Ken Kindt & Jack Werner of Signworld Hold Webinar on Signworld Business Model
The Signworld Webinars typically last for an hour to an hour and a half. Ken Kindt and Jack Werner begin the webinar by providing short introductions of the Signworld Owners panel, which changes every month, and then give a short presentation on the Signworld business model, our marketing plan and some differentiators that set us apart not only from our counterparts in the sign industry but also our counterparts in the franchising world. Once the presentation is complete, questions are then taken and addressed by the panel to help give those in attendance a well rounded answer. Ken will address the question from the corporate aspect, what Signworld teaches you in training, Jack Werner, a former Signworld Owner will answer from his 10 years of business ownership experience, and the Owner’s Panel will answer from their varying years of experience.
On a recent webinar, an attendee focused his question in on how to best finance the business and structure the funding to put himself into the best situation possible. Ken Kindt responded by saying, “The most popular and best way to finance the business is through what we call the ‘401k Rollover’. This option allows you to transfer funds from your 401k to fund the start-up of a business virtually tax-free. This option is the most popular mainly because if you have the funds available, it allows you to utilize what you have saved over the years and more importantly start the business debt-free. The second most popular way to fund the business is through a home refinance, and lastly is the SBA loan. The SBA loan falls behind the home refinance mainly because the SBA is going to require you to give a personal guarantee which in most cases will mean that your home is put on the line. If you are going to put your home on the line, it is much better for you to refinance at mortgage rates we have never seen before rather than the SBA’s rates of anywhere between 7-10%.”
Signworld is a national organization with more than 250 independently owned sign companies, which provide commercial custom signage and graphics. Jack Warner and Ken Kindt lead the Top management at Signworld. It is personable, creative, rewarding and ideal for people-oriented individuals who have the desire to learn how to manage a sales and production business. Signworld affiliates are a cut above traditional sign companies. Ongoing support and training is provided along with state-of-the-art equipment. Signworld business model runs on a no royalty concept. You can learn more about Signworld at www.signworld.org
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