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LOUISIANAAGENT
Carey Wallace Agency Focus In order to best plan for the future, an agency owner must consider three main components: their business, financial and personal readiness. Of those three areas the most overlooked area is by far the owner’s personal readiness. Many business owners have spent their lifetime working in their business, and the thought of not doing that every day is in a word - terrifying. They have no idea how they will spend their days if they are not working in the business that they have called home for most of their life. The business has become such a huge part of their identity, social life and sense of accomplishment that the thought of no longer having a part of their daily life is unthinkable. It is often the reason that so many business owners put off planning for the future of their business as they do not want to wrestle with what's next for them.
business not realizing it full value. In order to think about what the next chapter of your life may be after you transition ownership of your agency, ask yourself some of these key questions: What experiences have I always looked forward to having? what are some ways that I would love to give back to my community, family, industry or group? What are some key interests or hobbies that I have never been able to commit enough time and energy to? Are there places that I wish to visit, people I would like to spend time with or things I have always wanted to learn more about?
For those that have spent the time and given this topic a fair amount of consideration, they are ready. The have thought about all of the things, Sadly, this avoidance and lack of planning often experiences and activities that they are leads to limiting their options – or worse yet – their passionate about and/or bring them a great sense
