Attention agency owners: what is your perpetuation strategy? Does it include a possible larger payout over time, employee commitment and retention and preservation of your agency’s culture and legacy?
In this Rough Notes article, InsurBanc division director Scott Freiday discusses the lesser thought about strategy of a staged perpetuation. This option is a win-win for both the owners and committed employees. It gives the owner the chance to leave gradually on their own terms. Employees with equity now have a stake in the game, they are in it to grow and enhance their investment.
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