How can I sell one of my restaurants as a franchise?

If you are planning to sell more franchises, then franchising your restaurant concept will be a consideration. However, if you are not planning to expand your restaurant business beyond the two current locations, then a form of partnership or other business structure may be a consideration with your lawyer rather than establishing a franchise system.
Read More

Lessons from T. Boone Pickens

Whether you’re a sole proprietor or part of a multi-billion dollar business, the key to success is talking to other people. T. Boone Pickens has built companies worth billions of dollars, and suggests that if you want to work smarter, then the first step ought to be talking to other people.

Should a Small Business Offer Paid Parental Leave

Despite passing the Family and Medical Leave Act (FMLA) in 1993, which allows employees to take 12 weeks of unpaid leave from their work before returning to their position, the U.S. is the only developed nation not to guarantee their working mothers salary during the time they take off from work after a childbirth.
Read More

The Allure of Low Prices

I missed the irony on my first read of the email in which a marketing firm talked about pricing. The second reading left me laughing. It never ceases to amaze me how alluring low prices are to sellers.
Read More

The Secret Weapon of the Innovator

If you are a successful entrepreneur or intrapraneur, you are probably an “idea guy” or work with one of these dangerously endearing men or women. Let me introduce you to someone who may be the ultimate idea guy to show you why ideas alone are not enough. (And what’s lacking, as you will see, goes far beyond just execution.)
Read More