The course of the COVID-19 crisis thus far has been turbulent, and no one can predict the impact it will have on the world, the economy, or your business going forward. It's hard to know how to evolve your agency to fit the new normal. What we do know is that (1) opportunities can come out of crises … [Read more...] about How to Evolve Your Agency for the “New Normal”
As we approach summer, we thought we'd share some of our favorite business books with you so you can add them to your summer reading list. Many businesses are using this "new normal" time to re-examine their approach, their systems, the way they serve their customers, and their marketing. What … [Read more...] about Top 20 Business Books for Insurance Agency Owners
Very few of us can remember living through a pandemic, much less doing business through one. No one can really predict the impact the coronavirus will have on our economy, but broad indicators do seem to point to an approaching economic downturn. While the insurance industry will certainly be … [Read more...] about The Importance of Cash Flow to Insurance Agency Lenders During a Tough Economy
UPDATE: If you did not receive funds in the first round of PPP, or your bank stopped accepting applications, we want you to know that a second round of funding is likely to be available soon. Note: We do not offer these new federal loans at AgileCap, but we recognize the value that they … [Read more...] about Updated information regarding PPP funds from the federal government.
The end of the year is more than just the bustle of the holidays. For small business owners, it’s also an essential time to give your business some extra attention. A year-end financial review helps you check your money goals, see what worked, what didn’t, and make adjustments for the future. Use … [Read more...] about 3 Steps to a Year-End Financial Review and Financial Planning for the New Year
Don’t Let a Quick Loan Put Your Insurance Agency into a Tailspin! Every week, we find ourselves talking to insurance agency owners who’ve found themselves in a tough financial position. They’ve taken out a loan to solve a temporary cash flow crunch believing they’ll repay it in a couple of months. … [Read more...] about AgileCap’s “Bad Loan” Self Help Guide
Growth is a priority for your agency. You’ve defined your growth strategy and determined how much debt you can responsibly take on. Now you need to find the right lender. As an agency owner, you may discover that it’s challenging to get financing. Traditional lenders require fixed assets to back … [Read more...] about Leverage Your Assets for Growth: Using Your Insurance Book of Business as Collateral for Loans