As agency owners, we have been told that, from the moment we start our agencies, we should be thinking about our exit strategies. But if that’s the case, then why do so many of us drag our feet when it comes to succession planning?
Usually, we say we are too busy to plan our retirement. We believe that if we spend too much time focusing on the future, we’ll lose sight of what our agencies need today. But if you want to ensure your agency’s long-term stability and avoid the painful sting of selling your biggest investment at below market value, then you need to start creating a strategic succession plan right now.
Read the full article, written by Sean Kenny, Senior Vice President, Corporate Development, published September 12, 2024 on InsuranceThoughtLeadership.com.