This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

3 Things You Should Know About Small Business: May 10

NEW YORK ( MainStreet) -- What's happening in small business today?

1. American Pickers negotiating tips. If you're looking to improve your negotiating skills, watch an episode of the History Channel's American Pickers.

The show's stars, Frank Fritz and Mike Wolfe, owners of Antique Archaeology, wander back roads chatting it up with old-timers and peeling through decades-old trash to hopefully find some treasures. But the two are experts in the art of negotiation.

Entrepreneur lays out negotiation lessons learned from the show, including understanding the other side (in their case the seller's) motivation, never paying up for something and knowing when to walk away from a deal.

2. Underperforming franchise sectors. Are you surprised? Following an article he wrote in which he estimated that 1 in 6 franchises have less than 5 franchises opened, consultant Ed Teixeira identifies the 10 franchise sectors that are underperforming. They include pet centers, construction and remodeling, senior care and restaurant (drive in and carryout), according to Business Brokerage Press.

Teixeira says there are several reasons these sectors may have made the list: the segment is growing rapidly and attracts more start-ups; a lack of business and/or financial resources; or hot franchise concepts tend to draw inexperienced franchisors.

"The lesson for those businesses considering a franchise program is to have the right business model coupled with sufficient capital and good franchising advice ... don't allow yourself to be convinced that any business can be franchised," Teixeira says.

3. Which food chains attract the Millennial generation? McAlister's Deli, Cracker Barrel and Johnny Rockets, which received top marks from the Millennial generation, according to an analysis by Technomic.

Marketing to Millennials -- defined as consumers aging from 19 to 34 -- can be a challenge, Technomic says. The group places value on social responsibility, sustainability and organic ingredients, among others.

"Success with today's Millennial consumer will depend on making an emotional connection and setting expectations," says Darren Tristano, Technomic's executive vice president.

Technomic studied the consumer experience ratings of 107 restaurant chains in its database that measure more than 50 attributes including service, restaurant cleanliness, atmosphere and ambiance, food, beverages, takeout, value, brand image, advertising effectiveness and emotional connection.

-- Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to:

To follow Laurie Kulikowski on Twitter, go to:!/LKulikowski

>To submit a news tip, email:


Follow TheStreet on Twitter and become a fan on Facebook.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs