Insurance agencies are generally valued on a “going concern” basis, meaning that the business will continue to operate for the foreseeable future. When buying a “going concern” business, what you are actually purchasing is a stream of future cash flows earned by the...
As a business owner, selling your business is one of the biggest decisions you can make. If you are thinking about selling your insurance agency in the future, consider the following factors that will help make your business easier to sell. Processes and systems When...
If you are an insurance agency owner, you may be wondering when the right time is to sell your business. You have invested your hard-earned capital and time into your agency, and making the decision to sell should not be taken lightly. The first thing to consider if...
When selling a business, confidentiality is often an important part of the process. Typically, business owners do not want to advertise that their business is for sale because it can lead to employees leaving the business or customers deciding to switch to your...
Whether you’re retiring, passing your insurance agency on to family, or considering other endeavors, selling or transitioning your business can be a complicated and stressful process. If you are considering transitioning out of your insurance agency, make sure to take...
Many business owners believe they can successfully sell their own business. After all, they are the key salesperson for their company and believe they know it better than anyone else. While this may be true, selling your business is not like selling your product or...
