Lisa Rendall

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What Is Cryptocurrency? Crypto Guide Cryptocurrencies usually utilize decentralized control instead of a reserve bank digital currency. When a cryptocurrency is minted or created prior to issuance or provided by a single provider, it is usually considered centralized. When carried out with decentralized control, each cryptocurrency resolves dispersed journal technology, generally a blockchain, that works as a public monetary transaction database. Bitcoin and other cryptocurrency trading are still permitted to be traded, however just by means of over-the-counter markets, which is a slower procedure that may increase credit threat. While the transactions and balances for a bitcoin account is recorded on the blockchain itself, the private key used to sign brand-new transactions is conserved inside the Ledger wallet. China has banned ICOs, contacted local exchanges to stop selling cryptocurrencies, and minimal mining. Additionally, lots of banks do not offer services for cryptocurrencies and can refuse to provide services to virtual-currency business. Mining is the "glue" that holds together many cryptocurrencies, consisting of Ethereum, by guaranteeing that the network pertains to agreement on each and every modification made in the system. Ethereum doesn't simply power a cryptocurrency-- it also offers a platform for developing decentralized apps that give users more control of their data by doing away with intermediaries. The applications on Ethereum are worked on ether, its platform-specific cryptographic token. When you try to create a brand-new transaction, your computer asks the wallet to sign it and then relays it to the blockchain. The transaction is secured with your personal secret and pressed to the blockchain. They are provided and stated legal tender by a central government and normally don't utilize a distributed ledger, such as a blockchain, to keep a record of deals. In fact, individuals's Bank of China has actually been establishing its own prototype cryptocurrency and wants to be the first central bank to provide digital money. There is a possibility that you might sustain a loss equal to or greater than your whole investment no matter which property class you trade; therefore, you need to not invest or run the risk of cash that you can not manage to lose. China also just recently cracked down on a cryptocurrency loophole that permitted Chinese investors to trade crypto properties on abroad exchanges. Cryptocurrency wallets are essential for users to send and receive digital currency and monitor their balance. However, it wants to preserve full control of these transactions. Cryptocurrency is a digital payment system that doesn't rely on banks to validate deals. Regulators in several countries have actually cautioned against cryptocurrency and some have taken concrete regulative procedures to discourage users. Among the features cryptocurrency does not have in comparison to charge card, for example, is consumer protection versus scams, such as chargebacks. Miners are paid to be this glue, getting granted the "fresh" tokens of the cryptocurrency as their computer systems carry out calculations that unlock them. You might have heard that many nation-states and reserve banks are working on creating their own variations of digital currency. As a matter of fact, they're frequently jointly described as reserve bank digital currencies. https://vimeopro.com/beessocial/blockchain-smart-contracts https://www.youtube.com/c/BeesSocialTV/ https://www.facebook.com/groups/beessocalforyou https://www.reddit.com/user/BEESSocial What is Yield Farming? How do Yield Farmers Make Money? https://www.academia.edu/47791963/What_is_Yield_Farming_Crypto_and_How_Do_Yield_Farmers_Make_Money https://vimeopro.com/beessocial/yield-farming/video/530441914 Watch Video

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Should You Buy Cryptocurrency? Cryptocurrencies typically use decentralized control instead of a central bank digital currency. When a cryptocurrency is minted or created prior to issuance or provided by a single company, it is typically thought about centralized. When executed with decentralized control, each cryptocurrency works through dispersed ledger technology, normally a blockchain, that works as a public financial transaction database. Bitcoin and other cryptocurrency trading are still allowed to be traded, but only through over the counter markets, which is a slower procedure that might increase credit threat. While the deals and balances for a bitcoin account is tape-recorded on the blockchain itself, the private secret used to sign brand-new deals is saved inside the Ledger wallet. China has prohibited ICOs, called on local exchanges to stop selling cryptocurrencies, and restricted mining. Furthermore, numerous banks do not offer services for cryptocurrencies and can refuse to provide services to virtual-currency companies. Mining is the "glue" that holds together lots of cryptocurrencies, including Ethereum, by making sure that the network comes to agreement on each and every modification made in the system. Ethereum does not simply power a cryptocurrency-- it also supplies a platform for developing decentralized apps that provide users more control of their information by eliminating intermediaries. The applications on Ethereum are run on ether, its platform-specific cryptographic token. When you try to produce a brand-new transaction, your computer system asks the wallet to sign it and then transmits it to the blockchain. The transaction is encrypted with your personal secret and pressed to the blockchain. They are provided and declared legal tender by a central government and usually do not use a distributed journal, such as a blockchain, to keep a record of deals. In fact, individuals's Bank of China has actually been developing its own prototype cryptocurrency and wants to be the very first reserve bank to issue digital money. There is a possibility that you might sustain a loss equal to or greater than your entire financial investment despite which asset class you trade; therefore, you ought to not invest or run the risk of money that you can not pay for to lose. China likewise just recently punished a cryptocurrency loophole that enabled Chinese investors to trade crypto assets on overseas exchanges. Cryptocurrency wallets are required for users to send and get digital currency and monitor their balance. Nevertheless, it wants to preserve full control of these transactions. Cryptocurrency is a digital payment system that does not count on banks to confirm deals. Regulators in a number of countries have alerted against cryptocurrency and some have taken concrete regulatory measures to deter users. One of the features cryptocurrency does not have in contrast to credit cards, for example, is customer protection against fraud, such as chargebacks. Miners are paid to be this glue, getting awarded the "fresh" tokens of the cryptocurrency as their computer systems perform estimations that open them. You might have heard that numerous nation-states and central banks are dealing with producing their own versions of digital currency. As a matter of fact, they're frequently collectively described as central bank digital currencies. https://vimeopro.com/beessocial/blockchain-smart-contracts https://www.youtube.com/c/BeesSocialTV/ https://www.facebook.com/groups/beessocalforyou https://www.linkedin.com/company/cryptoswarm/ What is DeFi? - Decentralized Finance on the Blockchain https://www.academia.edu/47790730/What_is_DeFi_Decentralized_Finance_Yield_Farming_Part_1 https://vimeopro.com/beessocial/yield-farming/video/524025857 Watch Video

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Tyler Tysdal How to Sell Your Business

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Why You Need To Forget Everything You’ve Heard About “Location, Location, Location”

New Post From The Franchise King®

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  It used to be that location meant everything. Covid-19 has changed that.

For instance, if you were looking to buy a Subway franchise, you were told that “the location is key.” For the most part it was. In fact, choosing a good great location for your franchise business has always been a crucial piece of the puzzle.

  Note: investing in a franchise is a fairly complex undertaking. It’s definitely one that should be done with the help of experts.

Speaking of experts, most franchisors that require a location have a dedicated real estate person on staff (sometimes an entire department). Their job is to help you find suitable property to lease for your new franchise business. And they’re probably experts at it.

With that in mind, you should know that they usually have real estate contacts in local markets. However, it’s likely that they don’t know your area like you do.

In view of that, it’s important for you to listen to their ideas. At the same time, you need to remember that ultimately, both parties (you and your franchisor) need to agree on the location. In other words, you do have some leverage.

Equally important, and a point often overlooked, is the fact that the franchisor needs the location to be an excellent one. That’s because the better the location, the better the chances are that the franchisee (you) will make money.

Franchise Rule #1

In franchising, the more money the franchisee makes, the more money the franchisor makes.

    It’s Survey Time

The Washington Post and the University of Maryland just did a survey about consumer shopping habits. The results are ugly.

They found that while a majority of consumers (56%) are comfortable shopping in a grocery store, 67% are not comfortable with the idea of going into a retail clothing store and 78% don’t want to go into a restaurant for a sit-down meal. Feel me?

The results of another survey, this one focused on retail space, stated that “more than 15,000 stores could shutter in 2020, far surpassing 2019’s record 9,548 closures.” I’m actually convinced that number is going to be higher, but let’s stick with theirs for now.

  Some Cold, Hard Facts About “Location, Location, Location”

To begin with, It’s no secret that Amazon, and to some extent, Wayfair, and the like, have been hammering the crap out of retail stores. Even so, the potential store closure numbers above are off the charts.

  Hammertime – Teamwork GIF from Teamwork GIFs

  As if that’s not enough, rising rents and more competition have made it tougher for more than a few retailers and food franchise businesses to gain enough market share to be profitable.

In view of that, my question to you is this:

Are “locations” as important as they were a few, short months ago?

It’s something to ponder.

    How Important Is Location In An Amazon, Covid-19 World?

Without question, if you’re buying a franchise that requires a commercial space, location is still important. But, again, is it as important as it was last year… or even a few months ago?

Suddenly, it depends on the type of business it is. How weird is that?

For example, if you own a pizza franchise like Domino’s, where delivery is the focus, your location isn’t that important. It just needs to be easy for your employees to get to. Case-in-point: they can’t hire delivery drivers fast enough!

So if you’re interested in buying a food franchise with serious delivery revenue-like Domino’s or Little Caesar’s, instead of looking for space in a high-visibility strip center, you may permitted to investigate alternative (and cheaper) locations to setup your business.

  Franchise Location Alternatives

One idea for your franchise location; rent space in a secondary strip center. It would be less visible, but it shouldn’t matter that much. 

Better yet, you could take a look at putting your store in a light industrial park. As long as it was easily accessible for your drivers and the few customers who would pick up their food themselves, it should work.

As a result, you should be able to reduce the cost of rent. That means more money for you!

Finally, what about sit-down restaurants?

In a nutshell, full-service restaurant franchises, like Eggs Up Grill, are a different story.

I say that because most full-service restaurants may not have full dining rooms again for a while-because of social distancing guidelines. That’s horrible news for franchisees who’ve invested hundreds of thousands of dollars into these franchises.

That said, if you’re the owner of a full-service food franchise, there are two things you can do to try to keep your business afloat until things change.

Sit down with your accountant and go through all of your expenses, line-by-line. Get them down to the bare minimum, and then go back and chop them more.

Call the CEO of your franchise.

The reason you need to do make that call is to see if you can work something out.

Maybe you can negotiate a lower monthly royalty, or even a complete royalty payment waiver for a set amount of time. Believe me, your franchisor does not want to see you go under, as it’s not a good look for the company.     

  (Image Courtesy of Phillip Pessar, Flickr)

Are You Still Bound And Determined To Purchase A Retail Franchise Or A Food Franchise?

If you’ve been leaning towards franchise opportunities that require a physical location, have you started to change your thinking a bit? If so, I certainly can’t blame you. But wait. There may be an opportunity for you here.

Namely, have you thought about the fact that commercial space is going to be plentiful in the coming months?

Translation: if there’s a lot of empty retail space around, landlords are going to deal more. With that in mind…

I hereby decree that the law of supply and demand is now in force.  

What does that mean for you?

In a nutshell, cheaper rent.

Imagine for a moment how nice it would be if you could score a prime piece of super-visible space that normally goes for $8,000 a month…for only $5000 a month?

If that happened, you just lowered your expenses 25%. That’s huge! Think about what you could do* with that money?

*I would take some of it and invest in marketing. But that’s me.

The bottom line?

If you purchase a location-based franchise this year, chances are rather good you’ll be paying less for it. Plus, you’ll have more choices.  

  This Needs To Be Said

It’s a fact that (some) property owners have had a reputation for being rather difficult to deal with.

Not only that, some of the prices they’ve been charging over the years for their commercial spaces have been outrageous. It’s not a good combination.  

Is it any wonder that retail and restaurants close so often?

Tip: Make sure you hire an attorney who’s familiar with commercial leases. They’re wordy, complicated, and they totally favor the landlord.

  Where Do You Stand?

Without question, Covid-19 has changed the way we do business.

Will it be a permanent one?

Only time will tell.

Do you think you should forget everything you’ve heard about “location, location, location?”

Or, will your choice of location once again determine your chances of success as a franchise business owner?

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The post Why You Need To Forget Everything You’ve Heard About “Location, Location, Location” appeared first on Best Franchise To Own | The Franchise King®.

originally posted at http://feedproxy.google.com/~r/TheFranchiseKing/~3/-VgTxEwdChQ/location-location-location

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A Franchise Owner Discusses Due Diligence in Researching Opportunities

If you’re planning to invest in a franchise business, you owe it to yourself to do your due diligence before committing to a particular brand. After all, you’ll be investing significant time, money and resources, so it pays to be thorough. originally posted at http://www.franchisegator.com/articles/franchise-owner-discusses-due-diligence/

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The Hot New Way To Find A Profitable, Pandemic-Proof Franchise To Buy

New Post From The Franchise King®

(Valvoline® Image courtesy of jeepersmedia on Flickr)

I know what you’re asking yourself.

“Should I really be looking for a franchise to buy right now? In the middle of the pandemic?”

Guess what? If I was thinking about becoming my own boss I’d be asking myself the same thing. And I probably wouldn’t be sharing that thought with others because they would think I was nuts.

It’s clearly a crazy idea, right? Too risky.

You’re going to buy a franchise right now?

During the End Times?

(It’s not the End Times. This will pass.)

So, stay with me. The things I’m going to share with you will make sense. I promise.

  The Pandemic: I Have Good News And Bad News

First, the good news: pandemics don’t last forever. The latest prediction is that this one may last anywhere from 18 to 24 months. And believe it or not, that is good news. It is going to pass.

The bad news: the world economy is being hit hard. And no one knows when things will return back to normal.

In light of that, you should probably hunker down. Wait things out for a bit. It’s the safer thing to do. And I can’t blame you.

  Except playing it safe won’t get you very far.

“We really only have two choices. Play it safe or take a chance. For me, pulling back because of fear has always made me feel worse.”

– Gail Sheehy

Now, in a moment, I’m going to get to the heart of the matter…how to find Coronavirus-proof franchise opportunities.

Royal Hint: Every franchise can be grouped into one very, very, very, very specific business sector. One.

But before I reveal what it is, you first need to look inside yourself a bit, because going into business is a big step. Let’s make sure you’re ready.

  Look At Your Life

This is a great time for you to evaluate your life up to now. Especially if you’re thinking of going into a franchise business now.

This 3-minute video may help you get in the mood to do it.

Great song. Anyway…

I encourage you to take some “me time.”

That means taking stock of your life.

Are you happy where you’re at, or do you have more to do?

And remember…

“If you don’t design your own life plan, chances are you’ll fall into someone else’s plan. And guess what they have planned for you? Not much.”

– Jim Rohn

Finally, it’s not as if you’re alone in this. A lot of your fellow travelers are at a crossroads. But I only want to talk about you now. About a road you can take. One that’s proven.

  Franchising

When it comes to going into business for yourself, there are 3 ways to do it. You can:

Come up with an idea for a business and launch it

Purchase someone else’s existing business

Buy a franchise

I’m going with the last one.

Because when you own a franchise, you get:

A proven business model

A business system that’s been tested

Support

Technology that helps drive revenue

Turnkey marketing programs

Name recognition

Vetted suppliers

A built-in network of fellow franchisees to talk to

That’s good stuff, right? And I’ve only scratched the surface. Now for the easy part.

Choosing the right franchise opportunity to own.

Picking one franchise.

One out of 3500.

In fact, there are currently over 3500 different franchise opportunities being offered in the U.S. But don’t let that number worry you, because I’m going to show you how to quickly narrow your search down to only a few.

  The Franchise Segments You Need To Focus On

This pandemic has rocked the franchise world.

Every franchise business has been affected one way or another.

However, some have fared better than others. And those are the ones I want you to focus on.

Sounds pretty simple, right? Well, it’s not.

Case in point: fast food franchises.

  To be sure, you don’t need to be a rocket scientist to figure out that fast food franchises that offer drive-thru service, curbside pickup, and delivery are doing pretty well.

(Pictured: NASA rocket scientists.)

It’s as if fast food restaurants were designed for pandemics.

Maybe McDonald’s entrepreneur, Ray Kroc, more of a visionary than previously thought.

With that in mind, it would behoove you to take a look at the fast food segment of franchising. It’s a segment that can be a very profitable venture (as long as you choose the right concept).

Of course you need to have adequate capital, a lot of energy, and good management skills to qualify for today’s food franchise opportunities.

But what if you don’t see yourself working 14 hours a day in a hectic, fast-paced environment? (Not that there’s anything wrong with it.)

In other words, what if you’re not at all interested in owning a food franchise?

What if you want to find other types of franchises to learn more about?

I’m referring to other franchises that can do well in times like these.

If that’s the case, give me a second. I need to get out of my chair and peel back the curtain.

  There we go.

  The Hot, New Way To Find The Right Franchise To Buy

This is the moment you’ve been waiting for.

If you want to find profitable franchise opportunities that make sense to pursue during this pandemic, I’m talking about bullet-proof franchises, you need to focus on these two words: essential businesses.

Now, I’m not going to jump into a debate about what businesses are deemed “essential” and which ones are not. It’s a waste of time. But you need to key in on essential businesses.

That said, I have been able to identify essential businesses within the franchise industry. Like:

Healthcare Services

This Pet-Related Franchise

Automotive Franchises

Cleaning Franchises

Plus a lot of other franchise opportunities you need to know about. The essential ones.

As a matter of fact, I put together a massive list of pandemic-proof franchise opportunities you can start learning about right now.

List Of Pandemic-Proof Franchises

Just make sure you head back here after you look at the list.

But only if you want to learn how to make a smart choice in a franchise to buy.

  What To Do When You Find A Franchise That May Makes Sense To Buy In Times Like These

Finding franchises you think have potential is one thing. Doing the work needed to make sure they’re winners is quite another.

The best thing you can do (right now) is to read and bookmark my step-by-step guide on how to buy a franchise. Everything you need to know about buying a franchise in a really smart way is included in it.

Next, if you’ve found a couple of franchises that look promising, you need to grab “The Definitive Guide To Franchise Research.” Click the link to see why you need my all-encompassing guide.

Third, if you start getting close to buying a specific franchise, hire a competent franchise attorney to go over the FDD and the franchise agreement. That way you’ll be able to sleep at night.

To conclude, the hot, new way to search for the right franchise to buy is pretty simple.

Only look at franchises that must stay open during a pandemic, or that can adapt (with proof) their business model to the current conditions.

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The post The Hot New Way To Find A Profitable, Pandemic-Proof Franchise To Buy appeared first on Best Franchise To Own | The Franchise King®.

originally posted at http://feedproxy.google.com/~r/TheFranchiseKing/~3/WdhsIxNy1xY/franchise-to-buy-pandemic

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Have You Thought About Getting A Small Business Line of Credit?

New Post From The Franchise King®

(The topic of this Sponsored Post, a Small Business Line Of Credit and what it may be able to do for your franchise business, from Financing Solutions, is worth a read.)

You have already done the hard work. You bought your franchise, but like all good businesses, there are ups and downs…especially when it comes to cash flow. Maybe you’re even ready to open another franchise.

With that being said, is small business line of credit the right type of financing for your franchise/small business? Let’s find out.

In this post, I’m going to go over:

What is a Business Line of Credit (LOC)?

Why would you want a  line of credit for your franchise?

Where should you go for a business line of credit?

Other benefits of a credit line

  What Is A Small Business Line Of Credit?

A business line of credit is an agreed amount of money that you can have access to during a specified period of time. Credit lines are often set up by small business owners for emergencies or opportunities that come up. The funds are often unrestricted meaning that you could use the funds for whatever you feel is necessary.

  Why Should You Look Into A Business LOC For Your Franchise?

  Unlike other types of financing for your franchise, a line of credit is pre-approved so you can have immediate access to cash. A regular business loan or an SBA loan takes months to get in place requiring lots of planning and time.

Many business owners have a line of credit for their business for emergencies such as when important equipment needs to be repaired or replaced. There is a multitude of emergencies that can come up that could happen at any time. Credit lines are most often used when cash flow is down and payroll has to be paid.

A line of credit could also be really valuable when there is a new opportunity where time is of the essence. With franchises, a credit line can come in really handy when you see the chance to buy another existing franchise where the owner wants out now.

Another opportunity could come up where you get a chance to buy something at a dirt-cheap price. Having a line of credit could really be the difference in you taking advantage of unexpected opportunities.

  Where To Go For A Business Line Of Credit

A bank is always the first place businesses will turn to for a line of credit. There are some advantages and disadvantages when working with a bank.

The advantages are that in general, bank lines of credit are inexpensive but that does depend on how much you plan on using it. If you plan on using your line often then a bank is the place to turn to.

If you don’t plan on using your line much then a bank could be more expensive. Banks will charge you an application fee and a yearly maintenance fee regardless if the line is used.

The disadvantages are that a bank credit line will require collateral and a personal guarantee which can be tough to have. In addition, getting a credit line in place will take months to set up.

A bank will be looking for you to have at least a 700 credit personal credit score and enough assets to back up the credit line. With a personal guarantee, you will be pledging your personal assets which will mean that if your business fails then those assets, like your house, will be forfeited. Also, a spouse will be required to sign the LOC if they are on the deed for any of the pledged property.

Alternative Lenders

Over the last few years, a number of companies are now competing with banks and offering business credit lines with no personal guarantees. These lines of credit can be cheaper than a bank line and are easier to get in place.

Why are alternative lenders willing to work with a franchise? Alternative lenders have learned that a franchise owner will not default so the credit line’s offered are now easier and cheaper than most banks

  Other Benefits Of A Small Business Line Of Credit

The other benefits of a business credit line is unlike a home equity line of credit, the interest or fees can be written off on your taxes.

Setting up a credit line allows you to act fast and sleep well at night. You will know that if something comes up, you can weather the storm. A good business person is someone who doesn’t wait for something to happen. They plan.

There is a variety of financing for your franchise. A business LOC is for when your franchise is already operating. It is a great cash back up plan and the time to get it in place is when you don’t need it.

(Written for The Franchise King Blog by Stephen Halasnik, Managing Partner of Financing Solutions. They are a leading provider of lines of credit to businesses.)

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originally posted at http://feedproxy.google.com/~r/TheFranchiseKing/~3/jKASJM76EWg/small-business-line-of-credit

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List Of Essential Franchise Businesses That Are Open During The COVID-19 Outbreak

New Post From The Franchise King®

Did you ever think there would be a time in your life in which only “essential businesses” would be allowed to remain open? Me either.

That said, when it comes to determine what’s essential and what’s not, states, cities and towns decide. But some businesses have been deemed essential by pretty much everybody. In any event, it is what is is.

That’s why I thought it would be interesting (and maybe even useful) to put a list of essential franchise businesses together. Times being what they are. But I actually have two reasons for doing it.

First off, as a consumer, it’s nice to know what’s open and what’s not. All of us still need products and services to live our lives. So feel free to bookmark this post for future reference. You never know what you’ll need.

Second of all, if you’re looking to become the owner of a franchise someday, knowing which ones are essential franchise businesses (as opposed to which ones are non-essential businesses) up your game in a serious way.

That’s because you won’t have to guess if your business will be affected by an unforeseen event, like a Coronavirus outbreak for instance.

  Attention: Franchise Business Buyers

Franchise Buying Tip: When you do your franchise research (with the help of “The Definitive Guide To Franchise Research“), you need to ask the following (new) question when you’re talking to the franchise development representative:

“Is this franchise business considered to be an essential business?”

If you’d like to know what other crucial questions you need to ask franchisors and franchisees when you’re doing your research, grab my guide. I’ve included 75+ of the best questions to ask, so you can the facts you need to make a smart, profitable choice in a franchise to own. Click The Cover Now!

Now, before I begin, I want you to know that if you feel I missed a franchise business that’s essential, you can add it (with a link to the web page) to the comment section below. Okay?

  List Of Essential Businesses (Franchises) That Are Open

The following franchise businesses are-or should be deemed “essential,” and should remain open at all costs.

  via GIFER

  Disaster, Recovery And Restoration Franchises

From an article I wrote for The U.S. Small Business Administration:

“Tornadoes, hurricanes, floods, and fires destroy homes and business every year. The homes and businesses affected need to be cleaned up and restored back to their original condition.”

Basically, evil, highly contagious viruses have no problem living on surfaces that have been destroyed and/or altered by natural disasters. They go on doing what they do.

That’s why franchise businesses like Rainbow International Restoration, SERVPRO and the like need to stay open. They help people get back into their homes and offices.

In addition to the crucial cleanup these businesses do after floods, tornadoes and other natural disasters, they also perform another important job. They get rid of black mold that grows in basements and other areas of homes and businesses.

Here is some information about black mold, from Medicinenet.com:

“Sometimes, people may develop severe reactions to mold exposure. Symptoms of severe reactions, which are uncommon, include fever and difficulty breathing. People with compromised immune systems or patients with chronic lung disease can develop serious infections of the lungs due to molds.”

The Bottom Line?

It’s essential for black mold to be removed.

And that makes it essential that franchise businesses that do mold remediation (and disaster cleanup) remain open.

  Automotive Franchises

Almost without exception, the types of automotive franchise businesses that need to remain open are the ones focused on repair.

For instance, if you’re out driving and a half-dollar sized pebble gets kicked up by the car in front of you and cracks your windshield, it’s essential for you to get it repaired.

First off, it’s dangerous to drive around with a broken windshield, as the break can quickly become larger and well…

Second of all, if your vehicle is used for work-or to go to work, if you can’t drive it you can’t bring home a paycheck.

Now, the same goes for a mechanical problem. If it’s preventing you from going to your job and earning a living, it needs to get repaired.

If that’s the case, automotive franchises like Meineke Car Care Centers, AAMCO or others, can you get back on the road so you can feed your family. It’s pretty essential that you have the ability to do that, huh?

  Pet-Related Businesses

Did you know that retail stores like Pet Supplies Plus® are open for business, and that they’re deemed to be essential?

The reason?

A lot of people own pets and all pets need food.

Another pet-related franchise business that’s been open for business since the Coronavirus appeared?

Pet Butler. (Marketing client)

Do you know why?

Because part of what Pet Butler franchise owners and/or their employees do, is scoop poop. Dog poop. And dog poop is bad.

According to the experts at Pet Butler, “Hookworms, roundworms, and whipworms are commonly known gastrointestinal parasites that shed eggs in dog feces. Human activities such as gardening, walking barefoot in the yard, or playing sports increase the risk of encountering those parasite eggs and subsequent larvae.”

In other words, it’s a public health hazard to leave dog poop around.

So please make sure you don’t leave it around.

Or just call Pet Butler. Your local franchise owner will get it handled.

  Packing And Shipping Franchises

One franchise business segment that is seemingly immune to the COVID-19 outbreak is the packing and shipping segment. But is it really an essential business?

  (Graphic courtesy of The UPS Store® consumer website)

We’ll go with a yes. The UPS Store, Postnet® (some stores may have limited hours, or not be open, depending on the area), Craters & Freighters and others have been designated as essential businesses.

And if it wasn’t for franchises like the ones I mentioned above, it would be quite challenging to get the items we are forced to purchase online shipped to us.

  Fast Food Franchises

I’m willing to bet that you’ve sat (semi-patiently) in the drive-thru line at one of your local fast food franchise operations.

Admittedly, I’m not a huge fan of drive-thrus.

But when you’re not permitted to walk into a restaurant to order-or even eat a meal, drive-thrus are the bomb. And these days, most food franchises have drive-thrus or possibly (now) curbside pickup.

Better yet, in most cases, if you have the right App, you don’t even need to touch paper money, as you can pay through your App. Taco Bell here I come!

Furthermore, almost every food franchise is now offering delivery, so you don’t have to leave the house-or your job.

FYI: Did you see what I wrote about the growth of delivery?

    Pest Control Franchises

There is no doubt that bugs carry diseases.

In addition, some of them bite or sting. And sometimes they build nests in your home. That’s a problem.

  That’s why pest control companies like Orkin® are considered to be essential businesses.

  Home Service Franchises

If pest control services fall into the essential category, there must be others in the home-services arena that do too.

Well, there are. Check out what Massachusetts Governor Charlie Baker recently proclaimed:

“Workers such as plumbers, electricians, exterminators, inspectors and other service providers who provide services that are necessary to maintaining the safety, sanitation, and essential operation of residences, construction sites and projects, and needed facilities.” More

  To that end, the following franchise businesses (and their competitors) all get to remain open. Yes!

Mr. Handyman

Mister Sparky

Pillar To Post

Rooter-Man

Maid Brigade

Heaven’s Best Carpet Cleaning

  Senior Care Franchises

Without a doubt, caregivers who work with our senior citizens are critical. Especially now. And there are dozens of senior care franchise businesses, with thousands of local franchisees all over the country. And these franchisees employ thousands of healthcare workers. But they have to do things right. Especially now. Case in point, BrightStar Care.

From their website:

“Every locally owned and operated BrightStar Care agency follows The Joint Commission National Patient Safety Goals, including infection prevention, which minimizes the risks of disease transmission as seen in viruses like COVID-19. Each of the preventative measures recommended by the CDC are already standard practice across our agencies, and all professional care staff complete stringent training administered by a Registered Nurse on topics critical to keeping clients safe such as infection control (IC), proper hand washing, and cough and cold etiquette. As a best practice, we follow both Joint Commission and CDC guidelines.”

That’s how to do it, folks.

Go here to see a list of senior care franchises.

  Moving Companies

Is it time to move?

If so, moving businesses are definitely up and running. And one of them, the TWO MEN AND A TRUCK franchise, changed everything (in the moving business).

  By “everything,” they forced independent moving companies to step up their marketing and advertising game. Why?

Because there was finally a brand. One everyday consumers could relate too.

But is TWO MEN AND A TRUCK still operating during the COVID-19 crisis?

From their consumer website:

“Yes, our independently owned and operated locations, across 44 states, are still in operation. To confirm a specific location you’ve booked with is still operating, you can contact them directly at their office. If you aren’t sure how to reach them, call 877.720.0411. When calling this number, you will be asked to provide your ZIP code to connect you to your nearest location.”

Are you looking for a mover?

In conclusion, it’s important to know which businesses are open and which ones are closed during times like these.

And now you have a (partial) list of the ones that are open.

Essential businesses.

Essential franchise businesses.

P.S. If you know of a franchise business that’s been deemed essential, and it’s not here, go ahead and put the name of the franchise and a link to the website in the comment section below. You never know who may see it.

  FAQ’s

Who decides what businesses are essential?

State and local goverments decide what are essential and non-essential businesses.

What are considered to be essential franchise businesses?

Disaster and Recovery Franchises, Packing and Shipping Franchises and most Food Franchises to name just a few.

Are pet franchise businesses considered to be essential businesses?

Some, like ones that pick up dog feces are, because feces can carry disease, which is considered to be a public health hazard. In addition, pet supplies stores can remain open since they sell food and some medicines.

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The post List Of Essential Franchise Businesses That Are Open During The COVID-19 Outbreak appeared first on Best Franchise To Own | The Franchise King®.

originally posted at http://feedproxy.google.com/~r/TheFranchiseKing/~3/-ElAGVyL-hU/essential-businesses

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Fast Food Delivery, Covid-19 And More

New Post From The Franchise King®

  When I penned “The 2020 Franchise Trends” earlier this year, little did I know that the #1 trend I predicted, delivery, would explode the way it has. Unfortunately, it comes with a cost.

That cost is COVID-19.

  Coronavirus And Delivery

The Coronavirus (as of this writing) is taking an enormous amount of lives here in the U.S and around the world. It’s also changing our everyday lives in just about every way possible.

For example, businesses that are used to seeing billions of dollars in annual revenue are laying workers off.

In addition, small businesses, franchises included, are temporarily (hopefully) shutting down, or, in the case of fast food establishments, only open for carry out and delivery.

Coronovirus Updates For The Franchising Industry

  Fast Food Delivery

Here are 3 popular fast food franchises that are offering delivery:

KFC

Taco Bell

Domino’s Pizza

And more.

Are you getting your food delivered from franchise businesses near you, or are you getting complete meals delivered once a week?

Either way, fast food delivery is becoming crazy-popular now, and will continue to be a go-to service this year and beyond. But it’s not just food that’s being delivered.

  Product Delivery

It seems that everyone I know is running short of things like toilet paper, paper towels, and even bread. Who would have thunk it?

And since local grocery stores and drug stores can’t seem to keep those items in stock, consumers are forced to go online to order them with the hope they’ll be delivered in time. Crazy. Maybe we should have been more prepared.

Wait.

How could we have?

It’s not like we were privy to the information our current President received waaaay back in January.

From The Independent:

Intelligence agencies ‘have been warning on this since January‘, said a US official who had access to intelligence reporting that was disseminated to members of congress and their staff as well as to officials in the Trump administration, and who, along with others, spoke on the condition of anonymity to describe sensitive information.

‘Donald Trump may not have been expecting this, but a lot of other people in the government were – they just couldn’t get him to do anything about it,’ this official said. ”The system was blinking red.’

In any case, we are where we are, right?

In delivery mode.

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The post Fast Food Delivery, Covid-19 And More appeared first on Best Franchise To Own | The Franchise King®.

originally posted at http://feedproxy.google.com/~r/TheFranchiseKing/~3/_5t7Tb4ttd4/fast-food-delivery

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Fit Body Boot Camp Fitness Franchises Weather The Storm

Fitness Franchise Fit Body Boot Camp serves members and franchise owners with adaptive business model. WWG1WGA, Thank You POTUS.

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Fit Body Boot Camp Helping People Workout From Home During Corona Virus

Fit Body Boot Camp is supporting scientific research with a 28 day workout from home plan. Learn more at https://fitbodybootcamp.com

Fit Body Boot Camp's Bedros Keulian on Fox News

Watch the latest video at foxnews.com

Originally posted on Fit Body Boot Camp Helping People Workout From Home During Corona Virus

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Opening a Franchise? 3 Common Financing Fears and How to Face Them

In many cases, a tried-and-true business model with built-in brand recognition can make it easier for your franchise to qualify for a loan. Especially if you’ve been in business for a few years or you already own a few franchises. originally posted at http://www.franchisegator.com/articles/facing-franchise-financing-fears-12771/

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3 Things You Need To Know About That Fast Food Franchise Down The Street In Times Like These

New Post From The Franchise King®

March 20, 2020

This sucks. And the “not knowing” is the hardest part.

How soon will the coronavirus invade your neighborhood?

Will it creep in or burst in?

Are you going to be cooped up inside for a month or more?

Can the Federal Government help?

Those are just a few of the questions all of us are asking ourselves this first…er…second day of Spring, 2020.

So why do I want to talk to you about your neighborhood fast food franchises now?

Because there’s stuff you need to know about them. Important stuff, especially in times like these.

  Fast Food Franchises: 3 Things You Need To Know Now

1. As of this writing, fast food restaurants have been allowed to remain open.

This is good news, because if it gets to the point where we need to stay home-except to get food and gas, having drive-thru’s open at fast food franchises near you will be a good thing. In addition, if you have a Smartphone and an App, you can get your food delivered.

2. The fast food franchise down the street from you is not owned by a corporation.

Contrary to what you may have read in an article or have seen on a video, 9 times out of 10, one of your neighbors probably owns the Taco Bell or McDonald’s located down the road a piece.

Again, almost all of the fast food franchises in your area are owned by someone who risked his or her own money to be in business for themselves.

3. See #2.

  Here’s My Point

I want you to buy some of your food at a fast food franchise near you.

Because by doing so, you’re helping a small business owner stay in business.

This owner…this franchisee, employs dozens of high school kids who live near you.

In addition, the fast food franchise down the street from your house business pays local taxes.

And while it’s true that (in most cases) the food served in fast food restaurants isn’t exactly healthy, it’s an option that can’t be ignored in times like these.

So spend some money at your local fast food franchise.

Please.

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originally posted at http://feedproxy.google.com/~r/TheFranchiseKing/~3/Ve8_KYi9kVA/local-fast-food-franchises

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How Will Coronavirus Affect Your Franchise Search?

The Covid-19 pandemic has created a level of uncertainty, stress, and confusion unlike anything we have seen in our lifetime.   In large portions of the U. originally posted at http://www.franchisegator.com/articles/coronavirus-and-franchising-12769/

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Tyler Tysdal | MagCloud

Tyler Tysdal is a lifelong entrepreneur helping fellow entrepreneurs sell their business for maximum value as Managing Director of Freedom Factory, the World’s Best Business Broker. Freedom Tyler Tysdal Factory helps entrepreneurs with the biggest deal of their lives. Contact Information Freedom Factory Address: 5500 Greenwood Plaza Blvd #230, Greenwood Village, CO, 80111 Call Now:[phone] External Links Steepster Wattpad Reverbnation Creativelive Quora Ello

Tyler Tivis Tysdal Denver - Settlement Press

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Tyler Tysdal

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Tyler Tysdal Denver Colorado