Startup Insurance Agency Owner Seeking Advice
Hey everyone,
I’m a startup insurance agency owner and could really use some advice. I recently completed a year-and-a-half training program, which paid very little, and I’ve now been approved to open my own agency. Once my office is fully operational, I’ll start receiving a 300% bonus on all future commissions, plus a signing bonus.
I’ve already hired two employees. With start date of next month.
To prepare the office and buy employees equipment, I’ve been supplementing my income with gig work. I’ve also furnished it partially with items from Facebook Marketplace. The most recent setback.. my only vehicle’s transmission just went out, leaving me without transportation. Loans aren’t an option, and my credit isn’t great due to low pay over the past year and a half.
I’m looking for advice on short-term cash flow strategies or creative ways to bridge this gap until the office is fully generating revenue. Any ideas or guidance from others who’ve faced similar startup hurdles would be greatly appreciated, I feel like I’m on the edge of loosing everything I’ve worked so hard for..
Thanks so much in advance