Balance sheets and income statements are important tools to help you understand the finances and prospects of your business, but the two differ in key ways. Knowing when to use each is helpful in ...

It’s become increasingly common for companies and organizations to adopt a “bring your own device” (BYOD) policy. What does this mean, and what are the advantages and drawbacks that decision-makers ...

Once your business has a team of employees, it’s best to set up an employer-sponsored retirement plan, which can help improve retention rates. Some states even require certain employers to offer 401(k ...

To sustain a healthy cash flow, most merchants need to allow customers to use credit cards. It is essential to choose a processing services provider that can take multiple forms of payment (e.g., Visa ...

Entrepreneurs and small business owners often need an efficient way to accept mobile credit and debit card payments. Using your iPhone as a mobile POS system — where your phone transmits data instead ...

Industrial-organizational (I/O) psychology focuses on individual behaviors and needs in the workplace and offers solutions to many employee concerns. While the two sides of this field study have ...

While there are plenty of reasons entrepreneurs love owning a small business, it isn't all glamorous. Weigh the pros and cons of entrepreneurship before launching your business. Starting a small ...

Business collateral is property or other assets that a business can use to secure a loan. If the business fails to repay a loan secured by collateral, the lender can seize that collateral and sell it ...

It takes money to make money, but not every entrepreneur or small business qualifies for a bank loan. If that applies to you and you need capital to launch or grow your business, you may consider ...

Registering a trademark for your company is a big step that helps you protect your brand identity from misuse or theft. Registering a trademark is a fairly straightforward process that you can ...

As a major driving force behind the emergence of online sales, Amazon is one of the most popular e-commerce sites out there. While Amazon directly sells some products to consumers, third-party sellers ...

Direct deposit is the electronic transfer of money from one bank account to another without paper checks or cash. In a small business context, direct deposit means delivering employees their wages ...