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According to recent studies, 42% of entrepreneurs experience burnout. (Credit: Arcurs Co-op/peopleimages.com/Adobe Stock)There are many factors why an agency owner sells their agency, including retirement age, financial gain, and the 3 Ds (Divorce, Disability, and Death). However, the undocumented but growing reason that we are hearing agency owners deciding to sell is related to stress and burnout.
In many industries, including insurance, the pandemic gave people an opportunity to reflect and reset their life goals, plans, and expectations. What we have experienced coming out of the pandemic is a feeling from agency owners that they do not have to continue to do this just because the previous generation did.
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