What to Do When an Owner Retires
If the retirement of an owner is not planned and prepared for, both the retiree and the business could find themselves in critical positions, floundering to achieve a balance from…
Perpetuation
Perpetuation or Succession?
Planning for succession can be very rewarding IF you have the right people behind you. It can be downright dangerous if you don’t. The emotional rewards of passing your agency…
I Died on the Way to My Next Appointment – Now What?
What the heck does my company do if I die on the way to my next appointment? As the sole owner of my company, this created a dilemma. Having just…
Give Your Kids a Chance to Succeed
Parents are always parents and most parents never stop worrying about their children. Such worry, though, sometimes robs children of their success and happiness. In agencies, the parent/owner is often…
Agency Acquisition – 2008
Some brokers have been buying dozens of smaller agencies every year. Smaller agencies have been buying each other to supplement income and offset costs for the sake of growth and…
The Baby Boomer Business Owner…Is Retirement a Requirement?
When FDR linked social security with retirement in the U.S. he adopted the retirement age used by Germany, 65 years old. Today our average life span is more than a…
