Author Archives: Jay Butchko
What Is The Future Of Non-Compete Agreements?
When you think of non-compete agreements, you probably think that they are for high-end jobs such as those in the technology and medical fields. However, employees in virtually every industry are seeing them, from hairdressers to janitors to retail clerks to fast food workers. They cannot begin their position until they sign one. Non-compete… Read More »
Elements of a Business Contract for Family Businesses
When several family members, like a married couple or siblings, set out to start a business together, they hope it will be successful and last a long time. Many family businesses do end up being successful but they don’t always last as long as they should. Only 40% of family businesses last two generations,… Read More »
What to Know Before Purchasing a Business
When it comes to being an entrepreneur, there are several paths you can take. Many start their own business. Others want to run a business, but don’t have a solid idea in mind. They either opt for a franchise or purchase an established business from an owner who is selling one. Buying an existing… Read More »
What is a Rollover for Business Startups?
Starting a business can be risky right now. Many businesses have declared bankruptcy after having to shut down for months due to the COVID-19 pandemic. In fact, many banks aren’t even lending right now due to the poor economy. This means that if you have a good business idea but lack the money to… Read More »
Liquor License Renewal Extended in Florida
In the past, Florida bars and other businesses that sell alcohol had to renew their liquor licenses in September. At a cost of around $1,800, this is an expense that business owners expect every year. However, the events of this year may make it difficult for many business owners to pay this bill. Bars… Read More »
Why Franchising Might Be a Good Option for Older Americans
Decades ago, a lot of people would have retired at 60 years old. Not many would have continued working or even considered a career change. But 2020 is different. Many of us have struggled financially this year and need to keep working for longer to make ends meet. Another thing to consider is that… Read More »
Non-Compete Agreements in the Age of COVID-19
Many companies use non-compete agreements to keep employees from working for competitors and sharing trade secrets. Non-competes are used in a variety of industries, from technology to finance to health care to media. Even beauty salons and fast food restaurants use them for their employees. Employees don’t typically like these agreements because they are… Read More »
How Business Startups Can Sustain Growth
It’s a rough time for entrepreneurs to be starting businesses. COVID-19 has forced quarantines and business shutdowns. Millions have been laid off, so these people are trying to spend as little money as possible. More than 70% of businesses fail within the first several years. This can be a frightening statistic for business owners…. Read More »
New Trend: Multi-Unit Franchising
Many people are interested in owning franchises because it can be easier than starting a brand new business. With a franchise, you get an established business with a solid customer base and marketing plans in place. You don’t have to worry about whether or not a business will be successful because chances are, it… Read More »
Dealing With Common Online Business Issues
Many brick and mortar companies are having to close for good due to COVID-19. They are unable to make their monthly rent and utility payments due to a lack of revenue they have faced since they were forced to shut down. Physical businesses require a lot of money because there are so many expenses… Read More »