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STARTING A BUSINESS: WHO WILL YOU TAP?

By November 4, 2021No Comments

A person who is financially, emotionally and mentally stable could still be shaken by unexpected events or emergency situations. Most prepared such situations in terms of creating a solid financial plan. Some set up an emergency fund while others get an insurance. Through making themselves financially stable, they are assured that in times of trouble such as job loss, accidents or anything that required immediate and large amount of money, the impact could be lessen.

An emergency fund provides much-needed financial support in case of job loss, major car fixes and/or house repair, and replacing furniture and appliances. The money from an emergency fund create a financial buffer that can keep you afloat in a time of need without having to rely on credit cards or high-interest loans. The best way to keep emergency fund is through savings account.

Another way to prepare for an unprecedented situation like accident or medical emergency is getting an insurance. Insurance is very important to protect oneself and family from financial hardship. Insurance helps to reduce the stress and give peace of mind to the holder despite in difficult times. Another reason to have an insurance is that it can provide a legacy by means of securing the financial future of the love ones left behind.

In the course of time, many people experience the advantage of insurance. It became a vital presence in every American lives. Most American find it is hard to live without it. As a result, insurance becomes a very lucrative business thus, lot of people put up insurance company and insurance agency.

However, building an insurance agency is no small task. You need capital, building, manpower, permit, marketing strategies and others to operate smoothly. But with some sweat equity and the right focus you can turn your dream into a reality. Having a sound business plan helps you secure financing and start-up capital, zero in on your market, and choose your business location. Having a good marketing and services will secure you a wide customer base. 

Another factor that contribute to the success of an insurance agency is tapping the internet. Insurance buyers increasingly go online to shop and to compare different insurance coverage and prices. Hiring manpower to answer queries and offer services 24/7 can be challenging and expensive. New employees have a high acquisition cost due to weeks of training and heavy tax burden.

Most insurance agencies resorted to collaborating to other agencies for their marketing and to acquire more clients. Agency VA can help to make your Insurance Agency successful at economical rate. We specifically train our Virtual Assistants to understand your customers, process and culture. We are committed to earning your trust, and helping you focus on what you do best: growing your business.

Johanan Franklin

Author Johanan Franklin

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