Build Your Legacy: Insurance Edition
Looking to build your own insurance agency and you're not sure where to start? This is the podcast for you! Have your own insurance agency, but you want to grow bigger and build your legacy? Stick around, as our hosts give you tips and tricks to make that happen!
Build Your Legacy: Insurance Edition
Episode #34: The Pitfalls of Insurance Agencies: Why So Many Fail
#Insurance #AgencyFailure #InsuranceSuccess
🚨 Thinking about starting an insurance agency? Many independent agencies struggle to stay afloat—and some fail entirely. In this episode of Build Your Legacy: Insurance Edition, we break down the top reasons why insurance agencies fail and how you can avoid common pitfalls.
✅ Financial Preparedness – Cash flow is king! Why agencies fail when they don’t plan for slow months.
✅ Self-Awareness – Selling insurance vs. running an agency—are you truly ready to make the leap?
✅ Sales First – The biggest mistake agency owners make is getting stuck in operations instead of selling.
✅ Hiring Pitfalls – The dangers of hiring too soon, overpaying producers, and running out of cash.
✅ Chasing the Wrong Business – How taking on the wrong clients or unfamiliar risks can derail your agency.
If you’re starting an agency or looking to strengthen your business, this episode is a must-listen. Understanding why insurance agencies fail can help you build a scalable, sustainable, and profitable agency.
📢 Learn more about SIA of NC: www.siaofnc.com
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🎙️ Available on YouTube, Apple Podcasts, Amazon Music, Spotify, and more.
#IndependentAgencies #InsuranceAgencyGrowth #InsuranceSales #Entrepreneurship #BusinessSuccess #BuildYourLegacy #InsuranceNetworking #InsuranceBusiness
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