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Member You - How To Reduce Your Business Insurance Premiums By Up To 10%
A look at a UK mortgage broker franchise and the UK mortgage indutry.Many people thinking of entering the UK Financial Services Industry as mortgage advisers think that the way forward is to look for UK mortgage broker franchises with a view to buying into a mortgage broker franchise of some kind. In my opinion, the reality of all this is that most UK mortgage franchises either offer bad value for money or they have just not evolved yet to the required standards.With the Financial Services Authority (FSA) now regulating the mortgage industry, it have become an extremely expensive franchise to both set up, train individuals and to maintain the standards set out by the FSA. As a consequence of this the market is either shrinking or at best standing still. With the expansion of Networks springing up in the UK, a lot of experienced advisers have scurried under their umbrella and newly qualified advisers continue to struggle to find work.With the regulations of the mortgage industry now well on the way,
INTRODUCTIONThe typical approach executive teams use to cascade, or roll out, their strategic direction is to produce a clear set of goals, objectives, critical success factors or a scorecard and then get each departmental or functional manager to take this on board and customize it for their part of the organisation. The trouble then begins…A TYPICAL APPROACH: EACH DEPARTMENT ADOPTS OR ADAPTS A VERSION OF THE CORPORATE STRATEGYThe first phase of most organisational planning processes is that the organisation's executives design and express a strategic direction using a framework of some kind. Commonly this framework will be something like a collection of key result areas or critical success factors or balanced scorecard (1) perspectives or triple (or quadruple) bottom line, and so on. Strategic goals or objectives will be developed within each part of this strategic framework, along with a set of key performance indicators (fondly nicknamed KPIs by the majority of the English speaking business world).For example
Studies of the insurance industry indicate that at any given time only about 3% of companies are unhappy with their insurance agents. That means that all the insurance agents who want to expand their book of business have to constantly look for those 3% of companies who are ready to make a change.
The sad fact is that most of the remaining 97% of companies could probably decrease their business insurance premiums by up to 10%. That 10% savings is an average. A small percentage of companies are already getting the best deal possible. I have only rarely seen insurance carriers decline to compete with existing policies.
While you may be happy with your current broker, rest assured your current broker is ecstatic with you. You represent money in the bank to him. He may even be charging you additional "placement fees" on top of earning a standard 5-10% commission. If you agreed to the fees in the first place, cool. But some agents
As a Franchisor with a 17-hour a day, 7-day per week decade long run before retirement I found myself opening units serving 450 cities, 110 markets, 23 states and 4-countries. Later as a Franchising Consultant and prior as a Board of Director for the American Association of Franchisees and Dealers, I met many a failed or disgruntled struggling franchisee. Many of these franchisees blamed their Franchisors, they blamed their partners and the blamed the Government Regulators and yet never stopped to look in their own mirrors.Indeed I see the situation as personally and financially catastrophic and yet I take a more balanced approach to all this really. You see we live in the greatest nation in the History of Mankind, generally due to all that capitalism has provided, economies of scale, productivity, choice, competition, etc. In America we have the right to unlimited success and with this privilege comes the right to fail miserably as well. If we over regulate we cause more failure not less. We create weakness, weak markets, weak busin
The sad fact is that most of the remaining 97% of companies could probably decrease their business insurance premiums by up to 10%. That 10% savings is an average. A small percentage of companies are already getting the best deal possible. I have only rarely seen insurance carriers decline to compete with existing policies.
While you may be happy with your current broker, rest assured your current broker is ecstatic with you. You represent money in the bank to him. He may even be charging you additional "placement fees" on top of earning a standard 5-10% commission. If you agreed to the fees in the first place, cool. But some agent
It matters very little whether you are a selling rookie or a seasoned professional, sooner or later, you will find yourself mired in a selling slump. There are a number of actions you can take to shorten the duration of the slump, lessen the financial impact and reduce the emotional drain that a slump can cause you. This is 'Tip 5' in a series.Selling slumps are as perennial as the seasons but they don't need to destroy your career. Understand that they are part of the marketplace and they always will be. They are caused by a variety of factors but always keep in mind that you didn't just wake up 'dumb' one morning. When you understand that fact, it will be easier to recognize that the situation is temporary. In old writings authors often used the term, "it came to pass". They didn't use the term, "it came to stay".Tip #5: Build relationships rather than simply working to establish rapport. Many sales trainers, sales courses and selling books teach the importance of establishin
The sad fact is that most of the remaining 97% of companies could probably decrease their business insurance premiums by up to 10%. That 10% savings is an average. A small percentage of companies are already getting the best deal possible. I have only rarely seen insurance carriers decline to compete with existing policies.
While you may be happy with your current broker, rest assured your current broker is ecstatic with you. You represent money in the bank to him. He may even be charging you additional "placement fees" on top of earning a standard 5-10% commission. If you agreed to the fees in the first place, cool. But some agent
When I use the terms "Dominant People" I am referring to those people who tend to take charge, to be little abrupt, seem to be arrogant, to be impatient, and don't always listen. It's their way or the highway in many cases. Many people are intimidated by Dominant people. Most of us do not like conflict, but Dominant people always seem willing to create it.Typically, most of us manage Dominant types by staying out of their way. We avoid confrontation, avoid saying how we really feel, and often tell them what we think they want to hear. We rationalize our avoidance by complaining that the Dominant person is insensitive, aggressive, impatient, and arrogant. We complain about these "faults" but they really aren't faults at all. They are strengths. Let me explain.Insensitive means that the Dominant person doesn't care about your feelings. It isn't that he doesn't care. He just isn't aware that you have feelings. What this means is that the Dominant person is so focused on task that feelings aren't even on his radar screen. The a
While you may be happy with your current broker, rest assured your current broker is ecstatic with you. You represent money in the bank to him. He may even be charging you additional "placement fees" on top of earning a standard 5-10% commission. If you agreed to the fees in the first place, cool. But some agent
Managing Six Sigma right from data collection through to final success is a long walk of sifting through loads of raw statistical data collected from various aspects. Six Sigma software tools are basically statistical interpretation tools while a small number of them are also available for data collection itself.On top of the Six Sigma software hierarchy is the comprehensive tool of reference designed with participants including business leaders in mind. This comprehensive reference tool is helpful in providing the users with vital data essential for deign efforts and/or for making successful improvements to processes.Comprehensive Six Sigma Software ToolsIt is essential for us to concentrate on these types of comprehensive tools when discussing software tools in general. Let us see how these all-encompassing software tools act as data repositories, which can be accessed at an appropriate time for further work and interpretation. The user interfaces are excellent which guide you through maze complex tools and sub projec
The worst possible way of reducing your insurance costs is to ask 2 or more agents to compete for your business. Unlike manufacturers or distributors who can reduce costs and offer discounts, insurance agents don't have much wiggle room on price. All they can do is cut their commissions. While that may seem okay to you, what you really want is for the agents to reduce the total premiums.
Do the math. If you're paying $250,000 a year on business insurance, would you rather save $25,000 (10% of the premium) or just part of $25,000 (the agent's commission less whatever he is willing to give up)? If you take the 10% premium reduction, the agent automatically gives up 10% of his premium, which is equivalent to only 1% of your overall cost. By working with the agent, you save more money b
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