Lately, I’ve found myself thinking a lot about how prices have changed. It’s not just in my head — everything really is more expensive than it used to be. Inflation is a word we hear all the time, but for many people it sounds like something distant or abstract. In reality, though, it’s one of… Continue reading How Inflation Impacts Everyday Life in Germany
Tag: financial planning
Unsettling Times: A Wave of Bankruptcies in Germany
Something feels different walking through the streets of many German towns and cities today. Familiar stores are gone. Once-busy clinics have locked their doors. Midsize companies, even some well-known names, have suddenly disappeared. In a country known for stability, it’s unsettling. More and more businesses—from fashion chains to auto suppliers, bakeries to hospitals—are declaring bankruptcy… Continue reading Unsettling Times: A Wave of Bankruptcies in Germany
What Is a Bad Debt Reserve and Why It’s Important for Businesses
In the world of business, not every sale turns into cash. As much as we’d like to believe that every customer will pay on time, or at all, reality often proves otherwise. This is where the concept of the bad debt reserve comes into play. It’s a critical accounting practice that many companies use, but… Continue reading What Is a Bad Debt Reserve and Why It’s Important for Businesses
Understanding Cash Flow: What It Means and How It Affects Everyone in Business
Cash flow might sound like a technical finance term reserved for accountants and analysts, but in truth, it’s something every business owner, manager, or supplier experiences every day. Whether you run a neighborhood bakery, a mid-sized construction company, or a multinational corporation, cash flow plays a huge role in how your business survives and grows.… Continue reading Understanding Cash Flow: What It Means and How It Affects Everyone in Business
Prevention is Better Than Cure: A Lesson for Life
We often hear the phrase “prevention is better than cure” when talking about health. It is a simple idea that avoiding illness is easier, cheaper, and less painful than treating it after it arrives. But this wisdom does not belong only to the world of medicine. It extends to nearly every aspect of life. Whether… Continue reading Prevention is Better Than Cure: A Lesson for Life
The SMART Model: A Simple Formula for Achieving Goals
Setting goals is essential for success, but not all goals are effective. Some are too vague, others lack direction, and many are difficult to measure. This is where the SMART model comes in. It provides a clear structure for goal-setting, making it easier to track progress and stay motivated. SMART stands for Specific, Measurable, Achievable,… Continue reading The SMART Model: A Simple Formula for Achieving Goals
Understanding Average Days Delinquent (ADD): A Key to Healthier Receivables
Every business that sends out invoices wants to get paid on time. But in reality, customers don’t always stick to the due dates. Some pay late by a few days, others by weeks, and in some cases, even months. To keep track of how far past the due date your payments are arriving, there’s a… Continue reading Understanding Average Days Delinquent (ADD): A Key to Healthier Receivables
