Have you ever been facing to a situation that your business partner is coming from a totally different country? Where the rules and habits are „upside down” and the culture both business and general way looks ununderstandable? Have you ever been waiting for someone for an hour or more and after his arrival he did
In Hungarian: ÁFA. In English: VAT. In French: TVA. In Russian: НДС. All of them cover the tax called Value Added Tax which is a form of consumption taxes. Also known as General Sales Tax (GST). What else do we know about VAT in Hungary?
The next notion of Business Definition Series is management. (And I promise the following will not be Hungary.) Management is something what seems to be easy to definy but there are plenty of fields where we use it. Just like business-, project-, knowledge-, talent- or time management. But leaving the strictly business field for a second, we can meet life-, healthcare-, stress- or self-management.
When people talk about business, companies, types of taxes or legal questions, I realize that sometimes they don’t know the exact meaning of each definitions. Or they mix up notions making difficult the life of their CPA or getting false information from the lawyer. In order to help seeing clear Business Management Hungary starts a series about the most commonly used definitions in short posts. Please welcome: Business Definition Series! … And in the end: surprise!
A few month ago a Russian immovable investor called me in order to give him accounting advice. It took a few minutes to explain him that I am not a bookkeeper. (This was also the point when I decided to revise the Russian version of Business Management Hungary.) But of course, I could help him.
Entrepreneurship. A notion which may have become overvalued, mystical and on first glance seems to be impossible to reach. A motion, which most of the people, especially young people think will solve their life. And a notion, what is a kind of fundamental for our daily life wether we mean the employment aspect or as part of the whole economy. But is it really as hard as it seems?
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Are you kidding me? I am going to explain now why and on which points of business life a firm like Business Management Hungary’s whole activity gets legitimate. Have you seen the Silicon Valley tv series? And the movie Pulp Fiction? And do you have any idea what is the connection between them? Listen carefully.
Doing business in Hungary looks to be a mistery for many entrepreneurs. Some of them – I hope that they are the minority! – doesn’t even know if Hungary is in Europe, in the Balkans or in the Middle-East. And we know, that many of them including even politicians, celebrities, etc. mix up the capital,