3 Things You Should Know About Small Business: Jan. 26

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

1. Quick-service restaurants take the gold. Stock values for the public companies of quick-service restaurants such as Chipotle ( CMG), McDonald's ( MCD) and pizza chains such as Domino's ( DPZ) beat the overall market last year and performed much better than the rest of the restaurant industry, according to QSR Magazine.

The still sluggish economy and cautious consumer spending is helping the more economical restaurants in the fast-casual space perform well.

2. The FTC's new Business Opportunity Rule. The Federal Trade Commission has come up with a rule to restrict those bogus business opportunities often seen in your mailbox. The Business Opportunity Rule, which goes into effect March 1, requires people who sell business opportunities to disclose more information than in the past.

According to the article, anyone selling a business opportunity must create a one-page disclosure document that includes: whether legal action has ever been taken against the seller; if there is a refund policy for the business transaction; the earnings claim, if there is one, that a buyer can expect to earn through the opportunity; and references for the seller.

If you're considering the business opportunity, this disclosure document should protect you from bogus deals. Pay close attention to the earnings claims -- the seller must list how much other buyers have made and where they were located, the article says.

3. How to be a part-time entrepreneur. Learning to balance work and life is difficult for anyone, but especially for a small-business owner, since for many their work is their life.

One owner shared his secret to being able to spend ample time with his daughter while still running a business. Inc.com contributor Hans Steege, the co-owner of Dero, a Minneapolis-based business that builds bicycle-friendly communities worldwide, shares the decisions he and his partner had to make to cut down the hours they were in the office. One of the biggest was learning to let go of control and accept that the "business could not be about us. If we needed to be physically present for the business to run, this wasn't going to work."

-- Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com.

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