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November 6, 2024

The State of Our Industry: A Year of Challenges and New Opportunities

November 6, 2024 8:00 am

“It’s been an interesting year.” That’s the phrase I’ve heard on repeat in 2024. More often than not, the undertone is hinting at the challenges businesses have faced this year.  As a whole, 2024 started slow. Claims volume was down starting in Q4 of 2023, with that trend carrying into Q1 of 2024. Verisk data showed claims volume was down more than 22% in Q1 of this year compared to the same period in 2023. But by June, there was an 8% increase in claims volume, year-over-year.  While many restorers did feel that downturn,

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Don’t Let A Cash Crunch Ground You as You Prepare for Liftoff in 2025

November 6, 2024 8:00 am

Recently, I found myself watching a documentary on the U.S. Navy Blue Angels on Amazon Prime. It was pretty cool.  The Blue Angels are renowned for their breathtaking maneuvers, flying just inches apart from each other at remarkable speeds. Yet, even these elite pilots aren’t immune to the punishing forces of nature.  Picture a fresh Blue Angels pilot facing G-forces in mid-flight. Despite their skill level or years of experience leading up to this flight, the sheer intensity of the maneuvers pulls blood away from their brain, putting them at risk of blacking out

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From Franchise to Independent

November 6, 2024 8:00 am

While franchising in the restoration industry can offer several advantages, launching an independent restoration company can also present significant benefits that franchising may not provide. Here’s an alternative perspective on the matter: Autonomy and Flexibility One of the most compelling reasons to consider starting an independent restoration company is the complete autonomy it offers. Independent business owners have the freedom to make all strategic decisions, from branding to marketing to the specific services offered. This flexibility allows entrepreneurs to quickly adapt to market changes, implement innovative ideas, and tailor their business to the specific

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Franchise, Independent, or Hybrid: Finding Your Fit

November 6, 2024 7:12 am

For decades, the debate has raged on: do restorers benefit more from joining a franchise, or is staying independent the better route? Franchising offers a built-in brand name and access to a wide network of resources, but it also comes with franchise fees and operational restrictions that can leave some restorers feeling limited. On the flip side, independent owners have the freedom to run their business as they choose and avoid fees, but building a brand from the ground up can take years to break through the noise and reach the forefront of the

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