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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
How to Start a Clothing Store
By Dave Thomas | February 14, 2024

Clothing stores are popular businesses that appeal to varied niche audiences. Learn how to start a clothing store online or in a brick-and-mortar building.

Article
Specialty Insurance Basics
By Mark Fairlie | February 14, 2024

A business needs specialty insurance for items not covered by ordinary homeowners or automobile insurance. Learn if your company needs more insurance.

Article
What Is Tail Insurance in Business?
By Kimberlee Leonard | February 09, 2024

Tail insurance is a policy endorsement that lets you file a claim after a policy's term ends. Learn how tail coverage can protect your business.

Article
What Is an Insurance Rider in Business?
By Kimberlee Leonard | February 09, 2024

While standard business insurance policies protect your business, when extra coverage is needed, you'll obtain a rider. Learn how riders work.

Article
Everything You Need to Know About 7702 Plans
By Max Freedman | February 08, 2024

A 7702 plan, also called a Section 7702 plan, is a privately issued stand-alone life insurance policy. Learn how it differs from typical retirement plans.

Article
Entrepreneurs Love These 13 Tools for Conducting Market Research
By Miranda Fraraccio | February 02, 2024

Here are the best tools for conducting market research.

Article
How Businesses Can Support Other Local Small Businesses
By Jennifer Post | January 30, 2024

You've asked your customers to buy local and you should too. Here's why your local B2B purchases have a positive ripple effect on the SMB community.

Article
Why Every Business Owner Needs an Exit Strategy
By Mark Fairlie | January 29, 2024

You don’t go into business planning to get out — but you should. Find out why an exit strategy is important and why you need two strategies.

Article
6 Key Strategies for Growing Your Construction Firm
By Jennifer Post | January 26, 2024

The future of construction looks good, especially for those in home, commercial or infrastructure. Here are six tips for success within the industry.

Article
What Is Professional Negligence?
By Kimberlee Leonard | January 23, 2024

Professional negligence is when an industry professional doesn't properly fulfill their duties, leading to damage or harm. Learn how to avoid lawsuits.

Article
What Is a Cyber Insurance Risk Assessment?
By Kimberlee Leonard | January 23, 2024

A cyber insurance risk assessment finds the systems and assets most at risk of cyberattack. Learn about cyber insurance and how risk assessments work.

Article
20 Businesses You Can Start on the Cheap
By Donna Fuscaldo | January 22, 2024

You don't need a ton of cash to launch a business. Opportunities abound to become a business owner with less than $500. See business ideas and pro tips.

Article
Why Your Business Needs Indemnity Insurance
By Mark Fairlie | January 22, 2024

A key component of an insurance policy is restitution for those who have a claim against you. Here’s how indemnity insurance provides that.

hand using a calculator and notebook
Article
What’s a Healthy Level of Business Debt?
By Matt D’Angelo | January 18, 2024

Healthy business debt is often necessary for growth. Learn how to distinguish good and bad business debt and determine a healthy debt amount to carry.

Article
What Are Insurance Endorsements?
By Nicole Urbanowicz | January 11, 2024

Insurance endorsements are a way to broaden or narrow coverage on an existing insurance policy. Here's how insurance endorsements work for your business.

Article
Do Results-Only Workplaces Really Work?
By Sean Peek | January 11, 2024

Here’s everything you need to know about results-only work environments, and whether it’s right for your business.

Article
What a Bill of Materials Is and Why You Need One
By Sean Peek | January 11, 2024

Whether you are making a toy or a rocket, a BOM helps you accurately manage and oversee resources and identify materials to reduce wasteful spending.

Article
Is it Better to Buy or Lease a Car for Business?
By Max Freedman | January 11, 2024

Should you buy or lease the company car? Here are the pros and cons of each to help you weigh which is best for your needs.

Article
What Is General Liability Insurance?
By David Gargaro | January 11, 2024

If a third party gets hurt at your workplace, they can sue you. Here's how to protect your company.

Article
Employment Practices Liability Insurance: Why Small Businesses Need EPLI
By Jamie Johnson | January 11, 2024

Employment practices liability insurance protects your business from past or current employee lawsuits. Here’s how EPLI works.

Article
Guide to the Workers’ Compensation Claim Process
By Max Freedman | January 09, 2024

Business owners should ensure their employees understand the workers' compensation claims process. Learn what's entailed and how the claims process works.

Article
12 Things You Must Do Before Starting a Business
By Sean Peek | January 04, 2024

Find out what you must do before starting a business, from writing a business plan to getting the proper insurance.

Article
The Road Map to Starting a Membership Site From Scratch
By Mark Thompson | January 03, 2024

A subscription site is easy to start and can offer big rewards. Follow these steps to build a loyal member base.

Article
Insurance Deductions and Expenses for Small Businesses
By Nicole Urbanowicz | January 03, 2024

Make sure to take all the deductions possible for your business insurance expenses. Here is how to stop paying too much in taxes.

Article
10 Successful Businesses You Didn’t Know Were Run by Women
By Jennifer Dublino | January 03, 2024

Female entrepreneurs own 42 percent of American firms. Check out this list of women-led companies and some great resources for small business owners.

woman working from home on a laptop
Article
Is the U.S. Home to the World’s Most Remote Workforce?
By Elizabeth Barton | January 03, 2024

America lags behind other countries in return-to-office rates. Instead, employees are still working from home. See the data.

People standing in line outside of a Cannabis Store
Article
More Lows Than Highs: Let’s Get Blunt About Starting a Cannabis Brand
By Daniel Thomas | January 03, 2024

Learn more about some key steps you must take in order to start a successful cannabis brand.

Article
Meet the Angels: Silicon Valley’s Most Well-Known Investors
By Jennifer Dublino | January 03, 2024

Silicon Valley is home to some of the most powerful investors in the nation. Check out this list of some of the most well-known investors in the Valley.

Article
Leading With Transparency Promotes Customer Loyalty
By Austin Mac Nab | January 03, 2024

Consumers value honesty, fairness, quality and service. Build buying confidence by showing your customers how trustworthy your brand is.

Article
Creating a Strong Company Culture: How to Do It Right
By Skye Schooley | January 03, 2024

Workers thrive in cultures that encourage support, personal growth and open communication. Here are some tips to achieve that culture.