Episode #34: The Pitfalls of Insurance Agencies: Why So Many Fail

#Insurance #AgencyFailure #InsuranceSuccess
 
🚨 Thinking about starting an insurance agency? Many independent agencies struggle to stay afloat—and some fail entirely. In this episode of Build Your Legacy: Insurance Edition, we break down the top reasons why insurance agencies fail and how you can avoid common pitfalls.
 
✅ Financial Preparedness – Cash flow is king! Why agencies fail when they don’t plan for slow months.

✅ Self-Awareness – Selling insurance vs. running an agency—are you truly ready to make the leap?

✅ Sales First – The biggest mistake agency owners make is getting stuck in operations instead of selling.

✅ Hiring Pitfalls – The dangers of hiring too soon, overpaying producers, and running out of cash.

✅ Chasing the Wrong Business – How taking on the wrong clients or unfamiliar risks can derail your agency.
 
If you’re starting an agency or looking to strengthen your business, this episode is a must-listen. Understanding why insurance agencies fail can help you build a scalable, sustainable, and profitable agency.
 
📢 Learn more about SIA of NC: www.siaofnc.com

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🎙️ Available on YouTube, Apple Podcasts, Amazon Music, Spotify, and more.
 
#IndependentAgencies #InsuranceAgencyGrowth #InsuranceSales #Entrepreneurship #BusinessSuccess #BuildYourLegacy #InsuranceNetworking #InsuranceBusiness
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