Bond and liability is secured. License should be secured by as early as Monday. Now I see why so many start-ups probably crash and burn. Dealing with brokers and agents is like being questioned by the Gestapo. Case in point: Broker: How many years experience in this field? Me: Less than one year. Broker: Thats not acceptable, you may be denied. Me: The field is relatively new, were on the ground floor of new technology. Broker: I still need experience levels. Me: Youre kidding, right? I just said its a brand new industry. Broker: Youll need to send me resumes for all 3 members. Me: One member is silent, there are only two of us actively working. I manage the sales end, my brother does the technical/implementation side. Broker: Youll both need to send me resumes detailing your skills in this field. Me: Ummm, no I dont think so. Im not applying for a job, Im trying to buy insurance. If my credit score isnt sufficient, Ill shop elsewhere. He countered with all the other brokers would request the same information. Again, no, they wont. If at first you dont succeed, try try try again. That was my bankers advice. When youre on the ground floor and your carrier, bank, and bondsman believe in your product/service, youll get what you need. Not all brokers are created equal - or - have the same level of intelligence.
Posted on: Wed, 13 Aug 2014 00:17:19 +0000
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