Each year businesses and individuals are impacted by disasters. However, a disaster does not have to be widespread to paralyze an agency. Every business (including your clients) should have a Disaster Preparation and Recovery Plan. The better the plan, the …
The traditional business plan includes short-term and long-term goals, and projections. But how do you plan when you can’t guess what will happen? Some things are shifting faster than you can keep up with, while other things can drastically change …
Size does matter. Small agencies can give the client a warm and fuzzy feeling, but they usually can offer only basic products. For those who need to be larger but don’t want to give up their autonomy, a cluster may …
Finding a good, qualified producer has always been difficult. When one finds a good producer, that person might be restrained by a contract from another agency or specialize in a line the agency does not sell,or the person could be …
One needs to understand and exploit current and future trends in order to be proactive. It is easy to predicate trends by understanding recurring cycles and applying that knowledge to the current insurance marketplace. So what will 2013 be like …
Creating a business plan does not have to be a daunting task. Yet, only about 15 percent of agencies have a written plan or track to follow, according to a recent agency survey. Now is a good time to plan …
Family businesses can be a blessing or a disaster. The root of a well-run family business is grounded in treating it like a business, not as an extension of the family. Below are guidelines any family business can follow to …
Owners are the firm’s leaders and need to set the right example and tone for the rest of the people in the firm. If they do not set their compensation based on what they are each doing, resentment can occur …
It has been said, “those that can see what they desire will have their dreams.” This is the power of intention. This idea has been catching hold because of a movie called “The Secret.” This movie and corresponding book focuses …
Running a business is an enormous responsibility. It is also endlessly rewarding. Countless factors play a role in how successful the business will be. It is the job of a driven business owner to manage the workload and delegate the …
