Business

Are You Looking to Buy a Franchise? Here’s How to Start!

Posted on by TheSph3r3
How to Start a Franchise

Easy tips on how to get started with your franchise opportunity.

A franchise model offers a good track record, an established brand name, training programs, support, and marketing assistance. With all that at hand, it’s no surprise that many entrepreneurs are drawn to the built-in security. The best thing that you can do before buying a franchise is to research.

Here are some of the best ways to get started!

Attend franchise events. The International Franchise Expo hosts over 300 franchises and even more interested individuals. It’s a one-stop-shop in terms of basic information and networking, as well as determining which franchise opportunity you want to become a part of.

Talk to franchisors and franchisees. As an initial step, head to the franchise’s website and request more information or call them directly. Ask in-depth questions so that you fully understand the ins and outs of joining the team. If you want much of the truth, ask the franchisees directly about their experiences, including the support they’ve received. For a better hands-on look, see if you can shadow him or her for one day.

Ask consultants, lawyers. A franchise consultant, also called a broker or coach, can provide excellent advice, although keep in mind they are often working for the franchisor. This is a good route to go to avoid a mess later one down the road.

Perform a web search. The whole web is at your fingertips, so many the most of it! Find out everything you need to know, how you can prepare, view legal documents, and ensure there are no lawsuits filed against the chosen company.

Once you’ve decided to become a franchise business owner, check out All Nevada Insurance’s franchise opportunity. Find out more information by giving us a call today!

The Main Benefits of Becoming a Franchisee

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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

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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

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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

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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

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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

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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.

What You Need to Know About Flood Insurance for Your Business

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Flood Insurance for Your Business

Your business insurance isn’t your flood insurance coverage.

When it rains, it pours. When it pours over your building and business, it can be hard, or even impossible, to recover. Flood damage will affect your business as well as the premises, threatening the survival of your shop, warehouse, restaurant, office, or other commercial business. Dealing with the effects of flooding means more than just clearing up the flood damage, you also need to get the business operating as quickly as possible. When time is money, you have no spare minutes to waste.

Many small business owners are under the mistaken impression that their business insurance policies cover them for damages arising from floods. While your policy may cover water damage, flood coverage is entirely different. Just like homeowners flood insurance, commercial flood coverage must be purchased separately in a dedicated policy.

Most flood insurance is sold through the National Flood Insurance Program, which has a standard set of coverage available. Commercial customers in low or moderate risk areas can choose building and contents coverage or content only policy. Those in higher risk areas naturally pay more, and may not have the option to cover contents only.

Generally, the NFIP covers:

  • Damage to the building and foundation
  • Plumbing and electrical system damage
  • HVAC, water heater, and furnace damage
  • Built-in appliances such as dishwashers and fridges
  • Permanently installed carpeting
  • Permanently installed paneling
  • Window blinds
  • Inventory/merchandise
  • Computers
  • Machinery
  • Business interruption
  • Cash, currency, and stock certificates
  • Most automobiles

Does your business have the right protection in place? Stay safe throughout the storms by securing your commercial flood insurance policy today. Visit All Nevada Insurance, serving Las Vegas and surrounding cities in Nevada to get started!

Prepare Your Business from the Most Common Types of Insurance Claims

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Common Types of Insurance Claims

Common insurance claims that hinder businesses.

Even if your business has all the necessary insurance plans in place, are you doing your best to prevent property crimes, damage, and loss? Protecting your business comes easy with insurance policies, but safeguarding it to prevent accidents comes with safe habits and practices.

Check some of the top insurance claims that businesses file, and how to prevent these threats to your business!

Burglary and theft:

  • Put lights on timers: Set up a system where different room lights are turned on each night, keeping the perception of consistent late-night workers. Burglars are less inclined to break in if they think someone is there.
  • Hide it away: Blinds or remote tinted windows offer an excellent deterrent for spontaneous theft and break-ins.

Fire:

  • Install equipment: Maintain and install an automatic fire alarm that alerts the fire department when smoke is detected.
  • Unplug: Disconnect equipment when not in use and never overload sockets with plugs.

Water damage:

  • Assess flood risk: In heavy rain, where does water pool around the building? Are you located near a water source? Once you’ve determined your flood risk, you can assess what steps to take to prevent water damage.
  • Insulate exterior pipes: When pipes freeze, they can burst. Always wrap exposed and exterior pipes with insulation to prevent them from freezing in the first place.

Customer slips:

  • Clear the clutter: Ensure that your team looks after the work environment by putting away items when not in use, tying up loose cables, and clearing up spills as soon as they occur.
  • Review General Liability Insurance: This coverage can help you to pay for a loss that may arise from a slip and fall in the workplace.

Vehicle accidents:

  • Maintain vehicle health: Give the business vehicles tune-ups frequently, such as changing the oil regularly, checking the fluids, and renewing tires and brake pads. If the car is operating smoothly, it may lower the chance of an accident.
  • Be wary of weather: If the weather gets so bad that the driver’s comfort levels lower, ensure that they know how to drive safely in inclement conditions. When the road conditions are bad, the chances of accidents increase.

While adapting to new, safe habits can be a challenge, insurance can be made easy. Contact All Nevada Insurance in Las Vegas to find out how to acquire the right commercial insurance to suit your business’s needs, vehicles, and risks, all at the right price.