What are Your Options: Sell or Merge with a Local Competitor
One of the really great things about owning an independent insurance agency is that you are Independent! You can and do make choices every day that affect your agency’s performance and success, both in the short-term and long-term. In other words, you have options and you’re exercising them, some more purposefully than others. As we look forward to 2015, now’s a great time to examine some of the options you have concerning the future of your agency.
Option Five: Sell To or Merge With a Local Competitor
In most cases, this is not the optimal choice. Not always, but usually. You might create some economies of scale, but you won’t necessarily create a great agency.
The local competitor who wants to acquire your agency may not have the financial strength to finance or cash out the transaction, making it likely that you’ll become “The Bank.” At the local level, cash buyers are rare, so if you agree to finance the sale, it’s always possible...
Stay connected with news and updates!
Plans are underway for another phenomenal ProFit Networking Experience. We've secured our initial line-up of speakers, selected our Agency Leaders Panel, and are putting the finishing touches on breakout session topics that will make Clarity, Consistency and Commitment part of your 2020 vision and culture.
Increase Your Time Spent Selling
How can you grow your book of business if you're not maximizing your time spent selling?
Join Brent Kelly for a one hour webinar where you will learn how to go from part-time to full-time and increase revenue.
ProducerFit Sales Training
Whether new or veteran, ProducerFit will help any Producer achieve new levels of success.
Recent Posts
