How to Gauge the Health of an Agency Before Buying

2020-09-13T18:56:19-04:00July 11th, 2018|

Internal and external economic factors contribute to the health of most organizations. Other elements playing a major role in the insurance market include commerce risks. When you consider all of the possible components affecting the well-being of an insurance agency [...]

What is the Purpose of an Agency Valuation?

2020-09-13T18:45:45-04:00November 6th, 2017|

Regardless of whether you plan to buy or sell an agency, getting an agency valuation is a smart financial move. When you know what your agency's worth now, you can make more data-driven decisions about your company. You can take [...]

What to Expect From a Due Diligence Process

2020-09-13T18:44:33-04:00October 20th, 2017|

The process of buying and selling an agency has so many steps involved that people can almost be forgiven if and when steps are skipped along the way. However, any mistake during the process can have real, lasting consequences that [...]

Tips for Dealing with Debt

2020-09-13T18:44:11-04:00October 10th, 2017|

Sometimes it makes sense to spend more in the short-term for the eventual long-term benefits. No matter how nerve-wracking it may be to financially splurge for the future benefit of your company, agencies won't get anywhere unless they can handle [...]

Why Use an Intermediary to Sell Your Agency?

2020-09-13T18:43:50-04:00September 20th, 2017|

When you're faced with the prospect of selling your agency on your own, you may think you don't want anyone else involved. After all, who knows your business better than you do? But choosing to do it all by yourself [...]

Why Having an Exit Strategy is Vital

2020-09-13T18:43:30-04:00September 6th, 2017|

Choosing to sell a company is never going to be an easy decision. Can you get more? Do you want to cede control? Will the buyer do what they say they're going to do? These questions are the underlying reason [...]

Fair Value vs. Fair Market Value of Your Agency

2020-09-13T18:43:04-04:00August 23rd, 2017|

Deciding on a valuation, whether it's a business, real estate or intellectual property, can be a challenge. You know that there's an inherent and objective value in the marketplace, but other -- less tangibles -- can weigh in on the [...]