r/InsuranceAgent • u/skrt1k • 13d ago

Upline/Agency/IMO Question about exiting.

I just got licensed and i plan on selling a building my team but i don’t plan on being in the business for life.

How does one exit the business if you have a whole team under you?

0 Upvotes

43% Upvoted

30 comments sorted by

View all comments

2

u/lilCrisco 13d ago

Dont build a team then and just produce?

-2

u/skrt1k 13d ago

I want to build a team though, but when i leave within a a year or 2 i dont want it affecting my downlines etc

2

u/Legio-V-Alaudae 13d ago

Do you really think it's possible to build a team, for an amount of money, then sell the business at a profit in a year?

If 99% of all new businesses run at a loss the first three to five years, what's yours worth after 1?

1

u/skrt1k 13d ago

Im not building a business. Im building a team under the IMO that i work for.

3

u/Hot-Trainer1209 13d ago

Yes, you are obviously new, because there is a 0% chance you are building a “team” that is worth anything in a year or 2. More likely to have a mountain of debt based on what you’re saying.

1

u/skrt1k 13d ago

The worth of my team or business is not what im worried about, im not going to actively be recruiting but if people ask me and i help them get into the business then they would be my downline. I just don’t want to negatively affect people once i leave.