R.I.A 1 Page Business Plan

Insurance agency services Business Plan

R.I.A 1 Page Business Plan

Overview

R.I.A has a clear business objective to develop, produce, promote and distribute Insurance agency services services. These services have been developed over 6 months with a core focus on addressing the key customer problem and associated opportunities.

The Business Objectives

When as a key component of our growth strategy we consider it critical to identify and outline our business objectives, and align these objectives with clear and measurable development milestones. Our key long term business objective is to acquire new customers. Customer acquisition is considered to be the critical activity and we are seeking to grow the number of customers. We understand that customer growth could be at the expense of profitability, and that there is a cost associated with customer acquisition. Our long term objective is to build a clear customer acquisition process.

The Customer

R.I.A has been created with a clear focus on the needs of our customers. Through a structured customer discovery process, we have validated the key customer problem as Timely and available responses, professionalism, uptake of technology, convenient cover acquisition.. This is a critical issue for our selected target market of You and what matters to you.

The Value Proposition

R.I.A is uniquely positioned to deliver value to You and what matters to you. "R.I.A will Insuring your tomorrow today." In order to be deliver on this value proposition, we Current team and experience guarantees top notch service. This capability has taken considerable time and resources to develop and forms the cornerstone of our competitive advantage.

Competitors

We have a number of competitors within the Insurance agency services market. We consider our key competitors to be: AON, Bancassurance, Eagle, Insurance companies, smaller insurance agencies . Our understanding of these competitors has been used to refine our strategy and value proposition. We believe that we can compete effectively with AON, Bancassurance, Eagle, Insurance companies, smaller insurance agencies by Small player such as small agencies, but giving top player professionalism. Guaranteed service delivery. .

Key Strategies

Over the next 6 months our focus will be to Appoint a sales manager and a commission based sales team who will be geared to achieving targeted monthly sales. As well, provide seamless and professional service to gain referrals and increase wallet share per client. . This task will be undertaken in the context of our broader strategy to After the first period, the task will be to maintain 95% retention. To lock in larger corporates with an existing track record and bring in permanent employees to then create business development, and back office functions. As well, in 12 months the aggression of the agency should be notable in the corridors of major insurance companies.. These strategies are a tactical implementation of our overall business goal as outlined above.

Milestones

Measurement of the successful implementation of our strategies will be governed by measurable development milestones. The milestones that will be achieved over the next 2 years are: Average Quarterly target achievement of 20 mil Hold strong corporate accounts every month Launch custom products in conjunction with insurers

About this document
Insurance agency services Business Plan
This document was created by Jonathan of R.I.A using the 5 minute Business Plan App. This technology and approach is powered by HyperQuestions.

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