As we noted in a prior post (see here), job growth is a critical driver of growth in the insurance business, and new business starts are an important indicator of job growth. Most new jobs come from new businesses and small businesses, and new business starts, often strong at the end of a recession, have not picked up. An article in CFO (see here) talks about whether entrepreneurial activity may or may not increase this time around.
- Unemployment is high, and out of work professionals are typically more inclined to give their new business concept a try
- However, capital is scarce. Raising funds for a new business today is harder than it has been in decades
- At this point, it is too soon to tell whether the pool of available talent will overcome the lack of capital to produce lots of new businesses
Brought to you by Tennant Risk Services.
It really makes sense to go search now because you'll have to do it eventual. I say the earlier the better
Posted by: francis | January 13, 2011 at 05:34 AM
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Posted by: Gold Smith | November 19, 2010 at 07:17 AM
Personally, I feel that everyone should have income insurance to protect themselves if they are ever unable to work. It seems like the smart thing to do.
Posted by: income insurance quotes | October 26, 2010 at 12:58 PM
Its really informative..I think its better one for who starts a business..
Posted by: Health Insurance | October 20, 2010 at 02:20 AM
Then this is a good news. I read few days back that recession ended june of 09 (which is hard to believe if you're still struggling to find a job), according to usa today. If this is the case, insurance should pick up more in the coming months. But then again, it's been a little more than a year since jun of 09. I guess we'll have to wait and see.
Posted by: Insurance Student | September 23, 2010 at 12:15 AM
This is very interesting information.
Posted by: Natasha | June 29, 2010 at 02:10 AM
If you have the money to put into a decent marketing and advertising budget, I love the independent insurance agency concept. With the advent of the internet insurance retailers, the Insurance product has become a commodity that is mainly purchased on price.
Posted by: frosty | March 29, 2010 at 08:58 AM
The employment rate will determine the future of the insurance business.
Louie@Insurance Agent Forum
Posted by: Louie | January 02, 2010 at 10:52 PM
I believe in the primitive days saying that if you have a skill you cannot die hungry. Many of those who have a skill would be at a great advantage as they can think out of the box and take a look at the bigger picture as even having a job is not that much of a security these days. Many of those who are employed are still feeling the pressure and maybe better things will come of of this situation for everyone. so, if you have a chance, take it and build something of your own. If you've been a plumber, start your own plumbing company. Get off the waiting list and do something. make it happen! Start a new career. Take some professional training. It's not that hard to take control.
Posted by: Insurance License | December 24, 2009 at 12:10 PM
I'm agree, i think this is the perfect to find an opportunity on board. Insurance company are not that load rather than other fields.
draigsLife Insurance Calculator
Posted by: draigs | December 11, 2009 at 07:29 PM
I think this is the perfect time to find an opportunity out there, for those who wants to start a new business
Posted by: Smart Finance | November 30, 2009 at 04:57 PM
It would be a better insurance if you have a good and stable job.
Posted by: Life Insurance Calculator | November 18, 2009 at 10:12 PM