It is a cliché that the three most important things in the property's desirability are location, location, and location. This is not entirely true, but it does emphasize the point that the right site for a business can be the difference between a successful ongoing...
Year: 2020
Issues to consider when choosing a franchise
Buying a franchise involves certain risks. It is not as chancy as a start-up because hopefully there is name and brand recognition as well as business guidance and an established product or service. But there are still specific business issues to consider before...
Is buying a franchise a good fit?
People often dream of opening their own business. However, there are questions to ask oneself before actively shopping for a franchise, reviewing a franchisor's disclosure document, or attending a discovery day. The answers to these inward-looking questions from...
Can I terminate a franchise agreement?
Buying a franchise may have been a great business opportunity when you first signed the contract, but maybe a few years down the road, you realize it is just not for you. Whether you are not making as much of a profit as you hoped or you have decided this type of...
Can Making An Insurance Claim Due to Forced Closures Help Your Small Business?
CAN MAKING AN INSURANCE CLAIM HELP? Previously I wrote about business interruption and property damage insurance claims as they relate to COVID 19. This article will briefly provide additional information on the topic of insurance coverage in light of many local and...
Common risks to consider before buying a franchise
Hindsight is 20-20, but those looking to buy a franchise need to exercise due diligence to get all the information available. This can help reduce the amount of risk involved. However, uncertainty comes in many forms, and one or a combination of several issues can...
What Does A Small Business Need To Know About The CARES Act?
This article was prepared based on the guidelines published by the US Chamber of Commerce. 1. What Is The CARES Act? The Coronavirus Aid Relief and Security (CARES) Act is the new law that was enacted to provide $350 billion to keep small businesses and their workers...
New Coronavirus Bill Requiring Paid Employee Leave Signed Into Law
President Trump signed the Families First Coronavirus Response Act yesterday. This Act provides the first time that the United States has had widespread, federally mandated, paid leave. This law gives two weeks paid sick leave if the employee is ill, seeking a...
Will Business Insurance Help During A Covid 19 Closure?
Will Business Interruption Insurance Or Property Damage Insurance Help Pay The Rent And Other Fixed Costs During Covid 19 Closure Yesterday I wrote about suggestions that franchisees and retail tenants can take to move forward in these difficult times with the COVID...
Covid 19 Impact On Franchisees And Tenants
Franchisees – If you are unable to stay open for business because of the COVID 19 epidemic/pandemic, you should have discussions with your franchisor to strategize on the best way to handle the situation. Having open discussions with your franchisor allows both...