Agency Operating Expenses

[CR in STL]

Is anyone aware of where I might be able to find an agency operating budget mainly for a one main office? Or if someone can tell me what the average expense would be or total for a year that would be appreciated I would be doing mainly P&C

 

[pomfin]

Is anyone aware of where I might be able to find an agency operating budget mainly for a one main office? Or if someone can tell me what the average expense would be or total for a year that would be appreciated I would be doing mainly P&C

There are so many variables to consider: rent, marketing, and other expenses. You have to decide how much you want to spend and they has to be covered by your revenue. An one man office is always more expensive then multiple agent office.

 

[Mac1958]

A few thoughts off the top of my pointy head:

• Self-employment tax (ouch - talk to your accountant)
• Lease deposit
• Lease payment
• Utility deposit
• Telephone deposit
• Telephone system (more than you may think)
• Copier/Fax
• Maintenance
• Furniture (cheap furniture looks cheap)
• Signage (see furniture)
• Office Supplies
• Computer hardware
• Software
• High-speed internet
• Advertising/marketing/leads
• Property insurance
• Contingency (at least 20%, trust me)

Check every one out carefully, and don't be surprised if you decide not to go indy.

I'm just sayin...



...

 

[CR in STL]

Pom and Mac thanks for the info. I will be working from home until I get going. as much as I would like to hit the ground running a I am going to move cautiously for a little while so i can do things right.
I guess I should have been a little more clear in my question. I am not worried the basic office supplies and equipment. Since I am just starting out I will be using insurance noodle, NLink or one of the other services. Besides that what other software will I need and what would you NLink. I thought I read somewhere about being able to pul DMV and CLUE reports