How much did you have saved when you opened your doors to your independent or captive agency?
I know everyone's situation is going to be different but I wanted to get an idea since I may possibly embark on this journey.
If I have a small office costing appox $600/month, using average figures for all other common business expenses, marketing which primarily consists of purchasing leads, attending networking events, and using gift cards to entice referrals, would 50K be a good starting point? I would be writing primarily personal lines and averaging around 25K in premium a month.
I know everyone's situation is going to be different but I wanted to get an idea since I may possibly embark on this journey.
If I have a small office costing appox $600/month, using average figures for all other common business expenses, marketing which primarily consists of purchasing leads, attending networking events, and using gift cards to entice referrals, would 50K be a good starting point? I would be writing primarily personal lines and averaging around 25K in premium a month.