"Niches Make You Riches" #specialization #generalization #niche #niches #specialist #businessgrowth
"Niches make you riches."
Shelby Cowley joined me on this week's episode of Self-Funded with Spencer, and we discussed how to get the best valuation for your insurance agency.
One key aspect of that is how specialized you are within your market. Anybody can be a generalist, and generalists are sometimes needed, but specialists are often more valuable and set themselves apart in their industry. Focus on what you can do better than anyone else and build a business around that.
Insurance Mergers, Mergers And Acquisitions, Business Sales, Sales, Business Acquisition, Market Dynamics, Transactions, Private Equity Deals, PE, Private Equity, Buyer Selection, Earn Out Period, Seller Representation, Consultant, Insurance Industry, Broker, Representative, Valuations, Growth Strategies, Transaction Goals, Employee Benefits, fixing healthcare, podcast, benefits, health, healthcare, health insurance, self funded, self funding
