26. Staffing Your Insurance Agency for Optimum Profit
Update: 2023-11-03
Description
Save $25k to $50k or More in Staffing Expenses
This Year & Every Year by Having
the Right Number of Team Members
at the Right Base Salary Amount
- Staffing the agency profitably and prioritizing the renewal agency, focusing on PNC renewals, is crucial.
- Determining the right number of team members can be challenging and often relies on inadequate information.
- Analyzing income statements separately for renewal and first-year sales agencies is recommended to ensure profitability.
- Overstaffing can be costly, while proper staffing can lead to significant savings and financial growth.
- Paying base salaries helps incentivize employees to generate renewal sales, which are crucial for stability and success.
START WITH THE eBOOK
- Get the free ebook The 23 Reasons Most Insurance Agency Owners Can't Enjoy a 3-Day Weekend Lifestyle - And How to Fix Them
SCHEDULE A STRATEGY SESSION
We’ll Discuss Your
- Biggest Goal - If you or your agency could only achieve 1 thing in the next 12 months, what would it be?
- Value of Biggest Goal - What's it worth to you (money, free time and / or happiness) to achieve this goal?
- Biggest Frustration - If you could "fix" 1 thing in your agency in the next 12 months, what would it be?
- Frustration Cost - What is your biggest frustration COSTING you (money, free time and / or happiness)?
Then, We’ll Discuss the Plan & Expected Results
- Which goal(s) are likely to be achieved and how long it usually takes, based on our experience.
- The best way to help you achieve your goals, based on your style and time available to implement.
- Your anticipated time investments & money investments.
- What guarantees we can make
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