A new competitor just opened down the street, and you’re watching your sales start to slip. It’s an unsettling feeling, but panic is exactly the wrong response—new competition can actually be a sign of opportunity, not doom. Here are three practical steps to take stock of the situation and protect the customer base you’ve already built.

Dave Ramsey once said the only ship that won’t sail is a partnership—and when yours suddenly ends, panic is the last thing you can afford. Whether the departure was abrupt or long expected, how you respond in the first few days will determine whether your business stays afloat. Here are the steps to take right away to keep things running smoothly.

Far more business partnerships fail than succeed, and it’s not always because of an obvious blowup. Sometimes the warning signs are so subtle, most partners miss them entirely until it’s too late to save the relationship. Here are three quiet but serious red flags that suggest your partnership may already be in jeopardy.

“Buyers are liars,” as the old real estate saying goes—and it applies to just about any business dealing with new clients. A single dishonest customer can cost you more than money; it can damage your reputation and your peace of mind. Fortunately, there are some telltale signs that can help you spot a liar before they cause real trouble.

With so much economic uncertainty in the air, now is the time to get serious about protecting your business before the damage becomes long-term. It starts with a hard look at your expenses—not just the obvious ones, but everything. Here are five practical ways to tighten up your operations and come out the other side of a downturn intact.

Every business owner knows that restaurant moment—the free bread-sticks that suddenly aren’t free anymore. Eventually, most companies face a similar decision about something they’ve long given away at no cost. Here’s how to know when it’s the right time to start charging, without alienating the customers who’ve come to expect it for free.

Thinking about expanding your business in the year ahead? The question feels complicated, but it really comes down to just a handful of key factors. Before you commit to more output, more sales, and a whole new level of responsibility, here’s how to know if your company is truly ready to grow.

Handing out holiday bonuses feels like a generous, easy win for employee morale—but it isn’t always as simple as it looks. From unrealistic expectations to unexpected tax implications, bonuses come with real trade-offs small business owners should consider. Here’s a look at the biggest pros and cons before you decide what to give this year.

Everyone loves the idea of a slick app with the business name on it. But before you sink money into development, there are some hard numbers you need to see — starting with just how many apps actually turn a profit. Building an app can be a powerful move for your business, or an expensive mistake. Here’s how to tell which one you’re about to make.

Samsung shipped demo units of its $2,000 foldable phone to top reviewers, and within 48 hours, many of them were broken. It’s an embarrassing story about a tech giant, but the real lesson has nothing to do with hinges or screens. Rushing a product to market can cost you far more than a bad headline — here’s what every business owner should take from the Fold fiasco.