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.

Receiving a letter from the Internal Revenue Service informing you that your business is being audited is enough to stop you cold. But if you have taken the proper steps to prepare and work with your auditor to the best of your abilities, you shouldn’t have anything to sweat about.

You’ve had a dream of going into business for yourself, and now you have the can’t-miss product or service that can turn possibility into reality. When you’re looking to get a business venture going, you’ll need startup capital. That’s where business loans can come in handy.