Are you sibling business partners working together in an insurance agency?
Siblings working together in an insurance agency can be challenging, but also has many benefits. It is important to foster cooperative working environments and use each other’s strengths wisely. Boundaries need to be established between personal and professional lives, and communication needs to be open and honest. Job descriptions should be set up from the beginning and wins should be celebrated. Nepotism should be avoided, and sibling rivalry should not be tolerated. Family relationships should be kept separate from business relationships, and respect should be shown in order to have a successful family-owned business.
Running a business with your siblings can leave a great family legacy. It can also destroy families. Structuring how to handle challenges before they arise is critical to being sibling business partners. Use your strengths and stay away from needling in on weaknesses. You are better together than apart!
Check out what we cover in this video
- 00:00:00 We have to foster cooperative working environments
- 00:00:18 Host Introduction
- 00:00:27 So do you remember all those fights growing up with your siblings?
- 00:02:02 The trust is beneficial because you’ll be working closely together in a business setting.
- 00:02:53 But there are challenges that go along with working with siblings
- 00:05:13 Set boundaries between personal and professional lives
- 04:16 You need to make sure you build professional relationships
- 00:07:32 Make sure you build an agency culture you are proud of
- 00:08:03 We are here to help build that foundation
- 00:08:24 You want to keep really good boundaries job descriptions
- 00:08:39 Getting to them on purpose
- 00:09:34 Tip for tat talking about all the stuff that’s happening in the business?
- 00:09:43 It’s not a bond that you want to lose
- 00:10:31 Make sure you’re understanding what each other is looking for
- 00:11:05 Show your local people around that you guys respect each other
- 00:11:27 Conclusion
Check out the APP Resources on Sibling Business Partners In an Insurance Agency
- Check out our blog on Common Challenges in Working With Your Siblings in An Insurance Agency: https://bit.ly/ins-sibling-partners
- Get our FREE Sample Family Contract (avoid those family arguments): https://bit.ly/424Qr5W
- Get our Agency School @ 10% off with code: BACKTOSCHOOL https://bit.ly/3NGJ7dg
- Book A Meeting: https://bit.ly/3I8H0v8
- Are you looking for insurance training to grow your insurance agency? https://www.agencyperformancepartners.com/work-with-us/
