Business

A business credit score is similar to a personal credit score because it helps lenders and other stakeholders assess the risk involved in offering credit to a company. Investors and lenders can calculate creditworthiness using Dun & Bradstreet (D&B) facts, Experian's Intelliscore and Equifax's Payment Index score. 

A combination of the reports can provide a clearer picture of whether a business will repay a loan promptly. Your score can impact the amount of credit, interest rates, and whether a loan or line of credit gets approved. Investors may shy away from companies with poor ratings, fearing they will fail and take their money without any return.

The gig economy has grown exponentially in recent years, revolutionizing how companies approach staffing and workforce management. Characterized by freelance and short-term contracts, this dynamic workforce model offers flexibility, cost-efficiency and access to specialized skills.

Understanding how to harness the gig economy can give businesses a competitive edge. Here are 10 strategies for effectively integrating gig workers into their operations.

Most traditional marketing advice centers around business-to-consumer (B2C) interactions. Brands that inadvertently apply these recommendations to business-to-business (B2B) sales may not get the engagement or return on investment they are hoping for. Although B2B and B2C strategies have several similarities, they are fundamentally different.

This fact is especially true as of late. Digitalization has recently begun influencing the fundamentals of B2B and B2C marketing methods. What worked well a few years ago may no longer be effective today. How should small and medium-sized business (SMB) owners and marketing professionals modify their strategies?

Modern businesses cannot survive for long when relying on a single sales channel. In today’s hyper-competitive environment, organizations must coordinate their efforts across in-person, e-commerce and social media platforms to stay afloat. However, doing so effectively can be challenging.

Many managers use key performance indicators (KPI) to measure workplace success. These tangible metrics offer a straightforward way to track progress and achieve goals. 

While KPIs provide valuable information, they often keep employees from feeling motivated to perform at their best. Workers must feel excited about their roles, so they care deeply about their contributions. Instead of focusing solely on the numbers, organizational leaders drive more meaning by leveraging several actionable strategies.

Artificial intelligence (AI) is reshaping industries at a remarkable pace, and 2025 promises even greater transformations for businesses leveraging this technology. With predictions highlighting significant advancements, organizations must stay ahead to harness AI's potential effectively. 

Explore key AI trends for 2025 and actionable strategies that will help businesses thrive in this ever-evolving technology landscape.

1. Generative AI Driving Creativity and Innovation

Generative AI tools are expected to evolve beyond content creation to enable design, product development and marketing innovation. 

A business relationship can help you reach your goals faster, combining strengths, ideas and resources in ways you couldn’t achieve alone. But not every alliance is meant to last forever. Sometimes, the best thing for you and your company is to step back and reevaluate if the partnership still aligns with your vision.

When partnerships become more of a burden than a benefit, ending them can create opportunities for growth, clarity and a fresh start for everyone involved. Recognizing when to make this tough decision is crucial to protecting your organization and its future.

Terminating a business can be a difficult decision, especially if it is a long-standing part of your life. However, maintaining an inactive one can cause financial hardship or legal risk over time. Regardless of the reason behind your decision, closing an inactive company can be a necessary step for moving forward with your life.

Should You Close Your Inactive Business?

Shutting a firm down is never an easy choice, but there are valid reasons some owners decide it is the best path forward.

Small-business owners and freelancers are often one-person operations or have limited staff. They may rely on a single big client for most of their revenue. Unfortunately, even long-term relationships can change on a dime, and you might lose your biggest customer.

In forums across the internet, entrepreneurs lament a sudden loss of their income. Their longtime client hires a new manager and they cut ties, someone goes out of business, a customer dies or they outsource to another country or even move operations in-house. 

Things may seem bleak, but there are ways to recover and thrive after losing your biggest customer.

With the rapid advancement of digital transformation and innovation, IT departments face growing demands to support more complex infrastructures, enhance cybersecurity and keep operations running smoothly. As businesses increasingly adopt technologies like cloud computing, artificial intelligence and data analytics, IT teams can do more than maintain systems — they need to drive efficiency and innovation.