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Don’t ignore the under 30 crowd. Relationships don’t matter to them. Each day they become a larger force and the boomers fade away. Its a real issue. Trust me.
I work with a lot of the under 30 crowd. Relationships DO matter to them but you’d better be prepared to communicate with them on their terms. E-mail, Facebook, Google Chat, etc are how they want to reach you…and if they have a question on Saturday they want it answered on Saturday. Trust Me.
This isn’t that a real “danger” list. What about total lack of business growth in 2013? Obamacare? Taxation issued?
Seriously….baby boomers and their issues? Not a real threat in contrast…
I agree–clients prefer to meet face to face with their advisor, but we also need to be flexible when communicating with our clients. I work with Insphere Insurance Solutions and I feel that our companty addresses these industry concerns by combining the benefits of an independent broker (and autonomy)with the support of a larger broker for training, marketing, lead generation, compensation, etc. It’s worth a look for any independent agent!
The need to work is number seven How shocking!
Be carefule whom you hire, I hired a girl [From St. Joseph] whom I thought was a friend when she was down on her luck. She quite and stole my client list and files and talked most of my clients into agent of record signatures, told them she owned half my business and I devided it. She talked another crooked agency into to backing her. They are both low lifes. But she refused to sign a contract, said we were friends we dont need that, I was stupid and to good hearted.
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I read Sarah’s post and cant see how it got 21 dislikes. She sounds on track to me. I’m facing some of the same issues and hope that I can deal with them to be able to retire.
her number six point is right on treack. Dealing with the Obamination has certainly impaired my agency operations and retireent plans.
Sarah,I too have been in the business a long time. My biggest concern is burning good money on bad producers who don’t have the killer instinct. Either you got it or you don’t. Unfortunately, I have found that much of the younger set has an expectation of entitlement, that they should be rewarded before they have proven they can hunt,kill AND eat. I have found that the psychological profile tests are not good at filtering out these younger duds. Tom, I suspect you a an SIA-like network that is only too happy to take a loser producer’s money so that they can work out of their houses. I have found that these people are not producers, but are CSRs with big egos. They live off of prior production, usually poached from former employers. That is doing no one in this industry any favor, particularly the loser producer who settles on making a go at it for $20,000 in revenues. You don’t tell us how many offices you closed last year.
I have been in the Insurance Business for 47 years now and I will tell you that , with no exceptions, the first thing to do when anyone–Anyone— comes into your office to work is a really good non piracy and non disclosure agreement. One with teeth stating what your State Laws and what the Federal Lwas are dealing with this if it violated. Make sure you read it together and that all copies are signed in your presance and witnessed and give them their copy of the agreement that they signed. If they leave and go with another competetor send them both a certified letter stating to the EX…Congradulations on your new job but please remember the following that you signed in my presance. Then send the new employer a certified letter congradulating them on their new hire and attach copies of the Non Piracy ect for their records and advise them that if the agreement is violated since you have notified them you will treat them as an assesory to the violation should one occur. It does not make friends but then they wern’t friends anyway. However it sure does take care of the problem. Especially with the new employer who has got a lot at stake.
Sure, when I was starting I made a few bad decisions but this change was not one of them…
Just free advice…Take it for what it cost you.