If you are not yet familiar with the E-Myth and the concepts behind the business principles espoused by Michael Gerber it is time you become acquainted. The fundamental tenant of the E-Myth is that a the "technician" or in our insurance world "producer" believes they have what it takes to run an agency and become an "entrepreneur" or "agency owner". The myth is the producer believes he/she will have more time, more money, more control, more happiness, etc. In order not to fall into the entrepreneurial myth, the business owner must be able to work "on the business" not just "in the business".
Take a look at a simple but solid concept called "Your Business Ecosystem" and check out this snippet of content from E-Myth Revisited.
If you have not already read the E-Myth and want to get more insight into the concepts take a look at the E-Myth website at http://emyth.com/blog/
Years ago I read the E-Myth, then E-Myth Revisited, and finally E-Myth Mastery. All of these books are great sources of information and you should consider them as part of your small business ownership education program. Amazon sells all of the books.
It is critical that you think critically about building your business and making sure you are doing the things that will have a lasting positive impact on you and your families financial health long-term!
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- Tague Alliance
- We are a master agent with SIAA. Our goal is to help our independent insurance agency members grow into successful businesses. We provide direct preferred company appointments, high commissions, low production requirements, profit sharing, marketing support, and a ton of other resources.
