As a solopreneur, you expose yourself to a wide variety of risks, from environmental to digital. Fortunately, you have access to a wide range of business insurance types, including cyber insurance, to protect yourself and your business against these unforeseen dangers.
When you’re starting a small business—or running a growing one—there are so many expenses competing for your limited dollars that it’s easy to ignore business insurance. Spending money to protect against possible risks in the far-off future seems like a waste of your precious capital.
Congress recently passed the “Tax Cuts and Jobs Act” which impacts both individuals and businesses. Learn what are the two important changes in 2018 that will affect every business owner in the United States.
You’re not alone if you inherited the family business with no formal succession plan in place. About 64 percent of family companies don’t have a written succession plan, while another 19 percent have one “in progress.” Use these tips to find your footing after you’ve suddenly inherited the family business.
Small business owners heading into 2018 have a lot to be happy about — but they've also got some major concerns about the continued success of their businesses, including taxes, cash flow, and technology.
Contracts form the lifeblood of any enterprise, and they’re often a company’s single greatest economic asset. Yet, according to the International Association for Contract & Commercial Management (IACCM), poor contract management is costing companies an average of 9 percent of their annual revenues.
If your business is an activity that many people enjoy as a hobby – for example, making jewelry, painting oil portraits or playing in a cover band — and isn't consistently profitable, there can be a fine line between "hobby" and "business."