pafinanceguy
New Member
- 5
Hello.
We're looking to expand our business operations into the insurance world. We are very, very early in this process, and currently operate a very successful brokerage in another finance market. Our clientele would eat up property insurance, homeowners insurance, etc. so we are thinking this might be our next area of expansion. Since we're very early on in this process, here are a few n00b questions.
Buy vs Build
Should we buy an existing operation if we have the capacity?
Commissions
Generally speaking, is it fair to say we would receive ~8% annually for each policy solid?
Major Challenges/Considerations
Anything we should be aware of?
WWYD
What would you do if you had $150k in cash (minimum) to invest knowing that all other operational expenses would already be covered by existing operations.
Thanks in advance. Again, we are just starting to think of this and have no prior experience. In addition to reading responses here, we will be spending the next few months researching and learning
We're looking to expand our business operations into the insurance world. We are very, very early in this process, and currently operate a very successful brokerage in another finance market. Our clientele would eat up property insurance, homeowners insurance, etc. so we are thinking this might be our next area of expansion. Since we're very early on in this process, here are a few n00b questions.
Buy vs Build
Should we buy an existing operation if we have the capacity?
Commissions
Generally speaking, is it fair to say we would receive ~8% annually for each policy solid?
Major Challenges/Considerations
Anything we should be aware of?
WWYD
What would you do if you had $150k in cash (minimum) to invest knowing that all other operational expenses would already be covered by existing operations.
Thanks in advance. Again, we are just starting to think of this and have no prior experience. In addition to reading responses here, we will be spending the next few months researching and learning