Nomination Resource Page

3/26 - THIS PAGE IS NOT PUBLIC. ALL ITEMS WILL BE REVIEWED BY BIG I, REAGAN CONSULTING, WORKING GROUP PRIOR TO LAUNCH. NEW FORMAT, THEME, GRAPHICS, ARE WE MISSING INFORMAITON FOR SPECIFIC AUDIENCES? THIS PAGE WILL BE LINKED AND SHARED WITH BIG I STATE AND COMPANY AND SPONSOR PARTNERS. THE AGENCY COMMUNITY VIEWS THE BECOME A BEST PRACTICES PAGE. Since 1993, Reagan Consulting and the Big I have partnered to produce the Best Practices Study, a comprehensive examination of the top performing agencies across the country. The study compiles benchmarking data on the key metrics of agency performance and value including revenue growth and profitability, financial stability, expense management, and sales and operations productivity. Data is provided for each of six revenue categories (from under $1.25M to over $25M), and nominations for agencies in each of these categories are accepted at the beginning of each three-year study cycle. The aggregate results of the highest performing firms (approximately 40 per category) are included in the study and these agencies earn the prestigious status of Best Practices Agency, and the industry recognition and exclusive benefits that accompany it.
Best Practices Nominations Webinar. The process explained - video on demand. WATCH Frequently Asked Questions FAQ - Agent FAQ - Company FAQ - State Association Where can I view the current Best Practices Agencies? Click here. Are all current Best Practices Agencies automatically re-nominated? Yes. Where can agents learn more about the process? Click here. What are characteristics of a Best Practices Agency? Click here. Do you have sample communication text for my company branch or internal staff? Click here. Do you have sample communication text for my agents? Click here. Revenue Size Categories With Typical Employee Count Under $1.2M (or less than 10 employees) $1.25M to $2.5M (or 10-20 employees) $2.5M to $5M (or 21-30 employees) $5M to $10M (or 31-50 employees) $10M to $25M (or 51-125 employees) Over $25M (or 125+ employees) Timeline Nomination process open: Now through Feb. 2022 - DEADLINE EXTENDED! Nominated agencies invited: March 2022 Participating agencies submit data by: April 30, 2022 Best Practices Agencies selected and notified: June 2022 Best Practices Agencies announced: Aug. 2022 2022 Best Practices Study results released: Sept. 2022 Best Practices Symposium: Location and date TBD	2022 Nominations Forms Submit agency nominations with the 2022 BPS Nomination Worksheet Excel File or via this Word document. If you prefer to submit nominations with information exported from your database please provide all the fields below. Estimated Revenue Size Agency Name Address (include street, city, state, zip) Contact Name (include first and last) Title Contact Email Address Contact Phone Number (include area code) Return nominations or direct questions to Michelle Applebaum Reagan Consulting, Inc. Email: michelle@reaganconsulting.com \| Fax: 404-237-5996 \| Phone: 404-233-5545 Considerations As you consider which agencies you feel exhibit Best Practices Agency characteristics, we ask you to reflect on smaller agencies, newer agencies and minority owned agencies. We welcome all into the Best Practices Agency process as it is a valuable exercise in itself even for those who do not make the final standings. Your nomination could spark a process that provides great benefits in the future. Agency Benefits Talking Points Custom evaluation of their agency operations. Each agency that is nominated and participates by submitting their agency data will receive a custom Agency Perfromance Analysis from Reagan Consulting, regardless if they are recognized as a Best Practices Agency. This free expert analysis through the APA has a $495 value. An opportunity to work on their business. A day goes by quickly and turns into month and years. The Best Practices opportunity is a moment to stop and benchmark operations and reveal success and areas that may benefit from focus. Exposure. Receive a media kit to announce to clients, carrier partners and community, including use of "Best Practices Agency" logo and wall plaque. Agencies are recognized through a nataional ad in trade publciations. Exclusive Events and Join Elite Group. Best Practices Agencies know their numbers, their business and are an elite group who are offered exclusive education, networking and status in the industry. Being a Best Practices Agency validates touting operational success and is something for the entire agency to strive for and celebrate.
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