Thanks for dropping by............

Hi Insurance Agents,

Welcome to my Blog. I'm excited to be offering tips and ideas that have helped me through the years selling insurance. Here you will find articles, strategies and recommendations on increasing your productivity in the insurance industry.



In the eight years I have worked in the Insurance industry, I have been fortunate to work with many top producers that have shared successful ideas from which I have been able to form some practical strategies.



The tips that I will offer here will keep you increasing productivity and income.



Please check back weekly, as I will be adding articles and tips to increase your bottom line.

Cheers,

Ethan Selph


Saturday, September 11, 2010

Who do you use to help you make business decisions?

I gave up trying to make up decisons about my business by myself years ago. It is just too hard to become proficient in one line of work and then be super good at another. We do have to trust and rely on different specialists to help us in any business venture.

During the past 12 months I have been using the financial firm of Russon and Company for all of my financial decisions. Randy Russon, the owner of Russon-Company, has spent quite a bit of time interviewing me about my health insurance business. He has interviewed me about the strategies of my business model as well as asking what has worked well and what hasn't worked very well.

Randys' poignant questions and positive attitude have helped me feel comfortable in working with him.

Last year because of the help of Randy Russon, he helped me cut over $50,000 of expenses and helped me implement new strategies that increased my business revenue.

Even though my wife is a CPA and helps me quite a bit with accounting needs, she doesn't have the background of analyzing financials that Randy Russon has. Becuase of that we have outsourced most of the financial analyzing to Randy Russon.

This past year I had an insurance agent, at a conference that I spoke at, ask me how much money should I spend in leads? I had no clue what to tell him because when I asked him about his revenue, expenses, and profit margins he had no clue what I was talking about. I referred him to Randy Russon in hopes that Randy would help him put all of the information into Quickbooks and help make recommendations for him. At the minimum I recommend that each business owner meet with someone like Russon-Company once a quarter to get help paying your quarterly taxes. It also helps you to get another persons' perspective on your business.

I have referred quite a number of people to Russon Company and will continue recommend his name for small business owners. His website is www.Russon-Company.com and his phone number is 801-226-9075.