Agency Valuation Program
There are a lot of reasons why you need to know the value of your agency! PIA of Indiana and IA Valuations have partnered to provide you the information you need.
Why get a Valuation?
You wouldn’t leave money on the table anywhere else… so why would you do it with your agency? Basing your agency value on industry folklore can be costly. Simply believing that your agency is worth some multiple of revenue (2x) could be an expensive mistake. So many factors go into a true calculation of agency value. Don’t guess at your agency’s value. Get a professional analysis and complete a valuation.
Three Tips to Start your Planning Process:
1. Time is incredibly valuable to you and your agency. Knowing your value and what drives your value is powerful. The earlier you gain this understanding the more time you have to increase your agency value.
2. Take action by utilizing these practical examples. We discuss several insights and the practical steps you can take today to increase your agency’s value. We shared how reallocating resources and investing in your agency can significantly improve your agency’s value over time. It is much like the time value of money when investing in stocks - the earlier you invest, the greater the potential return. There are several key areas where you can make investments in your agency to drive your value up.
3. Every agency needs to have a plan. Your agency is most likely your biggest asset and may even represent your life’s work. It needs to be protected. The best way to do that is to have a thoughtful plan for the future. We have resources and expertise available to help you every step of the way as you build the plan that is right for your agency. This is one of the many resources that we have built to help our agents continue to flourish. Our team is excited about your future and want to be a part of giving you as many options as possible as you plan for the future of your agency.
Why get a Valuation?
You wouldn’t leave money on the table anywhere else… so why would you do it with your agency? Basing your agency value on industry folklore can be costly. Simply believing that your agency is worth some multiple of revenue (2x) could be an expensive mistake. So many factors go into a true calculation of agency value. Don’t guess at your agency’s value. Get a professional analysis and complete a valuation.
Three Tips to Start your Planning Process:
1. Time is incredibly valuable to you and your agency. Knowing your value and what drives your value is powerful. The earlier you gain this understanding the more time you have to increase your agency value.
2. Take action by utilizing these practical examples. We discuss several insights and the practical steps you can take today to increase your agency’s value. We shared how reallocating resources and investing in your agency can significantly improve your agency’s value over time. It is much like the time value of money when investing in stocks - the earlier you invest, the greater the potential return. There are several key areas where you can make investments in your agency to drive your value up.
- Allocate resources to invest in growth
- Reduce your risk factors
- Document and implement a buy-sell agreement and perpetuation plan
- Understand the tax implications of your current corporate structure
3. Every agency needs to have a plan. Your agency is most likely your biggest asset and may even represent your life’s work. It needs to be protected. The best way to do that is to have a thoughtful plan for the future. We have resources and expertise available to help you every step of the way as you build the plan that is right for your agency. This is one of the many resources that we have built to help our agents continue to flourish. Our team is excited about your future and want to be a part of giving you as many options as possible as you plan for the future of your agency.
Perpetuation Webinars Brought to you by IA Valuation:
New for 2023, we are bringing you valuation and business planning webinars throughout the year!
These programs will help inform agency owners about how to effectively plan for their growth and transition. These webinars are free for PIA of Indiana Members or $25 for non-members.
These programs will help inform agency owners about how to effectively plan for their growth and transition. These webinars are free for PIA of Indiana Members or $25 for non-members.
Join us for an upcoming webinar:
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May 24th
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12:00 - 1:00 PM EST
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Approved for 1 hour of IN CE
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June 12th
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12:00 - 1:00 PM EST
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Approved for 1 hour of IN CE
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August 16th
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12:00 - 1:00 PM EST
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Approved for 1 hour of IN CE
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October 25th
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12:00 - 1:00 PM EST
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Approved for 1 hour of IN CE
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Ready to register for a webinar?
Contact Laura at (317) 899-9192 or Laura@PIAIndiana.com
Ready to learn more or to start a valuation for your agency?
Contact Jodie Shaw at (614) 552-3036 or jodie@ohioinsuranceagents.com
Contact Laura at (317) 899-9192 or Laura@PIAIndiana.com
Ready to learn more or to start a valuation for your agency?
Contact Jodie Shaw at (614) 552-3036 or jodie@ohioinsuranceagents.com
