The Franchise King®

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.

 





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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.

franchise business safe

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.



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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 Author
Joel Libava is The Franchise King® — an independent franchise advisor with 25+ years in the industry, two published books on franchising, and his writing has been featured in The New York Times, Forbes, CNBC, Entrepreneur® Magazine and others. In addition, he wrote exclusively for the U.S. Small Business Administration blog for eight years. He doesn't sell franchises. Instead, Joel helps you figure out if franchise ownership is actually right for you — and if it is, teaches you his powerful, proven-to-work franchise research techniques, so you can make a smart, informed decision on a franchise to own and be your own boss.

Note: When you buy through links on this website, we may earn an affiliate commission.
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Thinking About Buying a Franchise? Read Below.

Most people looking at franchise ownership get overwhelmed fast—high-pressure sales tactics, confusing Franchise Disclosure Documents (FDDs), franchise brokers pushing deals, and expensive mistakes waiting to happen.

That’s where I come in.

I’m The Franchise King®, Joel Libava.

For more than 25 years, I’ve helped thousands of aspiring franchise owners learn how to properly research, evaluate, and buy a franchise—the smart way.

I’m not a franchise broker. I’m not here to sell you a franchise.

Instead, I’m here to help you avoid costly mistakes, ask better questions, and make a confident decision before you invest your money.

If you want honest, practical franchise advice from someone who puts buyers first—you’re in the right place.
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