GLG News Analyses of the following article:

Local insurance agency network's profits grow slower

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Published at: www.news-journalonline.com

Agency Entrepeneurs - A Horse of Many Colors

October 24, 2007

GLG Expert Contributor

    A very old agent once said, "I have learned that in this business you need to specialize." Somebody else once said, "Get a high tolerance for ambiguity, you will be a lot happier." That is good advice for agency entrepreneurs. It definitely takes a horse of many colors to successfully manage an agency over the long term, so anyone thinking about doing it needs to prepare themselves for getting good at things they have never done - and very quickly.

John David CoffeyPresidentDavid Coffey Agency, Inc. 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Should you start an insurance agency?

October 23, 2007

How hard could it be to start an insurance agency and make it profitable?Would it be wiser to learn first under mentors?

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