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Business Basics

A complete resource for starting, managing, and growing your business. Discover everything you need to know at business.com.

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Latest: Advice, Tips and Resources

Article
The Pros and Cons of Virtual Offices
By Jennifer Post | April 04, 2024

Virtual offices haven’t lost their popularity but do they have more cons than pros at this point? Here is what you need to consider.

Article
How Does a Workers’ Comp Settlement Work?
By Kimberlee Leonard | April 04, 2024

A workers' compensation settlement covers several costs incurred when an employee is injured. Learn about the workers' compensation settlement process.

marijuana leaves
Article
How to Successfully Launch a Legal Cannabis Business
By Adam Uzialko | April 04, 2024

Cannabis is a big business. Here is a startup guide for how you can enter this industry legally.

Article
A Crash Course in the Business Legal Terms You Need to Know
By Mark Fairlie | April 04, 2024

From comparable worth to torts, here's the legal lingo all business owners should know.

Article
What Is Subrogation in Insurance?
By Mark Fairlie | April 04, 2024

Subrogation lets an insurance company recover money for insurance claims from a third party. Learn how subrogation works in various insurance types.

Article
Can You Keep a Secret? The Importance of Nondisclosure Agreements
By Kimberlee Leonard | April 04, 2024

Nondisclosure agreements (NDAs) help businesses to protect critical confidential information. Learn how NDAs work, what to consider and what to include.

Article
Pros and Cons of Monitoring Your Employees
By Simone Johnson | April 04, 2024

Employee monitoring can help improve workplace productivity, but employees may feel violated or resentful. Learn the pros and cons of monitoring employees.

Article
How Do Commercial Car Insurance Deductibles Work?
By Kimberlee Leonard | April 04, 2024

Commercial car insurance deductibles work just like personal auto insurance deductibles. Learn about collision and comprehensive claims deductibles.

Article
Small Business Guide to Energy Conservation
By Jennifer Dublino | April 04, 2024

Conserving energy can help your business save money, reduce its carbon footprint and help the environment. Learn how your business can save energy.

Article
Resources for Veteran-Owned Businesses
By Jennifer Dublino | April 04, 2024

Military veterans seeking to transition to entrepreneurial ventures have a wealth of resources at their disposal. Learn how to access resources for vets.

Article
4 Simple Steps to Valuing Your Small Business
By Russell Smith | April 03, 2024

Calculating your business's value accurately is crucial if you want to sell it or seek investors. Learn four steps for calculating your business valuation.

tropical island
Article
3 Famous Restaurants and Bars That Weren’t Supposed to Be
By Ali Saleh | April 03, 2024

An unexpected origin story adds character.

Article
Turn Your Genealogy Hobby Into a Side Business
By Chad Brooks | April 02, 2024

Have you ever considered starting a genealogy business? This guide will walk you through the steps of starting a home-based genealogy business.

Article
How to Handle a Business Lawsuit
By Mark Fairlie | April 02, 2024

Business owners are vulnerable to lawsuits. Learn common lawsuit types, as well as how to handle a lawsuit, deal with insurance, and protect your company.

Article
What Is Fiduciary Liability Insurance?
By Kimberlee Leonard | April 01, 2024

Fiduciary liability insurance protects a business from claims that a benefits plan was mismanaged. Learn what fiduciary liability insurance covers.

Article
Take Your Restaurant to the Next Level: 13 Tips for Busy Owners
By Mark Fairlie | April 01, 2024

Opening your restaurant is only the first step. Embrace these strategies to keep your food establishment thriving.

Article
Crystal Knows All: You’re Being Profiled
By Mark Fairlie | April 01, 2024

Crystal claims it can give you accurate personality insights on customers, prospects, candidates and co-workers to help you sell more and manage better.

open plan workspace
Article
What is a Holacracy? The Holacratic Workplace
By Genia Stevens | March 22, 2024

In a holacratic workplace, there's no traditional leadership hierarchy; team members assume multiple roles. Learn if holacracy is right for your business.

Article
8 Tips to Manage Your Time as a Small Business Owner
By Jennifer Dublino | March 18, 2024

Small business owners are constantly pulled in different directions. Follow these time-management tips to maximize your effectiveness.

Article
10 Scams That Prey on Small Businesses
By Jennifer Dublino | March 15, 2024

Scammers often target small and midsize businesses. Beware of these 10 business-related scams, and learn how to avoid cybercriminals and hackers.

Article
14 Ways to Save Money on Business Insurance
By Kimberlee Leonard | March 15, 2024

You shouldn't cut corners when it comes to business insurance. Here are ways to reduce your insurance premiums without sacrificing coverage.

Article
What Is Intellectual Property Insurance?
By Kimberlee Leonard | March 14, 2024

Your business needs intellectual property insurance if you hold patents or trademarks. Learn what intellectual property insurance covers.

Article
7 Reasons Every Entrepreneur Needs a Branded Email Address
By Sean Peek | March 14, 2024

Don't use personal or generic email addresses for your startup. Learn why you need a branded email address for your business communications.

Article
What Is Commercial Liability Auto Insurance?
By Kimberlee Leonard | March 06, 2024

Commercial liability auto insurance covers the same types of liabilities as personal auto insurance, but the policy is for commercial vehicles.

Article
Should Your Restaurant Be on Grubhub?
By Sean Peek | March 05, 2024

Learn how much Grubhub really costs restaurants and what it brings to the table.

Article
Claims-Made vs Occurrence: What’s the Difference?
By Kimberlee Leonard | March 05, 2024

When insuring a business, you'll find two coverage types: claims-made and occurrence. Learn the differences to choose the right business coverage.

mentor consulting an intern
Article
What Is Risk in Business Insurance?
By Mark Fairlie | February 22, 2024

Insurance risk is the probability of an adverse event that causes an insurance claim. Learn how business insurance risk is assessed and how to lower it.

Article
Understanding Data Breach vs. Cyber Liability Insurance
By Kimberlee Leonard | February 22, 2024

Cyber and data breach insurance cover data breach costs, but cyber adds more protection. Learn how to choose the right insurance for your business.

Article
What Is Coinsurance in Business?
By Nicole Urbanowicz | February 21, 2024

Coinsurance for small businesses helps cover property and business assets, so the insurer knows there's adequate coverage. Here's how it works.

Article
What Is a Surety Bond?
By Mark Fairlie | February 20, 2024

Surety bonds act as a legally enforceable guarantee that help small business owners secure third-party contracts. Learn how they work.