Stage 7: Acquiring and Managing a Sales Team

Insurance Business Babes

Kathe and Joanna are preparing for AEP, so we're bringing you Stage 7 of a Medicare Agents business, originally aired on Christian Brindle's YouTube Channel.
Kathe Kline and Christian Brindle delve into the intricate balance between managing a growing business and maintaining a manageable workload. They explore the challenges and potential benefits of hiring and managing a sales team, and the impact of technological advancements in the Medicare industry.
### Reluctance to Manage Downlines
Kathe Kline expresses her reluctance to sell or be responsible for a downline's marketing expenses, fearing it might adversely impact her earnings. Christian Brindle suggests an alternative approach: convincing an assistant to take on more responsibilities. Kathe plans to have her assistant manage more business under her own license, reasoning that her well-developed systems will support this transition. This conversation highlights the delicate balance of growth and personal workload management.
### Potential for Exponential Growth
Christian emphasizes the potential for business growth through additional client handling capacity. He cites the compounding effect of satisfied clients referring others—a scenario more likely to occur when client handling capacity is maximized. Kathe acknowledges these benefits, noting her limited involvement in PDP appointments due to effective self-enrollment systems. Their discussion touches on the substantial growth achievable by reaching a client base of 300-400.
### Embracing Technological Advancements
Both speakers express their gratitude for technological advancements that have simplified processes, transitioning from paper applications to electronic applications. These improvements have made it easier to conduct business and reach out to clients, thereby enabling more efficient operations and improved client satisfaction.
### Challenges of Business Growth
Christian shares the struggle of balancing growth and maintenance, recounting his father's experience of recruiting agents but only doing the bare minimum at work. Kathe discusses her growing business and the stress of managing clients during the Annual Enrollment Period (AEP). Christian suggests promoting an assistant to a Licensed Office Assistant (LOA) and hiring a new assistant, based on his experience with internal promotions.
### Managing a Sales Team
Kathe is hesitant to manage a sales team, preferring to keep her workload manageable. Christian emphasizes the value of a sales team in scaling the business, highlighting that focusing on tasks only Kathe can do, like marketing and innovation, is key. He cites Ryan Kimball, CEO of Asia Pipeline and director of health for Integrity Marketing Group, to underline the potential for growth when a business is scaled properly.
### Personal Goals and Business Scaling
The discussion ends on a reflective note, with Christian advocating for building sales teams as a strategy for scaling businesses. However, he acknowledges that every business owner's goals and circumstances are unique. Kathe's reluctance to deal with the complexities of downlines and employees underscores the importance of personal aspirations in business decisions.
This comprehensive discussion offers invaluable insights for anyone navigating the challenges of growing a Medicare-related business, emphasizing the importance of balancing growth, technology, and personal goals.