Self | Application Preview
The grant application from Self seeks funding to enhance its marketing efforts, expand travel to attract new clients, and build a financial cushion for lean revenue months. The business aims to grow its current renewals from $15,000 to a significant $700,000 in total business.
The applicant emphasizes that in a rural area, effective sales depend on proactive outreach, which necessitates extensive travel and robust marketing strategies. Competition includes established firms like Farm Bureau Insurance, State Farm, and various independent carriers.
Self highlights its competitive advantage as a self-employed agent with Goosehead Insurance. This affiliation allows access to a diverse range of carriers and insurance products. Unlike competitors, Goosehead provides a direct service line, a quality control department, and online support, offering greater flexibility in rates and services compared to companies like Farm Bureau, which have more rigid offerings. The funding is seen as crucial for launching the business effectively and achieving these growth targets.
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General Information
Business Registration Number: 239710522
Location: Deep Run, NC, United States
Length of Operation: 2
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Enhance marketing campaign, increase travel to reach new clients, and have available funds for months that produce to little to no revenue
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Business Plan
Increase my book of business from 15,000 in renewals to a 700,000 book of business. Hitting the ground running is key to any sales type position. In a more rural area, even with social media, travel can be widespread, and the same goes for marketing. Having to branch out in a 50 mile radius as compared to a few miles.
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Self Identified Competition
Farm Bureau Insurance State Farm Insurance Independent Insurance Carriers As a self Employed Agent with Goosehead Insurance I have the benefits of many independence being able to have access to multiple insurance carriers and lines, but where we differ is Goosehead offers a direct service line, QC department, and online support. Other companies "Farm Bureau" write their own lines that offer little to no flexibility on rates
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Contact Applicant
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