The issue of when to sell your agency is just as important as whether to sell your agency. Financially, many small agency owners would do better to sell their agency and become a producer for the buyer. It's also an issue of work/life balance. Everyone has a limit to how long they are alive. Is it worth it to continue to work to earn a few extra dollars in exchange for spending time doing things that interest you or time with loved ones?
Making the decision as to when and if to sell the agency is difficult. Speak with a qualified agency consultant to assist you in making this life decision.
About the Author
Jon Persky , CPA, CIC, PHR is the President of Optimum Performance Solutions, LLC (www.optperform.com), an insurance agency consulting firm providing valuation, merger & acquisition, and agency perpetuation planning services to agencies nationwide. He can be contacted at 813-835-7337 or email@example.com.