Have you always dreamed of becoming your own boss but struggle with the overwhelming uncertainty of starting your own business? By owning a Fiesta Insurance Franchise could answer the calling to make your dreams come true. In particular, insurance franchises may present your ticket to financial independence and provide for your entrepreneurial spirit to take flight.
You don’t need to be an executive with decades of experience in the industry to acquire your own insurance franchise opportunity. Sure, you will need to obtain a license to sell insurance, which normally consists of a brief training program followed by an exam, but that’s it. The exact requirements vary somewhat by state. Other than that, a mindset for business and the drive to succeed are the only prerequisites.
If you were to open your own independent insurance business, you would need to find a way to gain serious knowledge before selling your first policy. With the backing of a strong franchise, however, you will receive all the proper training, operational procedures, and best practices before opening your doors. Even better, each employee you onboard will receive the same proven systems for top-tier training to provide a superior customer experience with every interaction.
If you’re worried about not having enough money to get started, insurance franchises are a wise choice over other businesses, as the average investment is much lower than other franchise options. Compared to popular fast food chains and many other industries where startup costs elevate into the range of seven figures, the insurance industry has a low barrier to entry.
Understanding that times are tough, plenty of financing options are available. The Small Business Administration (SBA), for example, has several loan options that are customized specifically to help franchisees.
Rest assured that the franchisor will have your back in times of need. Every business runs into obstacles. They could be in the form of training, supplies, marketing, office space, website, and more. Whatever the issue is, the franchisor will be there to help you through it. You won’t need to worry about figuring everything out on your own. Chances are, another franchisee has already run into the same problem.
Franchisors also have purchasing power when you need it. Every industry goes through technological change, and the insurance industry is no different. When new software emerges that makes your business easier to run and more profitable, every franchisor will jump on it. If your office location needs updating, they will support your effort to create a professionally polished place to conduct business. The rule of thumb is that your franchisor wants you to succeed. If you need resources to grow, you can lean on the big company to help get you there.
Here are the 7 steps to owning a Fiesta Insurance Franchise
Step 1: Initial Phone Consultation
We meet with you via phone or Zoom to explore your goals and provide you a thorough overview of our franchise opportunity.
Step 2: Officially Apply
Fill out our official application, take our McQuaig Assessment.
Step 3: FDD/Territory Discussion
We will walk you through our FDD (Franchise Disclosure Document) to provide you a better understanding of the initial investment, ongoing financial responsibilities, and potential earnings.
Step 4: Validation & MTTD Approval
We will help set up calls with existing franchise owners to have open conversation with people that are in the business you are exploring.
Step 5: MTTD (Meet the Team Day)
This is your opportunity to meet with the Fiesta Franchise team at our home office in Las Vegas, NV. This is the team that will support you going forward when you become a franchise owner. This team will also provide feedback on all of the candidates to decide on if they will be offered to join the franchise.
Step 6: Contract
Once approved, you will be able to sign the franchise agreement, pay your franchise fees, and begin your exciting journey.
Step 7: Onboarding
You will begin the process of onboarding with the operations team who will train you and guide you throughout.
You can embark on an exciting journey to owning a Fiesta Insurance Franchise. Your new business offers a much-needed service to an underserved, but growing population of your community. Don’t wait any longer! Contact us today to learn more about what it takes to become a Fiesta Franchise Owner!