Running a business is challenging enough despite the additional complications that can come with unforeseen circumstances whether that be a pandemic or sudden need to pivot quickly. The Small Business Administration (SBA) has long noted that 80% of businesses survive the first year, but almost half of the businesses fail by year five. Why is this? Why Many Small Businesses Fail The reason that these small businesses fail, first and foremost, is directly related to lack of business planning. Over the past several years, Chase Law Group has worked with entrepreneurs and small business owners from the time they start... READ MORE

Article written by Brian H. Cole, Associate Attorney, Chase Law Group, P.C. Have you ever considered looking into buying a franchise? There are many attractive aspects of this particular business model. Generally speaking, a franchise has an infrastructure already established to help owners and managers run the day-to-day operations, plus a known franchise has built-in brand equity. These are huge benefits for a business owner. On the other hand, like any business, there is a considerable amount of work, employee management, customer service and marketing efforts that the owner or manager will still need to take on and often follow... READ MORE