Editor’s note: This is the first article in a six-part series. The second part, which covers firm strategy, is also in this issue. “Change always comes to us from the outside in, forcing us to react, ...

Once your business model is validated, scaling becomes the next significant challenge. Scaling involves expanding your business sustainably while maintaining or improving profit margins. The ...

"Mr. Beaver, my husband, 'Leroy,' is a high school history teacher and just inherited $50,000. He wants to use it to open a business but does not know what kind of business. "I grew up in a family ...