From Adversity to Abundance From $30k Per Year to a 7-Figure Exit in 3 years with Entrepreneur Bry Shields
Bry Shields, an insurance sales producer at HUB International in Alabama, founded Shields Insurance Agency in 2017 before selling it to his current employer a few years later. Bry sold his company for over $1 million. Insurance was nothing new to Bry. His career has been in insurance ever since, even after he graduated from college.
It was in 2017 when he decided to build his own insurance company to pursue his dreams. He never imagined that the company he was making at the time would be something he would sell within a few short years. Tune in as Bry shares his journey in the insurance industry, from how he started in the insurance industry to taking a massive pay cut, to building a very lucrative book of business of his own.
“You can modify your behavior to offset inclinations that you have, but you have to know yourself well enough to know that.”
“Try to not associate your identity and your value as a person with your success or the outcome of your success. It is not tied to that.”
Tune in as Bry and Jamie talk about:
· How Bry started in the field of insurance
· What made Bry to go out on his own
· Views on having a side hustle while building a business
· The aftermath of buying a book of business
· An overview of the first 2 years of the business
· Bry’s massive income hit and major obstacles and stress
· How income was cut by 75% when he launched his business due to the business debt incurred
· Running his business alone, doing all the leg work due to the unavailability of enough cash flow to hire additional manpower
· The growth of the business
· Selling the business and becoming a sales producer again
· Lessons Bry learned from his experience
· Not being able to get the results that you have hoped or even planned
· Was able to significantly grow his business –getting an additional 50% net income annually
· How he understood his company’s value more before partnering with a bigger global company
Books and Resources
Wealth Without Wall Street Podcast
Traction by Gino Wickman
Connect with Bry
LINKEDIN: https://www.linkedin.com/in/bry-shields-2a492013/
HUB INTERNATIONAL WEBSITE: https://www.hubinternational.com/
Haven Financial:
https://www.myfinancialhaven.com/jamiebateman/
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