How You Can Start Your Own Insurance Empire
Maybe you are tired of living someone else’s dream and don’t have an idea of a business to start. If you have great people skills and only a couple of thousand dollars the insurance business is a great first venture into entrepreneurship. The article is also a great setup on doing a detailed analysis of what it might take to switch careers from evaluating start-up costs to gaining valuable experience.
Looking for a recession-proof business? Insurance is one of those industries that is largely untroubled by the state of the economy.
The reason is that most insurance products are necessary part of modern life. You can’t own a car without automobile insurance, and while your mortgage company may not require that you have homeowners insurance, would you really consider leaving the single biggest investment of your life unprotected?
My grandfather was an insurance agent and he did really well for himself. He got a new house built every few years and everyone in town knew who he was. If you have salesmanship skills and are a people person it’s a great industry to be in. You get paid a percentage of the premium every time one of your client’s pays their insurance bill. Get enough loyal clients and you may only have to work one month a year.
See what it takes to become an insurance agent and build a business.
About Shaun Archer Tatum Shaun works in corporate finance in New York City. He has done financial consulting for several start-ups and has worked at several Fortune 500 companies. He has contributed several finance/investing articles on Seeking Alpha which have been published on Yahoo! Finance.