Quote:
Originally Posted by cbsmokin
I actually listened to the "become an agent" call the other night. As stated you can start your own agency if you have $50k liquid and your series 6 and 63 licenses. You can also buy out someone else's business for whatever they want for it, but you still need the 50K on top of it. Seems like a hefty investment to only retain 10% of policy premiums. It must be worth it though or people wouldn't do it.
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Here's the deal...within the next month, I'll be auctioning off some farm ground and would expect to have plenty of cash to make an investment into something like this ($50k would be no problem in addition to having no personal debt for a mortgage, student loans, car payments, etc). I would prefer to start up my own company than ever having to go to work for someone else again if I could. One of the things I considered doing with this money was looking into a franchise of some sort, but I wasn't sure of the industry to get into.
Is the 10% the only amount retained for the entire office? Just curious in case I ever got to the point of having a salesman and a secretary.