Posted in Editorials

Building a Future

As I sit back and think ten years ahead in the future, what do I see? Well, first I’m hoping I’ll still be with the love of my life and my children would be on their way to being the next Disney Channel star in the making. I’ll be hopeful and say I’ll only have 10 years left on my mortgage and I’ll be debt free.

But, more than that, I want to be a successful entrepreneur striving for the top. I want to see myself teaching my kids the ropes of our family business (just in case their rise to stardom doesn’t work out), maybe making a few worthy investments, maximizing the benefits of stocks and bonds and utilizing capital in a smart way to be a thriving business person.

Looking ten years in the future really means examining life now, in the present. All of us have to start planning now for what’s to come and that means thinking business.

Franchises are a valuable investment if you’re looking for a low-cost credible start-up business. There are nearly a million franchised establishments in the U.S. consisting of food, retail, manufacturing, agricultural, health care, and professional services.  Franchisees, can have a higher chance of success than in a sole proprietorship and includes initial training and ongoing support, established brand awareness and the opportunity to benefit from national and regional advertising.

Buying into an established business has numerous benefits. You don’t have to devote your time and energy to brainstorm a business plan or develop a business model- the work is already done for you.

This not only includes the customers, but suppliers, employees, equipment, and systems as well. It is a good possibility that the previous owner(s) may offer some insight and assistance, therefore making the transition easier.

In addition, the cash flow most likely will start immediately, rather than in an unknown timeframe when starting a brand new business.

Each year, Franchise Business Review surveys thousands of franchise owners across North America and publishes a ranking of today’s top franchise opportunities based exclusively on owner satisfaction.

Just a few that made the list for 2015 include; Visiting Angels Senior Care, Budget Blinds, MaidPro, Two Men and a Truck, Home Care Assistance, Amada Senior Care and much more.  This list includes numerous franchises in the healthcare, automotive, Home Services and Senior Care sectors.

Don’t get me wrong, I do believe in starting a business from scratch, but whatever you choose, plan now and plan smart. One job is not cutting it nowadays.

Posted in Editorials

Summer Home Maintenance Tips

Rising temperatures and warm weather call for the beach and outdoor barbeques, but it’s also more of a reason to maintain your home to avoid hazardous wear and tear that can lead to unnecessary claims and higher premiums. Here are a few summer home maintenance tips to keep homeowners cool and safe this summer.

– Have your air conditioning tuned and ready to go. Inspect and maintain to prevent unwanted emergencies. Inspect refrigerant levels, coils are thoroughly cleaned, fan is functioning and there are no potential fire hazards with faulty wiring.

-Roof check- Your roof should be inspected annually to avoid problems. What better time to do this than summer. Don’t let small problems turn into a bigger issue.

– Maintain your driveways, walkways and decks. Being outdoors provides an opportunity to inspect your driveways and pavement for cracks and holes. The goal is to avoid accidents such as neighbors and guests slipping and falling. If you have a deck, inspect your deck for curling, cracked or rotting wood. Replace boards if needed. Ensure your deck support structure is sturdy. Doing your due diligence now, will avoid later possible home inspections and more time and money spent to repair.

– Upkeep your garage. Keep your garage clear of hazardous materials that shouldn’t be left in the heat such as paints, solvents, combustible materials, etc. Do a thorough cleaning to lock away fertilizers, pesticides and hand and power tools. Keeping your garage clean and maintained will avoid unnecessary spills, stains and possible hazardous accidents.

-Maintain the exterior of your home. Take advantage of the warm weather to wash the windows and gutter- water can debris can accumulate which can lead to water damage. Clean the sidings and repair any damaged vinyl or aluminum siding. Check and be aware of termite situations and remedy immediately. Home inspections are happening more regularly – Investing the time now, will save you a home modification later.

-Clean your dryer vent- The U.S. Fire Administration reports nearly 16,000 dryer fires occur annually, which happens because of clogged vents. Invest in a vent-cleaning brush kit which can help clean your dryer vent tubing more thoroughly.

-Maintaining appropriate insurance coverage. Ensuring you have proper coverage that can protect you when you need it most, is most important. Are you insured for windstorms, hurricane, fire, theft, etc. Have your policy reviewed every year and sit down with an experienced insurance company, such as Frank P. Rampersad Insurance, to receive the best tips and recommendations.

Contact Frank P. Rampersad Insurance at 718-845-7615 or visit us at 125-05 Liberty Avenue, Richmond Hill, NY 11419, for more homeowner safety and maintenance tips, and to learn more about your insurance policy.