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Is Your Franchise Business Safe?

business

Is it safe?

Is your franchise business protected?

Are you sure?

Let’s find out.

 

No Business Insurance Rant Coming

If you thought that I was going to write about business insurance…well, you’re going to be disappointed.

Now, I’m not saying that you don’t need insurance for your business. It’s just not what I’m focusing on in this blog post.

Plus, insurance is an intangible; you can’t see it, touch it, smell it, or taste it. It’s a little more difficult to make an investment in it than something that you can see. And, can touch.

Keep reading.

 

Powerus Interruptus

If a massive thunderstorm were to hit your area, one with say, 70 mph winds, the kind of winds that bring down trees and power lines, will your franchise business be able to stay open for business? Think about it.

 

 

Now, let’s go even deeper.

Let’s say that the storm in question is a daytime one. If that were the case, you wouldn’t need all the lights to work, right? Your customers would still be able to see your products…order your services. Correct?

What about your electronic business systems?

Things like your PC’s…your point-of-sale system?

Would they work?

 

UPS

May I gently suggest that you consider purchasing a few uninterrupted power supply boxes?

You need a back-up system for your business.

If you don’t have one, you’re putting your business at risk. Why would you want to do that?

Isn’t franchise business ownership risky enough?

 

I Have One

I’ve had my share of “issues” with my AT&T high-speed internet service over the past couple of years.

If you’re a rabid follower of mine on Twitter @FranchiseKing , you may have seen a couple of rather terse 140 character remarks of mine concerning AT&T’s service. It hasn’t been the bomb.

The last technician that paid me a visit at The Castle must of felt my negative vibes towards his employer, because not only did he install a brand new high-speed router, he added (at no charge) a UPS to my (now) cutting-edge home business office. My business is now fully protected. (My moat is pretty deep, too…) Thanks, AT&T.

 

More Business Safeguards

There are actually several things that you may need to do to add more levels of protection to your business. Adding a UPS is only one of them.

Lucky for you, I found five more things that you can do to protect your business.

I was scanning Open Forum by American Express for small business articles, and I found one that you should read from Julie Bawden Davis. Julie did a fine job with her post – 6 Ways to Safeguard Your Small Business Data.

What other things are you doing to protect your biz?

What have you done in the past to protect your business…that you’re glad you did?

 






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About The Franchise King®

My name is Joel Libava, and I'm the author of Become a Franchise Owner! In addition, I'm a franchise ownership advisor. I teach people the best way to choose, research, and buy franchises.

  • http://www.bizsugar.com/ Heather Stone

    Hi Joel,
    The best motto in any business, I suppose, is to be prepared. No one can think of everything, of course, but thanks for getting us started with some really important tips. And thanks for sharing them with the BizSugar community.