Filtered by category: Business Clear Filter

Cannabis Businesses – Get Ready to Sit at the Bargaining Table

Written by Stephen Trimboli

Cannabis Businesses – Get Ready to Sit at the Bargaining Table

Cannabusiness. The mere utterance of this word generates excitement at the thought of the new business opportunities available. But those with visions of operating a cannabusiness in New Jersey need to be aware that other than “microbusinesses,” all licensed producers, growers, transporters and vendors will be required to enter into union agreements or face having their licenses revoked. Having a “labor peace” agreement with a labor union – that is, an agreement not to contest the union’s efforts to organize one’s workers, often in exchange for the union’s promise not to strike or picket – is a requirement for applying even for a temporary license. Once the license is granted, the licensee must maintain the labor peace agreement or enter into a collective bargaining agreement (or at least make good faith efforts to conclude such an agreement) within 200 days of opening for business. Failure to do so can result in license suspension or revocation.

Cannabusiness entrepreneurs face obstacles unique to that industry. But collective bargaining, even in a harmonious, constructive union relationship, imposes a new set of mutual rights and obligations that cannabusiness entrepreneurs may not be aware of. A short article can only skim the surface of these rights and obligations. But some key points are critical to understand.
First, an entrepreneur cannot simply begin to bargain with any union he or she chooses.

Read More

The Common Element Among Unique and Successful Businesses

Written by Robert DePalo Jr. JD, CExP,
Director of Business Planning,
National Financial Network

Successful business owners may face a conundrum as they pursue success. “Though my competitors do something similar, they don’t do it the way I do it. So, how do I know the right way to achieve success, especially if I don’t do things their way?”

It’s a bit of a paradox: how can you build and enhance your company’s unique qualities while adhering to commonly followed best practices? The key is having a planning process. Here are some of the things you should consider to position your unique business to achieve generally agreed-upon standards of success.

Read More

Promotional Products and a Pandemic

Written by Fred Taffer


One minute you’re working hard to grow your business and then out of nowhere...silence. With no warning or time to prepare, every industry was quickly affected by Covid-19. There’s no telling how long before we are safely beyond this pandemic and fully functioning, so we are all left with one choice...adapt.

Read More

Is the Pandemic a Good Time to Launch a Business or Invest in a Franchise?

Written by Alan Goldberg

It just might be!

Previous financial crises have given rise to many new high-profile companies; Airbnb, Disney, General Motors, Hewlett-Packard, Microsoft, Slack, Uber, and Venmo, to name a few.

Read More

A Few Cocktail Napkins + A Business Plan

Written by Ivy Slater

It was many years ago, I was out with some friends at a bar in New York City and we started talking about a new idea I had that would expand my business. No one knew the conversation was going to go there. We had no paper and this was before our phones had the capability to take notes, so I did the next best thing and grabbed a stack of cocktail napkins.

We borrowed a pen and started outlining ideas and ended up designing a business plan, right there, on our tiny, blank canvases.

Read More

6 Tips to Avoid the BLACK HOLE of Your Inbox

Written by MerriLyn Gibbs

The biggest time-waster in my opinion is the all-mighty inbox. I call it the ​ Black Hole.​ It seems once you start going through your inbox, you suddenly notice that 2 hours just went by and you feel like you literally got nothing done. Well, no more, let's start practicing these 5 tips to make you more time-efficient with the all mighty inbox.

1) Schedule Your Time​ : Start with segmenting when you look at your inbox. I suggest 3 times a day. Once to start your workday, sometime in the middle of your workday, possibly right after lunch and then once to end your day.

Read More