Agency Navigators™
Welcome to the Agency Navigators Podcast! Hosted by AgencyCFO™. With best practices as our guide, our team integrates financial, organizational and growth excellence within independent insurance agencies across the United States. We have one mission: navigate independent insurance agencies to higher GROWTH, PROFIT, AND VALUE. Tune in for guidance on navigating your agency forward.
Agency Navigators™
10: Your Agency is Not a Bank, Separate Your Finances
It’s the gray area that no one really talks about… complete separation of personal and agency finances. Agency owners, we get it. It’s your agency and your money, so why are we even talking about this topic?
As the agency owner, it’s your responsibility to promote sound business decision making and running the agency as cleanly as possible – just as you expect your team to.
Not separating the personal and agency finances could:
- impact the valuation of your agency
- demoralize team members
- lead to IRS implications (& brand damage!)
…and these are only some of the reasons why clarity and complete separation are important. Listen in for tips on HOW to shift to complete separation.
Connect with us!
LinkedIn: linkedin.com/company/rdadvisorygroup
Facebook: facebook.com/rdadvisorygroup
Twitter: twitter.com/roeanddon
Youtube: RD Advisory Group - Roe and Don Polczynski, Jr.