Your Own Franchise Research Paper Example | Topics and Well Written Essays - 1500 words

Your Own Franchise - Research authorship ExampleThe success of the franchisor will depend on the success of the individual who purchased the franchise. This paper takes about a franchise in the policy sector. It analyzes the franchise, the amount required to start it, the pros and cons of decl being the franchise, and the strategic, administrative, and operation strategies the franchise holder should arise for purposes of making it a success. It also outlines the various training techniques that the franchise holder should initiate for purposes of succeeding in the business. This paper has a conclusion, which is a summary of the main points identified. Brand Description The franchise under regard is Allstate Insurance Company. To purchase the franchise, an individual requires about $50,000. Allstate is ranked amongst the fortune 100 companies, and it is one of the most passing recognized insurance and fiscal companies in United States of America. The company was formed in 1931, and its success and achievements atomic number 18 pegged on its innovation (Bond, 2012). The company operates an exclusive agency force, and its expansion is always dependent on the financial position of its agents. The company is always looking for motivated and highly ambitious people who want to own and operate its Allstate agencies (McCarthy, 2010). The major business products of Allstate insurance company is insurance services targeted at home owners, and political machine alert owners. These insurance services are offered mainly through the various franchise holders of the company. The marketing of these insurance products is done under the brand names of Esurance*, Allstate*, and Esurance* (Bond, 2012). The company provides investment and retirement insurance products, as come up as life insurance cover. It also provides variable and traditional life insurance cover. These insurance products are always interest sensitive, and their premiums are affordable. It also provid es fixed annuities, such as health insurance covers, and volunteer accident cover. Other services and products that the insurance company issues are the business insurance products detailed to service of process owners of small business organization. Household insurance cover to consumers targets products such as boats, motorcycles, as well as condominium insurance policies (Bond, 2012). Under the dealer services, Allstate provides non-insurance and insurance products that are sold mainly to auto mobile dealers. The company also has an Allstate road positioning service. These services include wholesale and retail products meant to assist road side users. Resources used One source of information that has provided guidance in selecting this franchise is the organizations website. The organization runs a website with the universal resource locator name, www.allstate.com. This website is useful because it provides all the necessary information pertaining to the formation, and operatio ns of Allstate insurance company. The website provides the historic formation of Allstate insurance agency, and it identifies its mission, objectives and aims. It is from the organizations website that we are able to know that the company provides most of its services through agencies and franchises (Allstates, 2013). The website also contains the financial records of the company. These records are non for only the current year, but they are distributed to reflect the financial position of the company for over 10 years ago. It is also easy to assess information contained in this website. This is because it does not require an individual to dissipate an online account with the company, so as he or she can access the website. All that an individual demand is an access to the computer, and the internet. Another source of information is a book by Bond (2012), referred to as Bonds visor 100 franchises. This book by Bond (2012