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 ...

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 ...

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 ...

Small business owners have a variety of options when establishing a legal structure. One option is to structure it as a corporation. Although there are several reasons why incorporating can be ...

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 ...

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 ...

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 ...

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 ...

Google Alerts is an excellent tool if you need a steady stream of custom, curated content relevant to your industry or business needs. However, many users aren’t fans of the tool’s design and ...

A federal employer identification number (FEIN), also known as a tax identification number (TIN), is issued to entities that do business in the United States. The FEIN is a unique nine-digit corporate ...

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 ...

Adam Uzialko, senior editor of Business News Daily, is not just a professional writer and editor — he’s also an entrepreneur who knows firsthand what it’s like building a business from scratch. His ...