Sampson Quain

Small businesses can take advantage of globalization by understanding the main benefits and challenges of this continuing trend.

Understanding the four main categories of expenditures can help business owners adjust their marketing and sales goals.

Some of the most important Key Performance Indicators for insurance companies include cost per claim, time to settle a claim, and the number of claims compared to the number of earned premiums.

Pressure groups and stakeholders can influence your business, but their goals are different, and only one group has a vested interest your company's success.

Vision statements are crafted to inspire your employees and help them understand their role and purpose. A well-written vision statement can emphasize quality, solve problems, set goals and issue challenges.

Formal and informal work are defined by differences in salaries, contracts, job skills, stability, and tax responsibilities.

Nonprofit fundraising isn't just about raising money, it's also about raising brand awareness, meeting operating costs, and funding an endowment.

Business owners that have patents must amortize the costs of that patent over a specific period of time, which requires them to determine how long the patent will remain profitable.

When business owners choose to diversify, they can either add related products or services, which is concentric diversity, or operate companies that have no relationship to each other, which is conglomerate diversity.