, clarity often comes from simplicity. One such simple yet incredibly powerful tool that helps individuals, businesses, and teams assess their current standing and plan ahead with confidence is the SWOT Analysis. It’s not just a buzzword you’ll hear in a business meeting or find in a textbook; it’s a real-world… Continue reading The SWOT Analysis: A Simple Yet Powerful Strategy Tool
The GROW Model for Leaders
As organizations navigate increasing complexity, great leaders aren’t simply task-masters or checklist-monitors. They’re coaches—guides who help team members uncover their potential, build confidence, and take ownership. The GROW Model is a powerful yet straightforward tool that leaders can use to structure meaningful developmental conversations, support people to think deeper, and set them on a path… Continue reading The GROW Model for Leaders
The 5S Method in Lean Management: Simplicity That Transforms Workplaces
Ever walked into an office, workshop, or even a digital workspace and felt overwhelmed by the mess? Or maybe you’ve spent more time than you care to admit searching for that “very important” file—only to find it in a folder titled “Misc”? Whether you’re running a manufacturing floor, a law office, or a digital marketing… Continue reading The 5S Method in Lean Management: Simplicity That Transforms Workplaces
Coach vs Captain in Leadership Roles: Choosing the Right Role in the Right Moment
Leadership is complex. When faced with guiding a team or a group, two metaphors often come to mind: the coach and the captain. Both roles involve managing people, but they have distinct styles, strengths, and weaknesses. In this blog post, we’ll explore these differences, go through examples, and discuss when it’s better to be a… Continue reading Coach vs Captain in Leadership Roles: Choosing the Right Role in the Right Moment
Cash Against Documents: A Practical Tool for Global Trade
In international trade, doing business across borders brings both opportunity and risk. One of the biggest concerns for exporters is getting paid, especially when dealing with buyers in new markets. At the same time, buyers don’t want to pay before goods are shipped. A practical solution that balances both sides is Cash Against Documents (CAD).… Continue reading Cash Against Documents: A Practical Tool for Global Trade
Accounts Receivable vs Accounts Payable: Key Differences
When it comes to understanding how a business manages its money, two essential terms often pop up: accounts receivable and accounts payable. These are basic, yet powerful parts of financial management that every business, no matter the size, deals with regularly. While they might sound similar at first, they actually represent opposite sides of a… Continue reading Accounts Receivable vs Accounts Payable: Key Differences
SBR vs ABR: How Strategic and Annual Business Reviews Drive Your Company Forward
When you’re running or managing a business, there’s a constant need to check how things are going, whether you’re moving in the right direction, and what you should do next. Business reviews help with exactly that. But not all reviews are the same. You may have heard terms like SBR (Strategic Business Review), ABR (Annual… Continue reading SBR vs ABR: How Strategic and Annual Business Reviews Drive Your Company Forward
Why Payments Are Always Late in Europe’s Healthcare System
If you’ve ever worked with public hospitals, clinics, pharmacies, or distributors in Europe, you’ve probably asked yourself one simple question: why does it always take so long to get paid? It’s a common frustration. Invoices stretch out for months, reminders go unanswered, and there’s always some excuse. But the reasons behind these delays are more… Continue reading Why Payments Are Always Late in Europe’s Healthcare System
Tenders for Public Hospitals: Why They’re Essential and How They Work
Tenders play a crucial role in the way public hospitals operate, even though the term might sound bureaucratic or complex. Simply put, a tender is an official offer made by suppliers or service providers to deliver goods, services, or carry out work at a specific price. When it comes to public hospitals, tenders are a… Continue reading Tenders for Public Hospitals: Why They’re Essential and How They Work
Credit Limits in the Healthcare Supply Chain: Protecting Cash Flow Without Disrupting Care
In the world of healthcare supply, credit is not just a financial tool—it’s often a lifeline. Suppliers provide critical medical products to a wide range of customers: public hospitals, private clinics, retail pharmacies, wholesalers, and distributors. Many of these buyers depend on credit terms to manage their cash flow, especially in systems where reimbursements are… Continue reading Credit Limits in the Healthcare Supply Chain: Protecting Cash Flow Without Disrupting Care
Unapplied Cash: Why It Matters and How to Handle It
Behind the numbers and spreadsheets of everyday business, unapplied cash is a quiet disruptor that often goes unnoticed until it starts creating real problems. It’s not as visible as unpaid invoices or as flashy as revenue milestones, but it’s an area that deserves attention. Understanding unapplied cash and taking steps to reduce or clear it… Continue reading Unapplied Cash: Why It Matters and How to Handle It
Understanding Invoices, Billing, and Payment Terms: A Simple Guide to Getting Paid Right
If you’ve ever sold a product or service, you already know how important it is to get paid on time. But when money is involved, there’s more than just sending a bill and hoping it gets paid. Behind every successful business transaction, there’s a system that keeps things organized, clear, and traceable. This system lives… Continue reading Understanding Invoices, Billing, and Payment Terms: A Simple Guide to Getting Paid Right
