You don't want to start a business without a business plan. In fact, you probably won't get very far when it comes to getting a bank loan or investors at all unless you know how to craft a solid plan.
When two companies merge, everybody gets nervous. That goes double (maybe even triple) for the employees of those companies because they are the ones who are often most directly affected by the changes, least prepared to make adjustments and most out-of-the-loop about what's actually happening.
What do you do when you suspect that one of your employees is reaching for "liquid courage" throughout the day at work?
In a nation where the "gig economy" has become the norm, independent contractors are all over -- and smart businesses are taking advantage of all the wonderful talent out there.
If you own a medical marijuana dispensary in Michigan that hasn't yet been licensed by the state, you have a tough choice you have to make: Close up shop until you can get through the process or give up on the chance to have a license forever.
The Michigan Department of Civil Rights has sent a clear message to business owners: Sexual orientation and gender identity are protected against discrimination in the workforce.
When you start a business, you have a lot of choices you have to make -- including what kind of legal structure you ultimately want to use for your company.
If you're an entrepreneur, you may love being in charge of your own business and your own projects. However, there may come a time when you simply can't reach a goal without a little help.
In business, it pays to be tough -- and sometimes that also means being tough on yourself. When business lawsuits erupt, you have to keep your focus on the day-to-day demands of your business if you want your business to survive.
A business partnership, somewhat like a marriage, can start out with some lofty goals and high expectations. Then reality kicks in, and you find out that your partner isn't as great as you thought.