• Key Person Insurance plus Entrepreneurship and Empowerment

  • Sep 29 2022
  • Duración: 30 m
  • Podcast

Key Person Insurance plus Entrepreneurship and Empowerment

Escúchala gratis

Ver detalles del espectáculo

  • Resumen

  • Before acquiring a business, professionals must first do some background study on the business entity. Risk assessment is one way to learn about a business, to see what potential risks exist and how susceptible the business is to them. The term "Key Person risk" tops the list of risk assessments. This key individual is someone whose presence is absolutely necessary to the business.

    Cindy Fields, the CEO, and founder of Loyalty Alliance is our guest on this episode. She talks about how a company's "Key Person" influences the entire business entity. She also mentioned the people who are referred to as the company's key personnel and how businesses have been purchasing Key Person Insurance to reduce the chance of failure during acquisitions. Finally, She offers our listeners some key points and recommendations.

    Key Takeaways

    What is the Loyalty Alliance and what do they do?
    The importance of Key Person Insurance to M&A
    Who usually is the Key Person in a business?
    Takeaways and advice from Cindy

    Quotes

    "Key person insurance is defined as insurance for an individual at the company. It's an individual whose job is so pivotal to the company that if something happens to them, the company will be greatly affected." - Cindy

    "I love key person insurance because I love protecting the companies, helping companies grow, talking to the CEOs about their companies and knowing them, and making sure they have the right protective mechanisms in place to achieve what's important to them." - Cindy

    Featured in this Episode

    Christopher Lisle
    Growth strategy advisor for the ecosystem of investors, banks, and the companies they work with (middle market).
    Linkedin: https://www.linkedin.com/in/kit-lisle
    Websites: Acclaropartners.com / strategicgrowthcouncil.com
    Contact: kit@strategicgrowthcouncil.com / 703-867-7269

    Cindy Fields
    President & Founder of Loyalty Alliance, Inc
    Linkedin: https://www.linkedin.com/in/cindyafields
    Twitter: https://twitter.com/theLAIWay
    Website: https://loyaltyalliance.com

    Words from our Sponsors

    Thanks to our sponsors Acclaro Growth Partners, a strategic consulting firm serving middle market mergers and acquisitions. You can visit acclaropartners.com. Our other sponsor, of course, is Strategic Growth Council, not the podcast, but the Peer Advisory Council slash virtual roundtable slash mastermind group for senior execs and business owners. Contemplating what an acquisition, a sale, or just strategic growth? Strategic Growth Council collaborates with participants in the M&A ecosystem, such as private equity groups, lenders, investment banks, and relevant service providers. Visit strategicgrowthcouncil.com to learn more.

    Chapters

    00:00 Introduction
    01:46 Our guest’s background
    04:38 What is Loyalty Alliance and what do they do?
    10:46 How does Key Person Insurance come into play in different situations?
    14:07 Who purchases the insurance for that key person?
    20:13 The difference between key person insurance versus a typical insurance
    23:21 The opportunities and challenges of growing her business
    25:56 Takeaways from our guest
    28:30 How to connect with Cindy and Loyalty Alliance

    This podcast is produced by Heartcast Media
    https://www.heartcastmedia.com/
    Más Menos
Más Menos

Lo que los oyentes dicen sobre Key Person Insurance plus Entrepreneurship and Empowerment

Calificaciones medias de los clientes

Reseñas - Selecciona las pestañas a continuación para cambiar el origen de las reseñas.

Reseñas de Audible.com

Opiniones de Amazon
No hay comentarios disponibles