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Business Basics

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Latest: Advice, Tips and Resources

Article
Do You Need Product Liability Insurance?
By David Gargaro | November 07, 2023

Product liability insurance is needed for businesses that make, sell or distribute products. Learn about what it covers and how much it costs.

Article
What Is a Loss Payee on an Insurance Claim?
By Nicole Urbanowicz | November 07, 2023

The loss payee has the first-in-line legal rights to an insurance claim payout. Here's what you need to know.

Article
What Is a Hold Harmless Agreement?
By Kimberlee Leonard | November 07, 2023

A hold harmless agreement releases a party from the consequences of another's actions. Learn how and when to use a hold harmless agreement in business.

mentor consulting an intern
Article
What Is Excess Liability Insurance?
By Kimberlee Leonard | November 07, 2023

Excess liability insurance is extra coverage that kicks in once an underlying policy hits its limits. Learn how it works and what it covers.

Article
What Is Errors and Omissions Insurance?
By David Gargaro | November 07, 2023

Errors and omissions insurance guards your business against lawsuits brought by dissatisfied customers.

Article
What Is Directors and Officers (D&O) Insurance?
By Kimberlee Leonard | November 07, 2023

If a lawsuit targets a firm's directors and officers, directors and officers insurance protects their personal assets. Learn how D&O insurance works.

Article
What Is Cyber Insurance?
By Sean Peek | November 07, 2023

Cyber insurance can help companies notify customers about data breaches involving their personal information and can protect from cyberattack damages.

Article
What Is Commercial Property Insurance?
By Kimberlee Leonard | November 07, 2023

Commercial property insurance covers the building and items that you own or lease against such perils as fire, explosions, theft, and vandalism.

Article
What Does Commercial Auto Insurance Cover?
By Nicole Urbanowicz | November 07, 2023

Commercial auto insurance is critical for businesses that operate vehicles and have employees driving for work purposes. Here is what you need to know.

Article
Builder’s Risk Insurance: Not Just for Builders
By Nicole Urbanowicz | November 07, 2023

If a property is at risk for loss or damage during construction, consider builder's risk insurance. Learn what builder's risk covers and who needs it.

Article
Write Your Way to a Win: Business Proposal 101
By Jennifer Dublino | November 07, 2023

In some industries, writing business proposals is a crucial way to win new clients. Learn how to write a successful business proposal..

Article
5 Restaurant Employee Scams That Will Cost Your Business Big
By Mona Bushnell | November 07, 2023

Learn how five top restaurant employee-theft scams work. We'll show you how to stop losing money to employee theft and retake control of your restaurant.

Article
How to Learn From Your Failures: 4 Valuable Lessons
By Thomas Griffin | November 07, 2023

Failure is inevitable as an entrepreneur, so it’s important to develop a healthy attitude about it. Here are four lessons you can learn from failing.

Co-working space
Article
Stress and Productivity: What the Numbers Say
By Sean Peek | November 07, 2023

Whether it is related to family, health, work or school, everyone experiences stress at some time. Here is how to manage it better.

Article
From Mall Madness to Sadness: Why Shopping Centers May Soon Be Obsolete
By Jamie Johnson | November 06, 2023

Find out how to keep your mall-based business alive and how to embrace e-commerce as shopping centers decline.

Article
What Is Dynamic Pricing, and How Does It Affect E-commerce?
By Jennifer Dublino | November 06, 2023

In dynamic pricing, product prices adjust in response to real-time supply and demand. Learn how dynamic pricing works and its benefits and downsides.

Article
The UN’s Sustainable Development Goals for Small Businesses
By Jennifer Dublino | November 06, 2023

Learn about the U.N.'s sustainable development goals, including ending poverty and hunger and how small businesses can work toward achieving them.

Article
Trademark Basics: How to Submit a Trademark
By Max Freedman | November 06, 2023

Submitting a trademark is a way to protect your intellectual property. Learn how to submit a trademark properly, how it differs from a copyright, and more.

Article
Time to Expand? Tips for Opening Another Location
By Max Freedman | November 06, 2023

Learn how to know when it's time to expand your business, and find out what you should do to begin the process.

Article
The Game of Pricing: How the Number 9 Affects Purchase Behavior
By Jennifer Dublino | November 06, 2023

Charm prices end in the number nine. Learn about charm vs. prestige pricing and how your ideal customer should dictate your pricing strategy.

Article
Why You Need a SWOT Analysis for Your Business
By Kiely Kuligowski | November 06, 2023

SWOT ― which stands for “strengths, weaknesses, opportunities and threats” ― is a type of analysis that helps you develop your business strategy.

Article
Better Together: Making Magic Between Big Companies and Startups
By Alex Goryachev | November 06, 2023

Startups and enterprises can complement each other by collaborating. Learn how large and small players can overcome issues and work together.

Business owner working on a laptop
Article
Starting a Business From Home: The Ultimate Checklist
By Julie Thompson | November 06, 2023

Starting a business requires an organized approach to administrative, legal and practical tasks. Follow this checklist to start a business from home.

person ordering at a coffee shop
Article
Drip, Drip, Drip: Lessons From the Starbucks Union Movement
By Sean Peek | November 06, 2023

Here's what business owners can learn from the growth of the unionization effort among Starbucks workers.

Businesswoman walking through an airport
Article
International Business Etiquette From Around the World
By Sean Peek | November 06, 2023

Business has gone increasingly global throughout the past several decades. Understanding international business etiquette is key to your worldwide success.

Article
7 Ways to Build a Successful Construction Business
By Jennifer Dublino | November 06, 2023

Reputation is crucial to a construction business because the stakes are high. Learn how to build a successful construction company with the right tools.

Article
How to Run a Successful One-Person Business
By Bennett Conlin | November 06, 2023

You can create a successful, long-lasting one-person business, but you must overcome obstacles alone. Learn how to help your one-person business succeed.

Article
Retail or E-tail? Buying Online vs. Buying in Person
By Jennifer Dublino | November 06, 2023

Online and in-person sales each have advantages and disadvantages. Learn how to recognize their values and maximize both strategies to meet customer needs.

Article
 Resources for Business Owners With Disabilities
By Julie Thompson | November 06, 2023

Learn about all the government programs and other initiatives available for business owners with disabilities.

Article
5 Ways to Reduce Your Business’s Carbon Footprint
By Michael Wood | November 06, 2023

Find out what a carbon footprint is, how to reduce your company's environmental impact and why it matters.