Plynthe Insurance – an independent personal and insurance brokerage, located in Peristyle Gardens, will serve the entire town. Kolem Plynthe (a newly licensed insurance agent) will launch the company as a house-based business. In future years, Plynthe plans to expand the office to allow him to collaborate with associate agents. Plynthe is an experienced salesperson and has the potential to succeed in the insurance market.
Plynthe Insurance has the potential to be a lucrative business that will provide salary and dividends in return for Kolem Plynthe as its sole owner. Plynthe’s salary and profits will rise moderately, but steadily. The business can be launched without external investment or loans, relying only on Plynthe’s savings and personal borrowings. Plynthe Insurance requires a long-term loan for expansion financing. This loan will be required in the second year of its operation.
Plynthe Insurance will judge its success on meeting the following objectives:
- Rapidly build revenues in the first year.
- Rent an office to add an associate agent for insurance in the second-year.
- The company’s third year of operation saw its revenues double and it made a good net profit.
Plynthe Insurance was established to make Peristyle Gardens more secure by providing property, casualty and life insurance. It offers a variety of insurance options.
Keys to Success
Plynthe Insurance will apply these principles in order achieve its objectives.
- Keep your distance from any insurance provider’s direct affiliates
- For all the possible risks in their lives, it is important to think holistically about each client’s needs
- Keep a reputation for care, fairness and empathy.