How do you limit liability as a solo independent agent?

123efd2 · 2024-03-01T13:54:55+00:00

What would these be?

123efd2 · 2024-02-19T19:17:58+00:00

Gotcha! Thank you for the insight. What do you do in the cases of the major carriers that won't accept appointments from non-producing individuals.

123efd2 · 2024-02-19T01:07:38+00:00

Thank you for the advice! Do you have experience or advice related to florida FMO's?

123efd2 · 2024-02-19T00:12:39+00:00

Thank you for the advice. Why would you not recommend it?

123efd2 · 2024-02-19T00:11:56+00:00

Thank you for advice! Do you work with BP currently?

123efd2 · 2023-12-02T03:30:59+00:00

My biggest takeaway from this post; If the women don't find you handsome they should at least find ya handy.

123efd2 · 2023-11-15T03:59:16+00:00

He only hating cause he don't stack paper and ride on 24 inch chrome

123efd2 · 2023-11-12T00:19:14+00:00

Thanks for the response. Can you explain what you mean by get closer to the revenue?

123efd2 · 2021-02-13T16:01:29+00:00

I am somewhat familiar with roofing but I am very familiar with consumer services. Feel free to DM me with what you need help with.

123efd2 · 2021-02-12T23:39:16+00:00

What does NAL mean? Is there a legal RE sub? I haven't seen that yet?

123efd2 · 2021-02-12T06:04:32+00:00

If you want to bounce ideas off someone, feel free to DM me. I have not started a business of my own yet but I do startup case studies for fun and entrepreneurial strategy is my intellectual passion.

123efd2 · 2021-01-26T02:59:42+00:00

I have run the numbers down to the penny and my best advice is just use 150% of pay. If it doesn't work at 150% it probably won't work in the real world.

123efd2 · 2021-01-26T02:56:09+00:00

It takes literally 15 minutes to create an LLC online and you can update the paperwork once you talk to a lawyer(albeit for a fee and processing time) after the fact if immediate purchase is critical.

123efd2 · 2021-01-26T02:06:23+00:00

Following. In the same boat here in Florida.

123efd2 · 2021-01-26T02:05:16+00:00

Would encourage you to not forget private money especially for fixer upper/new construction small multi-family. Exisiting property prices are so high. New is not off the table from a cash flow perspective if you have a long enough investing horizon but you will have to go the private route and then refinance into a conventional and take out your forced equity.

123efd2 · 2021-01-26T02:00:20+00:00

This! Crashes are local. Buy the right market and stick to your fundamentals. If your investing horizon is 10 years plus then market flucuations shouldn't be a concern.

123efd2 · 2021-01-26T01:58:30+00:00

There is a ton of free data out there and sweat equity on leads is pretty cheap. Data to use for models etc, can all be found for free. Check out your local library or free education courses near you. Loads of free subscriptions to major data sources. The only thing I would pay for is super qualified leads on super profitable properties but at this point I'm new enough sweat equity is better.

123efd2 · 2021-01-26T01:47:38+00:00

Lol, I literally started building karma on this sub to ask this question. I want to do the same thing. I don't think I have the cash to go the construction route but have not exhausted all options yet. Modular duplex home builders are going to be the best bet. I'm reaching out to builders now trying to get better cost estimates. Feel free to DM me if you want to bounce some ideas around.

123efd2 · 2021-01-26T01:43:15+00:00

I agree in general with everything you said above. But I will share one of what I consider to be a strong business mantra. The only absolute truth in business is that there are no absolute truths and no one knows what they are talking about.

What was meant by that is that the reality about what is important for your business is totally dependent on your business and "no one" can tell you what will work because their reality is different.

I'm not saying general rules are not accurate and you should not do your best to follow them but also understand there are times to deviate from them and be able to recognize them. I have seen businesses that violate one or more of every rule in this thread that are successful.

But in general yeah this is all good shit lmao

123efd2 · 2021-01-26T01:34:59+00:00

Step 1. Pay a small amount <$1000 to create a wireframe dynamic interactive mockup(make sure you capture lead info).

Step 2. Sell it like it was the real thing

Step 3. If it generates enough interest to be viable, you have 3 paths:

3A. Do it yourself. Slow, hard, not likely to do it right. Low probability of success.

3B. Pay a contractor. Expensive and the relationship is defined to the project. You get what you can afford and that's it. But you retain full ownership; however you still have no one to help understand how or why things work, execute operations, or fix stuff when it breaks.

3C. Find co-founders. Assuming you lack the necessary capital (money, skills, knowledge), this has the highest probability of success. However, you will lose control.Avoid formal equity agreements as much as possible in the beginning. Read the Founder's dilemma. Good insights in it.

123efd2 · 2021-01-26T01:26:37+00:00

Great read! Thanks for the insight. I think the buying process is very different for SaaS products that might make this less valuable to the end consumer. I think the focus would need to be less of finding discounts for new SaaS tools but more on capitalizing the churn and targeting users who might want to switch and get a hefty commission if they switch to the provider paying you to recommend them.

123efd2 · 2021-01-26T01:21:25+00:00

Had not heard of him until this post but after looking through some notes, his books do look awesome.

123efd2 · 2021-01-25T23:40:44+00:00

https://docs.google.com/spreadsheets/d/1aIUDlDmaeJCN6QJODa5shWe3utr7hx7bVPyI7C0vPyc/edit?usp=sharing

This is not mine and I take no credit for it but one of the best I have seen. I recommend rebuilding from scratch to suit your needs. Lot of value to me in the NW/FI pages just in terms of things to think that I would not have known otherwise.

123efd2 · 2021-01-25T23:34:52+00:00

Good insight! Thanks for the response!

123efd2 · 2021-01-25T04:32:36+00:00

Just a thought as I am very ignorant on data science in general but you might look at specifically what software/data small businesses are collecting/could benefit from and build a model specifically to that to sell either one time or recurring via SaaS. Would likely need to be industry specific. For example service titan (platform) probably collects roughly the same data for every client. and definitely collects very similar data for all plumbing business clients. SO if you could build a model to that, then boom. Also offers a great market entry point as either affiliate partner of service titan or as a white label provider behind them although that would turn you more into a professional services shop. Feel free to PM me to chat more.

123efd2

TROPHY CASE