How to Open an Allstate Business

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Allstate offers individuals the opportunity to open small franchises. These franchises are part of what is called the Allstate Exclusive Agent program and competition to get one is fierce. According to the company's Website, ideal candidates must have: "the skills to run their own business, the capital to invest in their own agency business, the ability to hire and manage their own staff and the drive to meet business objectives." All of those requirements boil down to upfront cash (or a loan) to start a business, connections to create a staff and lots of time to devote to the success of your business.

Research Allstate. From a consumer standpoint, Allstate is a great company. But if you are interested in working for the company, do independent research on it. Find out who are the top executives, what their stock history is, and how long they have been doing the program. If possible, find real people who are in the program or were in the program to speak to about their experiences.

Attend a career fair or Webinar. These events are hosted by Allstate routinely to introduce people to their franchise program. This is the place to get your questions answered and learn more about the specific program. Visit allstateagent.com to find out when your area is hosting a career fair.

Raise money to buy the franchise. The program fees vary, but expect to pay a few thousand dollars in start up fees to buy into Allstate. Raise this money from your own savings or consider applying for a small business loan.

Train and diversify your skills. While Allstate provides insurance training, lots of other skills will be needed to successfully operate the franchise. If you've never done it before, consider taking courses on human resources, bookkeeping and marketing.

Decide how you want to buy in. Allstate offers two basic options to buy into the company: Take over another person's business or start your own from the ground up. Both have perks and drawbacks, but the biggest thing to consider is what type of business will you be buying if you purchase an existing franchise. How successful was the business? What kind of community reputation did it earn?

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