Mastermind Meetings
 

Ed Brown explains disaster planning & recovery in our Sept. meeting

 

 

August Mastermind Meeting - Store Security

 

 

 

 

May 2006 Mastermind Meeting

Featuring guest speaker Harold Ray

On May 17th, we met at the Deer Creek Country Club to discuss more topics from Harold Ray and CIT Group.  Over lunch, some topics covered were items such as, "Is it time to Refinance?" and "Should I go SBA?"

After the meeting, an afternoon of golf was enjoyed under the sunny South Florida sky.

Many thanks again to our guest speaker, Harold Ray.



February 2006 Mastermind Meeting

Featuring guest speaker Harold Ray

In February, we spoke about current financing programs, making yourself ready for financing, and improving your chances for financing.

Harold Ray, Lending Specialist from CIT Group, a Dunkin' Brands Preferred Lender was in attendance to answer and address any questions or concerns at the meeting.

Franchisees wishing to open a new store, remodel, or refinance an existing debt were encouraged to attend.



January 2006 Mastermind Meeting

Concepts from Charles Cutler

Charles Cutler spoke about new uniforms, gift cards, and the new concepts for the future. An interesting discussion followed.

The group discussed cash from the time it enters the store until hitting the bank. Material from Dunbar Security was distributed concerning armored pickup of cash and dropoff of change. Further proposals will be studied.

 

December 2005 Mastermind Meeting

Featuring Mandy Bass

Mandy Bass of Priority Living Systems speaks and moderates a forum concerning hiring and motivating employees to excellance.

Many thanks to Mandy for a truly inspiring discussion. Thanks to Mandy we learned about improving our hiring practices, encouraging our current employees to greater heights and how to avoid legal pitfalls in hiring. We had a great lunch to celebrate our first anniversary. 

The next meeting will be held on Jaunary 18, 2006 Wednesday from 1:30 PM to 3:30 PM. The first hour  will be an open forum for owners to discuss their concerns. Charles Cutler will be in attendance The next segment will relate to Cash Security from the time it enters your store, to being deposited to the bank.

Please plan on attending and bringing other owners.

October 2005 Mastermind Meeting

Update from Charles Cutler and Keith Sims

Many thanks to Charles and Keith for attending and giving us an update on a wide range of topics, including the impending sale of Dunkin' Brands, the formation of the National DCP,  the upcoming convention in Las Vegas in March, and other relevant areas.

 

September 2005 Mastermind Meeting

Disaster Planning and Recovery

We scheduled a meeting for September 20 to discuss disaster planning and recovery, and what are the odds .... we had to postpone due to Hurricane Rita.

September 27, we held the meeting and it was very informative. First of all, let me advise you that of the approximately 40 stores we handle the accounting for, several were closed due to no power, some had physical damage, many had spoilage, and quite a few had no donuts to sell.

Several owners explained how perishbles were quickly transported to other facilities that were with power, and stories were offied how store employees were creative in providing products in place of dunuts, such as muffins.

Ed Brown of The Fairway Insurance Group (see ad on Home Page)  explained the coverages offered that would help with all the situations mentioned. We all learned more about off- premises coverage, spoilage and business continuation features. The most enlightening aspect is that from the Pinto to the Luxus may only be around $300 annualy.

We thank Ed for his time and great presentation.

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August 2005 Mastermind Meeting

Store Security

The meeting on August 16, 2005 featured ADT security. Representatives brought in equipment and gave a live demonstration of their equipment. Manoocher Fallah, a franchisee also brought in his computer and demonstrated the use of ADT equipment in his stores, and the ease of remote monitoring. ADT is working on providing a proposal for Dunkin' franchises that can be tailored to your needs.

These meetings provide a forum for owners to increase their cash flow, personal wealth, and the long-term value of their business. Attendance is free. You must own a Dunkin' Donut Franchise, or be in the process of acquiring one.

For more information contact
Michele
954-752-7266  

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July 2005 Mastermind Meeting

Asset Protection
Supplemental Retirement Income

The July 13 meeting talked about Retirement plans and employee benefits.

GOAL: to find a strategy that would provide the following benefits:

- Asset Protection
- Tax Deferred Growth
- Death Benefit for Heirs in case of early death
- Tax Free Retirement Income

Solution - Supplemental Life Insurance for Retirement Planning

Have you ever considered life insurance a potential source of additional funding for your retirement? That's right - life insurance. Life insurance usually is not the first vehicle that comes to mind when you explore the different avenues available for retirement funding. But, a life insurance policy is the only vehicle that provides:

· Tax-deferred cash value accumulation,
· Tax-free withdrawals contingent upon certain stipulations,
· Tax-free death benefit to your beneficiaries
· And asset protection in the state of Florida.

Florida Statute Section 222.14 provides that the cash surrender value of life insurance policies insuring the life of a Florida resident and the proceeds of (is: the payment from) annuity contracts issued to Florida residents are exempt from the claims of creditors.

For more information on how to manage your wealth, contact
Karen K. Roberts, CLU, ChFC
954-752-7266

Provide benefits for my employees, and not cost me money?

Attendees at the July 13, 2005 Mastermind meeting were introduced to a great concept. How would you like to provide benefits for your employees, with not only with no cost to you, the owner, but actually a savings in taxes to both you and the employee? A totally win-win situation!

Representatives from AFLAC (the duck people) made a great presentation to the group and explained the process of providing health insurance, term and disability insurance, hospitalization and cancer coverage. They do all the administration, and you become the hero to your employees at absolutely no cost to you.

Several franchise owners have begun the process, and are ecstatic with the results. Scott Ball, a franchisee in Miami-Dade reported back to us that "the managers were elated. They could not believe that we were concerned enough about them to provide these kinds of programs. We looked like a Fortune 500 company."

According to Dan Lipinski, Dunkin' Donut FSM, one of the greatest challenges in the next few years will be hiring and retaining qualified workers, including managers. This is a great way to attract and retain good employees.

Another benefit to your company is that healthy employees are more productive employees. The program offers the employees the opportunity to participate in health care coverage which deals with preventative medicine and wellness.

How do you get started? Just let us know, and we will schedule an introductory meeting with you. The next step is a meeting with your employees where the program is explained. They do all the work.

For more information contact
Karen Roberts
954-752-7266 

rdoski@msn.com  www.aflac.com