Plynthe Insurance – an independent personal and insurance brokerage, located in Peristyle Gardens, will serve the entire town. Kolem Plynthe who is a new licensed insurance agent will launch the business. It will initially be a home-based company and then grow to a smaller office where Plynthe may collaborate with agents. Plynthe’s success as a salesperson makes him a good choice for the insurance industry.
Plynthe Insurance will be a successful business that will pay salaries and dividends to Kolem Plynthe its sole owner. Plynthe will receive a moderate increase in her salary, as well as steady profits. Plynthe’ can start the business with no external investments or loans. Instead, she will rely on her personal savings and borrowings. Plynthe Insurance must take out a loan over the course of its second year to finance office expansion.
Objectives
Plynthe Insurance will be judged on its ability to meet the following objectives.
- Build revenues quickly in the first year of operations.
- Rent an office and add an associate insurance agent in the second year of operations.
- The company’s third year of operation saw its revenues double and it made a good net profit.
Mission
Plynthe Insurance’s mission is to provide insurance that covers property, casualty, life, and other risks to Peristyle Gardens residents.
Keys to Success
These principles will help Plynthe Insurance achieve its goals.
- You can remain independent from any affiliate ties to specific insurance companies
- For all the possible risks in their lives, it is important to think holistically about each client’s needs
- Maintain a reputation of care, fairness, empathy, and expertise
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