In January 2020, Matthew Schor was an Allstate Agent limited to selling only one brand’s insurance products. He wanted access to more so he could help his customers get the right coverage at the right price. Schor heard about Brightway Insurance, researched the company and decided to attend a Day of Discovery (DOD) on March 20.
During the lockdown, businesses were forced to focus on switching to online and providing contactless service options. Now the situation has become even more complicated: businesses have to provide both pickup and delivery, as well as prepare locations for reopening. And the main focus here is to make each customer feel valuable and safe.
When COVID-19 started to infiltrate the U.S, we were faced with the same questions so many businesses were forced to address: How do we keep our team and our customers safe? And how do we continue operating to meet demand? The answer that was never in our playbook was to change our whole business model. And we had to do it quickly.
A strong franchise model is built to last. As is the case with all businesses, storms will come along, but they can be weathered when the organizational structure is rock-solid and everybody in the company is unified in purpose.
The importance of those vital qualities is magnified in essential businesses and how well they serve the public in challenging times, such as during this economic downturn for the nation. The value of such businesses grows when people know they can count on those services and products at a time they most need them.
On June 5, 2020 President Trump signed into law several critical fixes to the forgiveness terms of the Paycheck Protection Program (PPP), providing much needed relief for small business borrowers. While this is good news for loan recipients, it’s important to keep in mind these five key points for maximizing PPP loan forgiveness:
1. Keep Good Records
If investing in a franchise has been on your mind for a while, just consider what a great opportunity you have to own an essential business right now.
Many people who join franchise systems are drawn to the fact that you own your own business, but you are not alone in the venture. You have the franchisor and support staff on your side as you launch your business and confront challenges.
2020 has brought plenty of challenges, but it also has revealed some interesting information for franchise investors:
For most people, COVID-19 has had a major impact on how we interact with our families, how we work and how we think about the future.
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