In addition, the typical seller has given a lot of thought to retirement. This is not a step taken lightly. In spite of all that, many sellers do a lousy job of selling their agency. They are familiar with selling insurance, but not with selling companies. There is a lot involved in selling an insurance agency that bears little resemblance to selling a policy.
Every agency is unique, and every seller's circumstances are different.
What works for one person may not work for another. So we'll look in this article at some common mistakes that sellers typically make. We can't cover every consideration that you may have, but hopefully we'll cover some important considerations that may help you in the planning process. No matter who you are, or what age, or what your agency's situation, you need to have an exit plan. You need an exit plan because things take time.