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February 18, 2025, 12:08 am UTC

The Johnson Insurance Agency 262012818 | Government Grant Application

The Johnson Insurance Agency | Application Preview

 

The Johnson Insurance Agency is seeking government grants to support several key areas of its operations. The funding will be allocated towards staff training, settling existing debts, purchasing office supplies, obtaining necessary licenses and permits, marketing efforts, and covering travel expenses for out-of-state business.

The agency's business plan focuses on stabilizing its financial situation by addressing debts, hiring and training new staff members, developing a new website for increased visibility, securing new contracts with other brokerages, and improving operational efficiency to enhance client retention.

The agency emphasizes its long-standing stability, having operated successfully for 15 years. It highlights a community program aimed at training individuals to become entrepreneurs. The owner holds over 25 appointments with reputable companies, which supports both the business and the owner's family, including a son in medical school. The impacts of COVID-19 have put significant pressure on the agency's sustainability.

In terms of competition, the agency claims there are no direct equivalents due to its unique contract length. Its competitive advantage lies in its ability to write business outside of its franchise, allowing it to generate significantly more business compared to other captive agents.

  • General Information

    Business Registration Number: 262012818

    Location: Oak Forest, IL, United States

    Length of Operation: 15 years

    Number of Employees:

    Annual Gross Income:

    Annual Gross Expense:

    Open to Loans: YES

  • Funding Usage

    Staff training, bringing all debts related to the business current, supplies for everyday office use, licensing and permits, marketing and traveling expenses when business is located out of state.

  • Business Plan

    By getting all debts current, hiring and training new staff, creating my website for additional exposure, obtaining new contracts with other Brokerages and putting in place systems that will allow my company to function more efficiently to improve retention. I've owned and maintained my agency for 15 years in good standing. I've put a program together that gives back to the community through training people how to become their own bosses. I hold more than 25 appointments with various companies, all of which are in good standing and this is my means of supporting myself and my son, whose in medical school. I've worked extremely hard to keep and maintain my agency, and due to covid, my business will surely go under.

  • Self Identified Competition

    There are no fair comparisons due to the age of my contract. My competitors are considered captive agents. I am also considered a captive agent, however, I am allowed to write business outside of the franchise. This gives me an extraordinary advantage because I am able to write 3 times the amount of business as other captive agents.

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