Personal Insurance Agent Business Plan


Personal Insurance Agent Business Plan


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&#8217 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.

  1. Build revenues quickly in the first year of operations.
  2. Rent an office and add an associate insurance agent in the second year of operations.
  3. 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.

  1. You can remain independent from any affiliate ties to specific insurance companies
  2. For all the possible risks in their lives, it is important to think holistically about each client’s needs
  3. Maintain a reputation of care, fairness, empathy, and expertise


Personal Event Planning Business Plan


Personal Event Planning Business Plan


Opportunity

Problem

The fast pace of the world we live in leaves little time for extra things we would like to do, like plan events, parties, and social get-togethers. Due to rising incomes and increasing population, this service is in high demand.

Solution

Occasionsis equal opportunity business. It offers its expertise and products to help customers plan their events. Party Packs (complete kits for their event), make hosting a party a snap, right down to the refreshments. Event planning software allows users to plan interactive events as easily as from their own computers. Occasions is committed to being the most trusted resource for every event.

Market

The market for event planners is broken down into many distinct segments. Both individuals and businesses need the services we offer. To provide the best information possible, we divide the market into age groups and private and public organizations.

Competition

Occasions stands out in a competitive market. Occasions competes against conference centers, hotels with conference facilities, other event planners on a large and small scale, individuals within an organisation who are given the task of organizing events, and those who want to organize their own events. Our services are far superior in price and quality to those offered by our competitors.

Why Us

Occasions has a primary purpose to be a service-oriented business. However, we also offer products which can help customers plan their event. Customers get our knowledge and contacts to plan their perfect event at an affordable price.

Expectations

Forecast

Tax rates are noted for information. These rates would not impact our loan burden. What hits Occasions the hardest (but not nearly are bad as other service businesses), is the tax rate of 24%, which is nearly one quarter of the total sales. These numbers will become more of a reference than influence as Occasions grows.

Financial Highlights by Year

Financing Required

Owners will contribute $25,000 to cover startup costs and salary for this part-time business.