When workplace injuries occur, there’s a lot for a business owner to manage. In addition to ensuring the injured employee’s wellbeing, you’re legally obligated to report workplace incidents to the government and manage any existing safety issues. Here’s a quick guide to addressing your workers’ injuries.

Your company’s business plan is a living document that can act as a guiding light. In addition to helping you strive for concrete goals, a business plan can help employees and investors alike quickly understand what your company is all about. Despite the importance of a good business plan, it’s easy to neglect this document once you’ve gotten your enterprise up and running. Here’s a look at a few reasons to invest time into updating your business plan.

Owning your own business presents new challenges every day. Some challenges may require unique reactions, including selling off part of your business to a partner or partners. If you’ve considered selling a stake in your business, weighing the potential positives and negatives will help you make an informed choice.

You’re holding the bill as you reach for the business credit card in your wallet. Do you charge the expense to your company’s line of credit or use your personal card? This can be a tricky judgment to make — especially if you’re an entrepreneur or business owner. To help you decide, here is some advice on when you should and shouldn’t use your business credit card.

It’s no secret that your small business relies heavily on the hard work, dedication, and expertise of your workers. To attract, motivate, and retain these employees who make your company’s success possible, you’ll need to pay them well. Establishing fair salary ranges will help you accomplish this, and here are some tips to guide you through the process.

The pandemic has and continues to put significant strain on the global supply chain, making security an even greater priority. As you continue to grow your business in the years ahead, you can enact strategies that secure your supply chain and keep the momentum moving in the right direction.

Whether you’re doing your own accounting or leaving it in the hands of a professional, knowing the differences between accrual accounting and cash basis accounting is key for keeping the books in a way that benefits your business.

As an entrepreneur with a growing business, you may reach the point where it’s more profitable and efficient to outsource some of your company’s operations to a third-party vendor. Since this is a major decision that impacts multiple aspects of your company, it’s important to do your due diligence before signing any contracts. Here’s a look at a few factors to consider before you pick a third-party vendor.

Your business thrives on your ideas and the products and services they give life to. But before you turn that million-dollar idea into a million-unit seller, you need to take steps to secure your intellectual property and protect it against plagiarism.

Just like everything else in life, owning and operating a small business can be risky. Typically, your risks will fall into two different categories: financial and business. Understanding both of these risk types will help you run your business as responsibly as possible and plan ahead for any complications that might arise.