For more than 50 years, the Small Business Administration has celebrated National Small Business Week and does so again this week from September 20–26. The mission of the week is to recognize, celebrate, and support U.S. entrepreneurs and small business owners. It’s a great time to support local businesses or to tune up your own small business by taking advantage of some of the education and resources available this week including the National Small Business Week virtual conference on September 22–24, 2020.

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Small Business Week 2020, Small Business Administration

The Small Business Administration (SBA) has been front and center during the 2020 Covid-19 pandemic with the Paycheck Protection Program (PPP), the program authorized by legislation to fund forgivable loans up to $10 million per borrower for qualifying businesses. As part of Small Business Week, the SBA will be recognizing small businesses who have navigated the coronavirus pandemic while supporting their employees and communities. …

Franchising is one of the most popular business models. There are almost 750,000 franchises in the United States. Franchises are popular with entrepreneurs for a reason — after seven years, over 90% of franchises are successful, while only 20% of other startups are successful.

Some entrepreneurs, understandably, do not want to pay franchisors’ royalties, up-front fees, or have the franchisor dictate the way their business should be run. And that’s fine. There are nevertheless many lessons that non-franchised entrepreneurs can learn from the franchise model.

Efficiency. Systems. Operations.

Many of fundamental concepts of franchising are applicable to virtually every business. Efficiency. Systems. Operations. These are the key concepts in creating a successful franchise, and they are just as important for entrepreneurs of any stripe. …

This year’s Covid-19 pandemic forced many small businesses to experiment with, or make a permanent transition to, a remote workforce. While working remotely has been more common in certain industries and regions, smaller businesses have been slower in moving towards the trend. Not all businesses are suited to remote work, but for the ones that are, there can be benefits and expense savings.

Current health risks have increased both owners and workers’ desire to structure businesses with flexibility to work from home. But, even before Covid-19, eighty percent of U.S. workers say they would turn down a job that didn’t offer flexible working. …

Restaurants have been one of the hardest hit small businesses during the Covid-19 pandemic. Even with outstanding local support and camaraderie among fellow restaurants, many find it has still been difficult to keep their doors open.

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Tips for Restaurant Owners During the Pandemic

We’ve compiled some of the input we have received from clients and neighborhood restaurants who are succeeding despite the pandemic, along with some advice that seems to be universal in a crisis like this. Here’s some of the top tips:

1. Utilize Social Media (a lot!)

With reduced food traffic, it’s important to stay relevant and showcase what you do best. Develop a social media strategy. Use less wordy promotions and more well-edited photos of what you do best, your environment, and who you are. Grab the interest of your followers and cross-promote with other socially-active businesses to gain new followers. …

A franchise is one of the most popular types of business in the U.S. because it provides an entrepreneur with a ready-to-go business format. The operations, policies, marketing, and just about anything else you can think of has already been thought of and created by the franchisor (the company selling the franchise) to the franchisee (the person buying the franchised business). It is often a tried-and-tested business model that brings with it much more certainty of success.

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What is a Franchise and Why it is Different?

Just because an entrepreneur purchases the right to use a certain business name, however, doesn’t mean that the business is automatically a “franchise.” …



DYE CULIK PC is a Charlotte, NC business law, franchise law and litigation firm. Our business is knowing and protecting your business.

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