As a former teacher, I’ve always been passionate about creating safe and nurturing environments for students. The desire to protect schools and empower educators has been the driving force in my life that led me to embark on my career here with Status Solutions and Status Solutions Network. For personal reasons, leaving education was the right decision for me and my family, but did you know that it doesn’t have to be all or nothing? I have many educator friends who love the classroom and would never dream of leaving but also have a strong desire to merge their dedication to education with their entrepreneurial spirit. The greatest hurdle they encounter is often the start-up costs of owning one’s own business, but what if I told you that didn’t have to be a hurdle? What if I told you that you could access your retirement plan assets to start your very own business that could easily be run in the summer or evenings? Using Rollovers as Business Startups (ROBS) to open a franchise with Status Solutions Network, is a decision that could not only transform your career but could also allow you to make a meaningful impact on school safety.
Many professionals look to get as much out of their retirement savings as possible, and one of the ways this can be done is by opening a franchise. However, opening any business or franchise comes with costly expenses that have owners looking for financial assistance. Rollovers as Business Startups (ROBS) is a lesser-known but sound strategy to employ. Since it’s their own money it provides business owners with more flexibility and control compared to other financing options.
What is ROBS?
Rollovers as Business Startups (ROBS) is a unique, IRS approved, financial strategy that facilitates a tax-free transaction. This process involves several key steps, but is not complicated:
- Creation of a C Corporation: Establishing a corporate structure with shareholders.
- Formation of a New Retirement Plan: The corporation sets up a new retirement plan.
- Employment of the Business Owner: The business owner becomes an employee of the corporation, also serving as the beneficiary of the newly formed retirement plan.
- Fund Transfer: The business owner moves funds from their existing retirement account into the corporation’s new retirement plan.
- Stock Purchase: The rolled-over funds are used to acquire stock in the corporation by the business owner.
- Business Commencement: The proceeds from the stock sale are then utilized to kickstart the business or franchise.
Opening a Franchise with ROBS
The benefits of opening a franchise are immense, and certain professions, such as teachers and educators, find this avenue particularly enticing. ROBS is gaining traction among franchise and business owners for several reasons. According to a recent Guidant report, a staggering 52% of new business owners in 2023 used ROBS to fund their ventures.
Franchise Opportunities with Status Solutions Network
Enter Status Solutions Network (SSN), a dynamic entity that not only offers franchising opportunities but also creates a symbiotic ecosystem that empowers communities to connect and support one another. The sole reason SSN was created is to help fund school safety. It’s really quite simple:
- A local school district accepts the Status Solutions Grant of use. This means they have immediate access to our groundbreaking solution to provide situational awareness to all teachers, staff, and students with no financial barrier.
- A franchisee (that could be you) starts their own local Status Solutions Network business. This person goes to local businesses and sells memberships (based off the size of the business) to help support the local school district. It’s similar to a booster club.
Through its parent company, Status Solutions, members gain access to a unique advertising platform.
- In exchange for purchasing the membership, the local business gets advertised on the Status Solutions Network Directory. They’re listed as a business that supports school safety and is contributing to the community. Students and Parents are asked to support these businesses.
- The school receives 50% of all membership sales to put back into school safety and situational awareness. The business owner keeps 35% to grow their business, and Status Solutions keeps 15% to keep the program running.
This ecosystem of mutual benefit removes the cumbersome burdens that schools have waiting for Grant applications to be approved or being limited on the way they can spend their funds. Rather than asking schools for money, we ask local businesses to step up, and we pay the schools to stay safe.
Using ROBS as an innovative financing strategy, coupled with the unparalleled support of Status Solutions Network, provides the foundation needed to turn your vision into reality. We’re here to help with the steps, challenges, and rewards of starting a franchise dedicated to safeguarding the places that shape our children’s futures.
Status Solutions Network will stand as a beacon of support for the communities it serves, including those aspiring to open a franchise. However, it’s essential to note that just like any new business endeavor, ROBS transactions come with their own set of requirements and complexities. Therefore, Status Solutions Network and Status Solutions strongly recommend that potential franchise owners consult with their financial advisor before embarking on this journey. For more detailed information, visit www.statussolutionsnetwork.com.
Call 866-846-7272 or email us at info@statussolutionsnetwork.com today to learn more about this franchise opportunity. Ask about our teachers, first responders, and military discounts. For more information on Status Solutions and our situational awareness platform please visit www.statussolutions.com
ABOUT THE AUTHOR
Laura Hartman is a former middle school and high school English teacher. Currently, she works in Marketing for Status Solutions and Status Solutions Network in Westerville, Ohio, where she calls upon her years of experience in the classroom to aid the company’s mission of protecting the vulnerable and preventing violence in schools.