Whats a good growth number for an aggressive independent agency?
Multiline agent since 1995, I'm purchasing a small independent agency with some very competitive appointments. Its just the owner and one part time CSR. I've got access to current clients and referrals w/x-dates and policy info from a retiring captive agent. So, I've got a good base to work from.
Renewals will pay all the bills in the first year.
Figuring on $300,000 in FYC premiums the first year, and adding 1 employee a year for the first five years, is 25% premium growth a year for five years an unreasonable goal?
Multiline agent since 1995, I'm purchasing a small independent agency with some very competitive appointments. Its just the owner and one part time CSR. I've got access to current clients and referrals w/x-dates and policy info from a retiring captive agent. So, I've got a good base to work from.
Renewals will pay all the bills in the first year.
Figuring on $300,000 in FYC premiums the first year, and adding 1 employee a year for the first five years, is 25% premium growth a year for five years an unreasonable goal?