Renovating your office space is a smart business move. Not only is it prudent to stay on top of any repairs that need to be done, a revamp can change how employees and clients perceive your business.

There is no magic number to serve as the amount a small business should spend on marketing and advertising. How much you should allocate to such endeavors depends on your goals, your projected ...

Who doesn't love the smell of fresh bread? Is there a better diet-busting indulgence? Probably not. The bakery industry is a huge business that caters to people's weaknesses for tasty breads ...

The all-American hot dog can be the foundation of a thriving small business for a hungry entrepreneur. Hot dogs are always in demand in our grab-and-go culture. Americans spent more than $3 ...

In economics, macroeconomics encompasses societal perspective on resource allocation. Microeconomics involves factors of resources availability and usage that impact individuals and businesses.

In an increasingly globally connected world, cultural differences, and our responses to them, can sometimes create barriers to doing business. As a small business owner, it is up to you to lead ...

Profitability in business is a matter of survival: If your business doesn't stay profitable, you don't stay in business. The simple definition of profitability is that your revenue is more than ...

As a business owner or operations manager responsible for production, understanding the supply chain is essential to the success of your business. Any obstacle or impediment to the smooth flow of ...

Gross profit margin is the percentage of revenue you retain after accounting for costs of goods sold. The figure is common and much needed as a basic means of measuring your business profit.

Entrepreneurs often begin with innovative ideas, but succeeding in a new business also requires objective assessment procedures. If your gut tells you a product, service or existing business is a ...

As small businesses expand, owners often hire employees to take over various day-to-day tasks such as production, accounting, customer service and sales. Some businesses pay workers a flat wage or ...

An S corporation is a pass-through business. That means that this kind of company pays no taxes. Instead, the firm's owners, generally called shareholders, pay all taxes, as well as penalties.