Month: March 2017

The Main Benefits of Becoming a Franchisee

Posted on by TheSph3r3
Benefits of Becoming a Franchisee

Run your own business without facing the hurdles of a new business.

There’s little that we do in life where we don’t first consult the pros. We always prepare ourselves for big steps, such as learning to drive, taking an exam, or making financial decisions. Dipping our toes in and learning from the pros is how we best succeed in our endeavors. So why jump head first into a business that you’re not prepared for? Instead of landing yourself in the awkward position of attempting to run your own small business, purchasing a franchise is a wise choice to get you started.

The franchise route is often considered more secure, less risky, and more successful than starting up a traditional small business.

Here is just a handful of some of the benefits:

  • Established brand
  • Proven business concept and operating model
  • Established operating policies, procedures, and standards
  • Lower statistical risk of failure
  • Immediate momentum on opening through established brand equity of the franchise
  • Established customer base of the franchise
  • Training and ongoing support from the franchisor
  • Shared marketing costs with the franchisor and other franchisees
  • Support in difficult times from the franchisor
  • Ongoing product and service innovation
  • Increased buying power via the franchise group
  • Easier to obtain finance from banks and other lenders
  • Increased chance of a successful sale of the franchise upon exit

Even with all these benefits in reach, the franchisee must be able to take on the duty with due diligence.

Once you’ve made the decision to become a franchise business owner, take a look at the All Nevada Insurance franchise system.  Get started with your franchise system today with All Nevada Insurance.

How to Find Coverage to Match Your Business Size

Posted on by TheSph3r3
Find Coverage to Match Your Business Size

Matching business insurance to the size of the entity.

The types and amount of insurance that you need for your small business vary considerably based on several factors. The type of business, your location, and if you have employees are some of the key details that insurers take into consideration when determining the right coverage for your needs. You can evaluate your insurance need by first considering the size of your business. Take a look at your number of employees, total sales, and earnings to start.

Home-Based Businesses

Typically, home-based businesses consist of one or no additional employees and have relatively little revenue. However, that doesn’t mean that they should go without insurance! While a home-based business is generally considered a small business, its location may require special attention to your insurance coverage. Homeowners insurance generally won’t cover you for business losses occurring in your home.

Small Businesses

If you have 50 or fewer employees, you may consider yourself a small (but thriving!) business. A common small business insurance policy, called a BOP (Business Owners Policy), is usually available for those with fewer than 100 employees and revenues of up to about $5 million or less. While you can purchase customized insurance to cover your specific type of business, insurers offer standardized small business policies that protect against the most common risks.

Medium- to Large-Sized Businesses

For companies with more than 100 employees and revenues higher than $5 million, it’s important to protect it from the inside out. Growing businesses are great, but they’re also more exposed to certain risks. For this, specialized and additional insurance is worth adding on so that all departments, locations, and aspects of the business are covered.

Skip the search of finding the best insurer for your needs. To get the right business insurance, contact the experts at All Nevada Insurance, serving Las Vegas, Nevada.

Five Reasons to Purchase a Franchise

Posted on by TheSph3r3
Reasons to Purchase a Franchise

Here’s why you should consider purchasing a franchise.

Buying a franchise can be a life-changing experience for any potential business owner. With a little patience, due diligence, and by following smart steps, you can experience just how successful owning a franchise can be. Here are the top five reasons why you should purchase a franchise.

An existing franchise is a turnkey business.

Many entrepreneurs have the skills to run an existing successful business but don’t have expertise in all it takes to get a business up and running, whether it’s obtaining financing or negotiating lease terms. Buying an existing franchise in a well-designed system can eliminate much of that hard work that gets a business off the ground: scouting out the area, finding the location, negotiating the lease, securing contractors and employees, and more.

The proven systems are in place.

When you buy a franchise, you’re buying a system – and a well-oiled one at that. Franchises have an established system and product, taking all of the guesswork and trial and error out of it.

Established corporate image and brand awareness.

If you buy into a franchise system that is already established, the corporate image and brand awareness is already recognized. Customers are often more comfortable purchasing items they are familiar with and working with companies that they know and trust.

A higher likelihood of success.

Since there is already an established system in place, there is a greater chance of success. If you invest in a proven franchise opportunity, you should be on your way to running a successful business.

Training is included.

Many franchise opportunities offer a training program that is typically held at their corporate office, plus any additional training that occurs on the location site before the grand opening. The franchisor will train you to run the business the same way that other sites run so that you have the best chance of success.

Once you’ve made the decision to become a franchise business owner, take a look at the All Nevada Insurance franchise system.  Get started with your franchise system today with All Nevada Insurance.

The Pros and Cons of Using an Insurance Broker

Posted on by TheSph3r3
Who Should You Buy Insurance From

Secure insurance through the right insurance agent.

When shopping for insurance policies, you have two choices: either work with an insurance broker (someone who represents a variety of insurance companies) or choose to buy directly from a captive insurance agent (someone who represents a single insurance company). Consumers should be aware of the cost of premiums and the level of customer care. When shopping for insurance, always bear those two factors in mind.

Captive Agents

While you may think that you should opt for a captive agent to cut out the middleman (the broker), you may be limiting yourself. Captive agents just represent one insurance carrier. The upside of working with a captive agent is that he or she has exceptionally thorough product knowledge. The downside is that he or she cannot provide access to products or pricing outside of their respective company. Essentially, you buy what they can offer. You can visit many captive agents online to request a broad quote. It could be worthwhile calling the agent to see if you can bundle policies together to save money.

Brokers

A broker helps you find the right coverage for your needs (rather than finding the right package that somewhat fits your needs). A broker is solely focused on you and can help comparison-shop. He or she may be able to advise on how to bundle or customize your policies. Brokers work with a variety of insurance companies, meaning that they have a broader understanding of companies’ offerings and key benefits. When working with brokers, bear in mind that you may not need all of the added bells and whistles that they suggest.

Skip the search of finding the right insurer for you by contacting All Nevada Insurance directly. We provide residents in Las Vegas and cities in Nevada with reliable insurance. Contact us today to get started on your tailored policy!

Reasons for Buying a Franchise Over Starting Your Own Business

Posted on by TheSph3r3
Franchise Over Starting Your Own Business

Want to be your own boss? A franchise opportunity could be for you.

When you decide to start your own business, you have several choices. You can buy an existing business, start your own from scratch, become a partner in an up-and-coming business, or you can purchase a franchise. All businesses have inherent risks, but a franchise has a built-in support system.

What’s more, franchise organizations offer a structure for launching, operating, and growing a business. An efficient franchise owner can earn more and spend less time and effort organizing a similar business on their own.

Brand Name

If you start a business from scratch, you will have the challenge of trying to establish a successful brand name with potential customers. The same could be said if you were to buy a small, existing local business that has little name recognition. Fortunately for you, a franchise has spent a long time building up the brand name recognition.

Success

Across the nation, the revenue from franchise establishments accounts for over one-third of all U.S. retail sales. Because franchises make up a significant part of the national economy, it presents a statistically better chance of success than other business options.

Training

In many cases, a franchise company offers you complete training and support to get your business started. As systems are already fine-tuned, you’ll know exactly how to train your employees without the trial and error that new companies face. Furthermore, a franchise may offer you ongoing training in the company’s business processes, marketing, and daily operation so that you don’t have to worry about staying on top of new procedures.

As you evaluate franchise organizations, be sure to investigate their commitment to their franchise owners, as well as their future development plans to secure franchise growth and success!

Once you’ve made the decision to become a franchise business owner, take a look at the All Nevada Insurance franchise system.  Get started with your franchise system today with All Nevada Insurance.

The Three Best Practices to Improve Company Culture

Posted on by TheSph3r3
Practices to Improve Company Culture

Create a culture that benefits your employees, customers, and small business.

When you think about a great company culture, one is inclined to think of the giant businesses like Google, Apple, and Starbucks. These companies are known for their success, happy workers, and healthy work environments. Smart small business owners are heeding advice from these industry heavyweights to create an enjoyable workplace.

To get started on improving your company culture, check out these tips.

Start at the Core.

Small business owners who are looking to build or revamp their culture should begin by determining what’s important to their organization. Whether it is creating relationships or putting customers first, it’s important to assess the core values of the company and incorporate them into everyday policies.

Hold Employees Accountable.

Part of what makes a good employee do their job correctly is accountability. Small business owners can look for ways to track employee behavior and success. This could mean including values in performance reviews or setting up rewards programs.

Stay Consistent.

We spend a lot of time talking about our values, who we are, and how we want to represent ourselves. Companies with great cultures keep their values front and center in many ways, from writing them on the walls and forming culture committees to rewarding employees who embody them in their compensation. If you want to offer benefits to keep your team motivated, be sure that they suit your employees. For example, new parents may appreciate life insurance and a flexible work schedule, while young staff might look for office amenities and paid time off.

Part of what keeps your business thriving is the protection behind it. Commercial insurance is there to safeguard your company through many incidents. Contact the professionals at All Nevada Insurance to secure your needed insurance in Las Vegas and neighboring cities in Nevada.

Top Reasons Why You Should Buy a Franchise

Posted on by TheSph3r3
Why You Should Buy a Franchise

Find out why buying a franchise makes financial and logical sense for you.

When people want to run their own company, many of them forget about the possibility of buying a franchise. This can be a costly mistake; franchises are manageable, already successful, and allow the individual to start their own business and become the master of their destiny.

If you want to own a business, here are the top reasons for selecting a franchise company.

Track Record of Success.

Any good franchise company (certainly one worth buying into) will have already developed a method of doing business that works well and produces successful results. Even better, they’re required to provide you with a great deal of information in their disclosures so that you can make an informed decision with the details in front of you.

Marketing Assistance.

The franchise company provides you with marketing assistance to give you the proven tools and strategies for attracting and retaining customers. More often than not, current staff helps to build solid marking plans and budgets so that you don’t have to worry about starting from scratch.

Risk Avoidance.

The biggest reason to purchase a franchise is that, if you’re smart, it will help you avoid much of the risk of starting a new business. Since it is already set up and running, you can determine with a fair amount of certainty what happens if you become a new franchise.

Once you’ve made the decision to become a franchise business owner, take a look at the All Nevada Insurance franchise system.  Get started with your franchise system today with All Nevada Insurance.