Unstoppable Profit Podcast Hosted by Mike Stromsoe

Episode 190: Your Numbers Tell the Truth

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All we want is your higher achievement, your massive success and without knowing your numbers you cannot reach the heights that you deserve.  In this episode, I am going to take you through the importance of getting your numbers together consistency and making them part of your daily habits.  If you don’t know these 8 KPIs of your business, you cannot truly measure its success.

 

Highlights:

  • Have a historical trail of what your revenue and your premiums has been for the last three to five years. These are two very different numbers.
  • Know your number of in-force clients; live clients that have at least one in-force policy with your agency.
  • There are two ways to measure your retention; retention percentage by client or retention percentage by policy.
  • Your best source of new business is referrals.
  • Be aware of the percentage of commercial insurance versus personal insurance versus health insurance (individual or group) versus life insurance.
  • You should have a reconciled profit and loss statement and balance sheet available at your fingertips within the end of the month for the last 60 days.

    •  

    Until next time, get out there and make a difference, be unstoppable, and leave no regrets!

    Mike Stromsoe

    The Unstoppable Profit Producer
    Call 800-770-9984
    Website: http://unstoppableprofitproducer.com/

    Virtual Events: http://www.uppfaststart.com/

    Email [email protected]

    Podcast: http://unstoppableprofitpodcast.com

    Virtual Training: http://uppfaststart.com

    In Person Training: http://beunstoppablebootcamp.com

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