Mar 21, 2022
WHY DO BUSINESSES FAIL?
EP 66 - In this episode, we are talking about the top 10 reaosns businesses fail and what you can do to keep your business from failing.
This episode is one of several episodes about how to get started in the insurance business. I’m not talking about becoming an agent, I’m talking to those of you that are thinking about starting an agency, an insurance company, or an an insuretech business.
These are real issues to consider. It’s geared for those of you who are thinking about getting started or those that have started and are looking for ideas to build a better business.
Every business has similar issues. It doesn’t matter if you are an insurance agency, a contractor or a tech company. If you are running a business you will have similar challenges. So before you open your doors, before you invest in the expansion, give some thought to these concepts and work through them before you take the next plunge!
So to recap reasons why businesses fail:
Remember, these are all just different reasons why businesses fail. Some of them you can’t predict and some of them with some adjustments you can easily course correct. Having a realistic plan will really help you to see great results.
I don’t want you to fail, I want you to succeed. But if you don’t have experience running a business, these are concepts you need to think about to increase your chances for success!
UNTIL NEXT TIME
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ABOUT THE HOST
This episode of the Business of Insurance podcast is produced and hosted by Debbie DeChambeau, CIC, AAI, CPIA - an entrepreneur, business advisor, insurance professional and content creator. Her goal is to inspire you to think differently and explore ideas that disrupt the status quo.
Debbie has an extensive business and marketing background with a focus of helping insurance professionals be more successful.