Archive for December, 2008

Covenants Not To Compete Another Franchise Quandary

Writen by Bradley Hansen

Imagine that you have operated a successful franchise business for the past several years. Your franchise agreement’s term expires in the near future and you are contemplating whether renewing the agreement would be a wise business decision. In the past couple of years it has become all too apparent that you are receiving little, if any, benefit or assistance from your franchisor. Yet, you continue to pay the franchisor thousands of dollars each year in royalties and other fees. You therefore decide that it would make better “business sense” to operate independently after expiration of your franchise term. After all, you are very familiar with the business and have worked extremely hard in developing and establishing a solid client base to enable you to continue running a profitable and prosperous operation.

After your franchise term expires, you continue contacting and providing services for new and former clients ? albeit under a different business name. Shortly thereafter you receive a “cease and desist” letter from your former franchisor notifying you that you are in breach of your post-term covenant not to compete and could face court proceedings, including injunctive relief, if you do not immediately turn over all of your client and business records and stop operating from your current location.

Click to continue reading

Incoming Searches that might interest you:

Magic Johnson SBA Administrator?

There are many names being batted around for SBA Administrator. The SBA desperately needs a shot in the arm and the right leadership would be critical. This Wall Street Journal article by Kelly Spors handicaps the front runners.

As President-elect Obama unveils his Cabinet members, some small-business owners and organizations anxiously await who he’ll pick to run the agency charged with helping them.

Some of the names floating around as potential next Small Business Administration leaders include Fred Hochberg, who leads Obama’s SBA transition team and was former acting SBA administrator; Annette Taddeo, a Colombian-born business executive who ran for Congress; and Monica Lozano, a Los Angeles businesswoman and publisher of La Opinion, the largest Spanish newspaper in the U.S.

The next SBA chief will certainly have enough to do. The agency has been

criticized in recent years for, among other things, its slow handling of disaster loans post-Hurricane Katrina, unpopular changes to its lending programs, and inadequately ensuring small businesses get government contracts. Not to mention SBA has often popped up on lists of government agencies with the lowest employee morale.

The new chief may also be managing a bigger budget, if President Obama, as some expect, supports SBA more than President Bush has. Sen.

Click to continue reading

Incoming Searches that might interest you:

Have Some Fun …..The Best Sales And Marketing One Liners

In a little diversion from the standard “business talk” ….. let’s have a little fun. Here are some of the best (funny, crazy, inspirational) one liners in marketing and sales. Feel free to add your own contributions as replies ….HIGHLY encouraged. ;)

* “It’s not a bug — it’s a feature.”

* “Where’s the beef?”

* “I am not selling bibles … but I think I´ve some solutions to your office.”

* “The thing to remember about Marketing in general is the 2-drink minimum.” — R. Poulk

* “Pst … Viral marketing doesn’t work … Pass it on.”

* “May I have the chance to “wow you” today?”

* “Where facts are few, experts are many.”

* “Success has many fathers, failure is a bastard.”

* “Market research is for the obedience of the foolish and the guidance of the wise.”

* “In business the rear view mirror is clearer than the windshield.”

* “Data beats emotion (gut instinct).”

* “Coffee is for Closers” – Alec Baldwin as Blake in Glengarry Glenn Ross

Like I said ….

Click to continue reading

Incoming Searches that might interest you: