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Power Women In Insurance

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Together we are stronger! On the Power Women Insurance Podcast, we get to ask the questions about how to excel and thrive in the insurance industry as a POWER Woman in this space.

Hosted By

Hosted By

Teresa Kitchens

In this episode of Power Women In Insurance, Teresa Kitchens is joined by Colby Allen, Consultant and Financial Analyst at AgencyFocus.

Colby shares his deep knowledge of financial statements like profit & loss and balance sheets, and they discuss how important it is to understand money matters for running a business, and why knowing your financial numbers is key for making smart choices in business and life.

Key Topics:

  • The role of financial statements in business ownership
  • Navigating the complexities of P&L statements and balance sheets
  • The significance of knowing your numbers for strategic decision-making
  • Strategies for effective financial planning and risk management
  • The impact of financial literacy on personal and business growth
  • Understanding the value of your agency and preparing for future transitions
  • The importance of professional guidance in financial management

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