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Business Planning

Our business planning hub has all of the essential tools, strategies and insights needed to build and maintain a successful small business — 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 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
8 Tips to Become a Better Business Storyteller
By Jennifer Post | January 24, 2024

Your customers seek entertainment and telling them a good story can create deeper connections, boost sales and drive company growth.

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
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.

Article
From Collections to Repossession: A Timeline of Debt
By Kiely Kuligowski | January 18, 2024

Debt collection is the process of obtaining payment on a past-due account. Here's what to expect if you run into financial trouble.

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
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
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
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
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
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.

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.

Alice Everdeen
Article
From Content Manager to Stay-at-Home Voiceover Actor
By Dan Ketchum | January 03, 2024

Forget a 9-to-5 in a traditional office. Former content manager Alice Everdeen shares how an old school bus became her new place of work – and her home.

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
5 Steps to Remove a Shareholder
By Stella Morrison | January 03, 2024

Although removing a majority shareholder can be difficult, it is possible. Here are the steps to make the process a smooth one.

Article
How to Charge Interest and Late Fees on Unpaid Invoices
By Jennifer Dublino | December 21, 2023

When clients don't pay invoices, your business's cash flow is affected. Learn how and when to charge interest and late fees on invoices to recoup funds.

Article
7 Things to Consider Before Starting a Restaurant
By Max Freedman | December 19, 2023

Before you launch your restaurant business, learn about important considerations, such as location, marketing and software.

Kid at a restaurant
Article
New Jersey Restaurant Bans Kids and Gets 40,000 Likes
By Antonio Ferme | December 18, 2023

The business case for peace and quiet.

Article
What Is Malpractice Insurance?
By Jennifer Dublino | November 27, 2023

Malpractice insurance can protect your business. Learn about malpractice insurance, who needs it, what types exist, how much it costs and how to get it.

Ninja turtles
Article
Why the Ninja Turtles Are a Perfect Team to Emulate in Business
By Antonio Ferme | November 16, 2023

How to form a TMNT C-Suite.

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
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.

businesswoman using a smartphone
Article
Best Business Newsletters of 2025
By Mike Berner | November 02, 2023

Here is our list of recommended publications that every small business owner and entrepreneur should read.

Article
Everything to Know About Business Checking Account Fees
By Donna Fuscaldo | November 01, 2023

Here's a look at the business checking account fees you could face and how to avoid them.

Article
How to Build Business Momentum With Limited Resources
By Chris Porteous | November 01, 2023

Building business momentum usually requires financial resources. Learn strategies to build business momentum with few resources and how to avoid mistakes.

Champagne toast in an office
Article
Drunk on Money? Why Alcohol Is the Celebrity Investment Du Jour
By Nicole Fallon | October 06, 2023

More celebrities are investing in alcohol brands than ever before. Here's why – and what you can learn.