Gregory Woloszczuk

Small Business, Big Lessons: Technology & Liability

A small business owner experiences enough daily challenges, but one in particular may end up costing more money than most would expect. If your point-of-sale system is not able to accept EMV cards – more commonly referred to as “chip cards” – then you may be liable for fraudulent or contested transactions. The recent shift toward chip technology and accompanying merchant liability for not adopting said technology began a few years ago. The first major push for large-scale adoption began in October 2015, and the second shift is underway this year. Changes affect everything from ATMs to gas pumps,...

Read More

Small Business, Big Lessons: Location, Location Location

Indisputably, a good location is one of the keys to business success. But what makes for a good location? When looking for the perfect place to settle your small business, you might be considering a big end cap space in a shopping center, or a standalone building. You may just be looking for the cheapest rent to minimize overhead costs, something off the beaten path or even inside a mall. The truth is, your location needs to depend on your specific business, rather than the other way around. Three considerations heavily impact the process of choosing a lease: cost,...

Read More

Small Business, Big Lessons: Fun and/or Profit

As a friend of mine told me years ago, “everything looks easy when you’re at a picnic on a Sunday.” Sometimes the same thing can be said about small business. Many people that never owned a small business are envious, thinking that a small business owner must be rich – comparatively speaking – and hardly ever needs to work. They must have so much time off while their employees hold down the fort and handle the day-to-day, right? In a word, no. In this forum, I hope to share real life insights and tips on small business ownership. Sometimes...

Read More

Small Business, Big Lessons: What Happened to My Favorite Dickey’s Barbecue Pit location?

Do I have your attention? For legal reasons, I can’t give any details about what exactly happened just yet, but read on to see lessons learned along the way. I’ll try not to bait and switch you moving forward – but no promises! It was very sad to see what we built up over 10 years, winning numerous awards along the way, and come crumbing down in under 10 months after being taken over by new ownership. The three Triangle locations our company owned and operated supported countless special occasions, family dinners, and more. I will do my best...

Read More
  • 1
  • 2