Retirement – Unstoppable Profit Podcast

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Carey Wallace of Agency Focus LLC is here to talk about how you as an agency owner, can best prepare for the transition of your agency and some of the biggest misconceptions that people have about transitioning the ownership of an agency. Whether you are just starting out or thinking of moving on to a new adventure, Carey will help provide insight so that you understand the true value of your agency and create plans for that future exit.

Highlights:

Not all agencies are created equal. The information you get from other owners may not work for your agency and situation.
What are three keyways that an agency owner can best prepare for the transition of their agency?
Your agency should be able to run without you behind the helm.
Rising interest rates will change what the power is for different buyers
The more predictable your agency is, the more valuable it is.
The biggest influencer of your agency is its performance.

About our Guest:

Over the past 15 years, Carey Wallace has worked with hundreds of independent insurance agencies helping them understand their agency’s value and turn that knowledge into an actionable plan for their future. Carey’s strong background in Finance, passion for small business, and experience in building and leading the first data analytics company solely focused on independent insurance agencies give her a unique perspective to help agency owners thrive.

Carey is a Certified Exit Planning Advisor, CEPA, and provides a variety of business consulting services through the company she founded, Agency Focus, LLC.

https://agency-focus.com/

Until next time, get out there and make a difference, be unstoppable, and leave no regrets!

Mike Stromsoe
The Unstoppable Profit Producer
Call 800-770-9984
Website: http://unstoppableprofitproducer.com/

Virtual Events: http://www.uppfaststart.com/

Email [email protected]

Podcast: http://unstoppableprofitpodcast.com

Virtual Training: http://uppfaststart.com

In Person Training: http://beunstoppablebootcamp.com

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From the time that you launch your business, you need to plan for your exit, whether it be retirement or starting a new chapter in your story. One of the biggest issues that owners have is knowing the value of their business. Today’s guest, Jon Persky, is here to discuss the value of your business and what you need to consider when it comes times to sell it.

Highlights:

The majority of owner do not know if they can afford to sell their, agency, retire and maintain their current standard of living.
You really need to understand what everybody’s attitude is regarding retirement between the owner, the spouse, and the children when it comes to selling the business.
When you pinpoint when you want to retire, then you have to work to maximize the value of the business for when you sell it.
When selling take into factor how much cash you will end up with, even if they offer stocks based on a percentage of the EBITDA
There are considerations to take into account if you are planning to sell the business to your children.
The importance of getting outside assistance to value and sell your business

About our Guest:

Jon Persky graduated from Duquesne University, holds an MBA in Finance from the University of Pittsburgh, is a Certified Public Accountant, a Certified Insurance Counselor, and a Professional in Human Resources.

He has spent the majority of his professional career in the insurance industry in positions such as Controller, Chief Financial Officer, and Personnel Director. The agencies Jon has been associated with range from a large commercial lines agency to a 35 location non-standard specialty auto agency.

As a national faculty member of the Society of Certified Insurance Counselors for over 20 years, Jon is the Society’s exclusive lecturer on Perpetuations, Mergers & Acquisitions, and Agency valuations. He facilitates these topics as well as many others at Graduate Studies Ruble Seminars and Agency Management Institutes countrywide.

Until next time, get out there and make a difference, be unstoppable, and leave no regrets!

Mike Stromsoe
The Unstoppable Profit Producer
Call 800-770-9984
Website: http://unstoppableprofitproducer.com/

Virtual Events: http://www.uppfaststart.com/

Email [email protected]

Podcast: http://unstoppableprofitpodcast.com

Virtual Training: http://uppfaststart.com

In Person Training: http://beunstoppablebootcamp.com