The following is a summary of the main points of this plan.In conclusion, as shown in the highlights chart below, this plan projects rapid growth over the next three years with a profit forecasted in the second year of operation and continuing into future years of operation.The longer the relationship stands, the more we help our clients understand what we offer them and why they need it.Tags: Soweto Uprising EssayDirt Bikes EssaysShort Essays For Reading ComprehensionMacbeth Essays On Blood MotifAn Essay About MusicIs Black History Month Still Necessary EssayTeaching Critical Thinking Nursing EducationFunny Creative Writing PromptsHow To Cite A Source In A Research Paper
Agency is in the process of being formed as an insurance agency owned and operated by State Farm.
This plan is written as a guide for financing, start-up and management of this new agency and will also serve as the basis for measurement.
Born and raised in Massillon, OH, the agent is closely familiar with Stark County and Northeast Ohio.
As of 2007, the State Farm Insurance Company is the largest insurance company in Stark County with 23% of the market share.
What makes insurance sales different from other sales are the assigned sales and renewals.
In most cases, without an increase in monthly production, the monthly income will almost double due to renewals.Agency's intention is to hire only those who demonstrate the qualities necessary for working in a professional environment, and the willingness to move forward in continuing education.We will be hiring the ultimate "people persons" to provide world class service.Each element will be discussed separately and in its entirety below: - are comprised of three categories, 1) insurance-produced sales, 2) insurance-assigned sales and 3) Insurance renewals.The insurance products used to forecast new sales are, auto and high risk auto (renews every six months), property structures such as homes, over stated, condominiums, renters and landlord insurance, commercial, life and all other types of recreation vehicle insurance, (renews annually).Agency's competitive edge is our positioning as strategic ally with our clients, who are clients more than customers.By building a business based on long-standing relationships with satisfied clients, we simultaneously build defenses against competition.In addition, each milestone is important to achieving the financial forecast used in this business plan.The following is a brief description of each milestone: The management philosophy of State Farm/Sample Agency is based on respect for every client, and individual responsibility.Actual sales growth for the second year is 20% due to adding a producer for continued sales growth and exponential growth of insurance renewals.The third year of sales reflects an actual growth of 19% due mostly to the increase in insurance renewals.