REI Wealth Monthly Issue 09 | Page 72

HOW TO NOT GET CHEATED IN THE ATM BUSINESS CAREY BUCK 2) Getting insurance for your ATM business - You are in a real business, so you need real business insurance on your ATM business. Always start with your local agent. But, it’s been my experience that you’re going to have to dig a little deeper to find?affordable insurance coverage. Having these two things in check will help you to not get cheated. Remember, when it comes to any type of contract, you NEED to have a competent, local attorney in your?area to help you with it. Do not just do the contract thing willy-nilly, or think you don’t need one. Tip #4: Pick Your Team Members Wisely You will need different team members in your ATM business. Now, these are not employees, but rather other companies that you will be working with to effectively run your?ATM business. Again, this is no different than your real estate business where you have team members that you work with, like a real estate agent, title agent, insurance agent, attorney, etc. To not get cheated in the ATM business when dealing with these people you need to? re-read 1) above. You also need to research different team members. Get references (ask who the good and bad ones are). Get referrals. Then, get on the phone and talk to the companies, or meet them in person if they are local. Trust your gut. If you feel someone is being a shady, slimy, salesperson and they?just want your money, but you don’t feel they’d ever be there for you in case of a real issue, move on. In order to not get cheated in the ATM business, protect yourself and your business from dishonest and disloyal people