You’re not alone if you inherited the family business with no formal succession plan in place. About 64 percent of family companies don’t have a written succession plan, while another 19 percent have one “in progress.” Use these tips to find your footing after you’ve suddenly inherited the family business.
As one of the most desirable employee benefits, a retirement plan can help you attract and retain a higher caliber of employees. Read more
Small business owners are overwhelmingly optimistic: 69 percent of respondents reported feeling optimistic about the next six months for their company.
SCORE latest infographic, on part 3 of The Megaphone of Main Street Small Business Jobs Report, examines small business owner sentiments about the future. Read more
What can you do to prevent harassment from happening at your workplace?
Misclassifying workers as being exempt from overtime pay is a common mistake you can’t afford to make as an employer. Read more
If you operate your business as an LLC or corporation (depending on the state in which your company is registered), you may need to publish an annual report to keep in good standing with the state.
An explanation of franchising vs. licensing, with advantages and disadvantages of each to help entrepreneurs make wise business decisions.