Resource Category: Business

Business Bankruptcy — What Options Are Available?

Business bankruptcy is serious, but it doesn’t necessarily mean the end for your business. It does present some tough decisions and a good amount of paperwork, however, so you need to know what you're getting yourself into. Let’s take a look at a few questions you’ll want to answer before we dive into the bankruptcy code. Frequently asked questions about business bankruptcy Are you personally liable for your business debts? If you are a sole proprietor, your business is not… Read More

D-U-N-S Number — What You Need to Know

What is a DUNS number? A DUNS number is a unique nine-digit identifier for a business created by credit bureau Dun & Bradstreet. Dun & Bradstreet is one of the three most common business credit bureaus. DUNS numbers have become the standard numbering system to identify businesses across the globe. The Data Universal Numbering System—or DUNS number—was created and copyrighted in 1962 by Dun & Bradstreet. View Your DUNS Number Now *When you sign up for a free Nav account.… Read More

The Pros & Cons of Coworking Spaces

Coworking spaces are one of the hottest trends for those starting or growing a small business: Instead of working from a corner of your bedroom or renting an office, you find a shared space to hang your shingle. In the U.S., coworking spaces can be found in most major cities and some smaller ones, as well as in countries around the world. These arrangements offer the ability to rent space in a place dedicated to entrepreneurs and working professionals. In… Read More

What Is a Surety Bond?

One day, an up and coming contractor with a passion for restoration is alerted to his dream job.  A federally funded restoration of a historic landmark is up for bid, and he knows this is more than a dream, it’s a career making move.  With a background that has him well prepared and a workforce he’s confident in, he starts the bidding process only to find out that, because it’s a federal contract, he needs a surety bond if he… Read More

The Ultimate Guide to Changing Your Business Name

Changing your business name? At Nav, we changed our name three years after we launched. Although we were a relatively young company, it was still a lot of work—but well worth it. To help make the process easier for you, we’ve put together a checklist we used to help us stay organized. You can download it below and customize it to your needs. Here are some pointers to keep in mind as you start planning for your name change. We… Read More

How to Create a Small Business Marketing Plan

You've created a business plan for your small business, in which you laid out your vision, strengths, resources and goals for the future. Now it’s time to think about a marketing plan. The two documents will work together in helping you realize your small business’s potential. In fact, your marketing plan will build on the goals you've already laid out in your business plan. Creating a marketing plan doesn't have to be hard. The fact that a large and established… Read More