The Ryan Hanley Show - 212. The Psychology of Insurance Leadership with Larry Linne and Mick Hunt
Episode Date: December 6, 2023Became a Master of the Close: https://masteroftheclose.com✅ Want to learn everything I know about founding, scaling and exiting an insurance business? --> https://masterclass.insure/✅ For daily in...sights and ideas on peak performance: https://www.instagram.com/ryan_hanley/✅ Hire me to speak at your next event: https://ryanhanley.com/speaking** Connect with Guest **✅ Premier Strategy Box: https://www.mystrategybox.com/https://greatparkinsurance.com/meet-the-team/✅ Mick Hunt's LinkedIn: https://www.linkedin.com/in/mystrategybox/✅ Larry Linne’s LinkedIn: https://www.linkedin.com/in/larrylinne/** More about this episode **Have you ever wondered how a strategic partnership can revolutionize an entire industry? Well, you're about to find out. We sat down with the masterminds behind Premier Strategy Box, Mick, and Larry. Together, they delved into the formation of this impactful organization, its growth, and its monumental influence on the insurance industry.They also highlighted their potential dynamic partnership, which promises to bring incredible benefits to insurance agencies, particularly those seeking to develop their internal structure, workflows, and standards.Change is inevitable, but how we respond to it can make all the difference. We discussed the evolving landscape of the insurance industry, emphasizing the opportunities that arise from remote work and flexible environments. We also touched on the importance of technology in enhancing client experience, productivity, and sales. With a younger generation entering the workforce, we highlighted the critical challenge of transferring industry wisdom and the role of leadership development in overcoming this hurdle.We round off with an insightful discussion on the exciting new partnership between Insight Performance Group and Premier Strategy Box, offering a valuable resource for agencies looking to grow in a hard market.Mick introduces the Patti platform, which provides various touch points for agencies to engage with the organization. You'll also enjoy a fun and relatable discussion about the joys and frustrations of being a sports fan.So, don't miss out on this engaging episode packed with rich insights and memorable conversations.#insurance #sales #leadershipLearn more about your ad choices. Visit megaphone.fm/adchoices
Transcript
Discussion (0)
We got to create higher standards.
And I just went through this long list of things that all of this has to happen if we're
going to grow the business.
And so that was my background and we grew tremendously.
I mean, it's a story that's unmatched that I know of in the industry of incredible internal
growth.
And it wasn't just me.
I mean, this is a group of people that had a lot of really good ideas, really smart people
that were invested in growing a business.
In a crude laboratory in the basement of his home.
Hello, everyone, and welcome back to the show.
Today we have a tremendous episode for you.
A conversation with Mick Hunt, founder, owner of Premier Strategy Box
and one of the foremost thought leaders in the insurance industry on sales, marketing, process, strategy.
Just all around gangster killer when it comes to growing your agency and one of my very dear friends.
And Larry Linney, the CEO of Insight, a consulting firm that absolutely dominates our industry,
especially at the high end with over 27 of the top 100 agencies in the country.
Larry can call his clients he shares in the
podcast that his average client has been with him for more than 12 years which is
if anyone's ever done consulting work knows that that is an absolutely
ridiculous number and it just shows the quality of the two people we have on the
show they are bringing a huge announcement to the show and very honored that they would use this format and you, my audience, my listeners, my friends, the people I love for listening to the show, that they would want to share this all of you guys. I love you for listening to this show. If you enjoy the content that you get here,
the only thing that I ask is that you share the show.
And I know that's work.
I know you're going, oh, Ryan, I gotta pull my phone out
and I gotta send it to somebody.
Oh my God.
And I get all that.
And I just wanna say that by stopping what you're doing,
by maybe hitting pause on this episode,
although you don't need to hit pause to actually share the show, by sharing the show with a friend, texting
it, emailing it to your team, sharing it with a group that you're part of, by sharing this show,
you help grow the audience. You help this podcast reach more people. The message reach more people.
It's why I do this work is to put new ideas in between your ears.
And it, it's just, it means a lot to me when you do it. So, uh, appreciate you,
appreciate you for listening. Uh, if you're not subscribed, please do that. Spotify, Apple,
uh, YouTube, you're going to watch all the episodes on YouTube. If you go to the YouTube
channel, which you can find wherever, just type in Ryan Hanley into YouTube and you'll find the show or Finding Pete podcast.
You'll find the show as well.
That way you can watch the show on YouTube if you prefer there.
But with that, we're done with the business part of the show.
Let's get on to Mick Hunt and Larry Linney.
Wife brought me into the office today so I could do this.
Good stuff.
She dropped me off and left to go to breakfast with a friend.
So she didn't really care about listening to this.
I don't get it.
I thought she would love it.
Well, I'll let you guys kind of steer the ship.
I mean, it's your announcement and all that.
So what's going on? Let's get the lowdown that. So, um, so what's going on? Let's,
let's, uh, let's get the low down here. Yeah. Mick, why don't you, why don't you start?
Because I think you, um, you and Ryan have a good, a good history and you know that his audience
pretty well and probably have been around them a lot more. So if you want to, if you want to
kind of tell the story and then, um, I think, you know, if we can tell a little bit of the why and
what's going on and how, uh, pretty excited we are about all this is happening. And then, um, I think, you know, if we can tell a little bit of the why and what's
going on and how, uh, pretty excited we are about all this is happening. Uh, so yeah, you started
off and then we'll just kind of play with it, man. I'm going to start it off. So, and, and most of
everybody that's listening knows this story a little, but it was February of 2020 Dallas, Texas. I believe it was
Dallas.
It's a
month before the official launch of
Premier Strategy Box.
I'm sitting at
the Billy Williams training
and in front
of me is this 6'4
goofy
big- big looking dude that is asking a lot of thought
provoking questions and i'm sitting there like i think that's ryan hanley never met him personally
been following him on social media for at least four years. He turns around, I introduce myself, and I swear we became best friends.
That's not exactly how it happened.
Just to clear things up, I turn around and my exact words were, who the fuck are you?
Like, because he kept asking questions.
I like, you know, maybe this is ego or whatever, but I was like,
I thought I knew everybody who
thought this way. And
Mick just kept asking and giving
answers to these questions. I was just like, oh,
yeah. I never
thought of it that way. Oh,
I love that. And I was like, I gotta know who this
guy is. And it was, you know, and then, yeah, I think we
went to lunch the next two days together.
Big head, but probably a good haircut haircut mick just so we're clear big head well it's not quite like mine but yes well and i and i was really confused when he started this story because i've never heard
this before and uh when he was talking about six four big headed guy i went well i fit the big
headed but i'm i'm only about six, two.
So this can't be me.
Maybe he's just sees me as much bigger than I am, but, uh, I'm thrilled to hear that that was your description, right? Yeah.
It was Ryan and literally it was the week and weekend that I decided to form premier strategy box because Ryan pushed me. He said, Mick, instead of working with a handful of
agents, why don't you make this big scale? Because you would solve a lot of problems that I know I
have. And, and this is Ryan talking with me, knowing the independent agency world like I do.
You're the missing link.
And so that day I went home and started Premier Strategy Box.
I called Ryan.
I said, I did it.
He said, great.
Can you help me?
I said, sure.
He said, can you do it for free?
I said, I don't think so you got to remember at the time
i was just starting rogue risk like literally so we met neither premiere strategy box nor rogue
risk actually existed at that time so i was at billy williams's thing kind of re-acclimating
myself to the day-to-day grind of production because I had been out of the game since 2014.
And I was about two months away from starting Rogue.
I'm hearing Mick talk and I'm just, and it's true.
You really have been the missing link to this industry, Mick.
I mean, Premier Strategy Box for being around for such a short period of time has taken the industry by storm.
I mean, you've literally become a household name in an absolutely extraordinarily short
period of time, which is a testament to, I think, a couple of things about your personality
and the product.
I think one, unlike me, you have a very measured and tempered approach, which I think speaks
better to the independent insurance agency disposition than my kind of ADHD driven off the wall
personality. So I like always respect that about you, that you have the same fire,
but you're able to deliver it in such a more digestible way. And two, I think the knowledge
that you packaged up and have presented to Premier Strategy Box clients, it had been toyed with in the past,
but it had never been put all the way together
in the way that you did it.
And it's been so exciting to see your growth,
be part of it, be your friend
in all the conversations we've had.
And it's been so, from the outside, as your friend,
rewarding to see this thing that the industry absolutely needed come together.
And I couldn't be happy for you and now with Larry and everything that's going on.
And we're going to get to that, obviously.
But I just, you know, I wanted to say here at the beginning, I couldn't be happier for you because, one, couldn't, you know, a better guy couldn't be building the product.
And two, it really was something that the industry didn't,
certainly not in the way you've packaged it up.
So it's tremendous, man.
So I appreciate that.
So now we can fast forward to almost a year ago today, right?
So it was late, early November, late November.
A couple of my clients texting the crap out of me.
And they're like, Mick, do you know Larry Lenny?
I was like, I don't know if I know Larry Lenny or not.
And they're like, everything he's talking about at this conference are the exact same things that you guys talk about.
And from an intellectual level, like he's the one person that I feel like really jives well with you.
And I'm like,
okay,
whatever,
whatever,
whatever.
Right.
Sure.
But after like 17 texts,
I was like,
okay,
let's figure this out.
And then it just so happened that one of my friends,
I think sent a group text with Larry and I,
and literally it was like talking to someone I had known forever via text.
So I look up Larry, research him.
And after 10 seconds, I'm on the phone with my uncle.
So, Ryan, you know my affinity with the Patriots.
And my uncle, Stanley Morgan, Patriot Hall of Famer, was a teammate of Larry Lenny.
So Larry also played wide receiver for the New England Patriots.
And that became our bond.
And I think our first two conversations, we didn't even talk insurance.
We just talked like we were family members that
hadn't seen each other in a couple of years and just caught up on life. And that's when I,
you didn't even add the extra part of that. And Stanley is, uh, is, I'm surprised he remembered
my name. I was such a short timer there, but, but, uh, Stanley's nephew is Mick, but Stanley's
other nephew is a guy by the name of Kennard McGuire.
And Kennard McGuire was my roommate in college.
So we got a couple of connections.
Absolutely.
It was crazy.
Absolutely.
And so Larry started out as a mentor for me, right?
All the things that I was doing at Premier Strategy Box, he owns, runs the most premier consultancy firm
in our space at Insight. And I just wanted to pick his brain on the industry and all the things that
he has done for our industry. And that led into a conversation of, why don't we join forces?
Because my clientele sweet spot is, as you know, Ryan, one and a half, two million revenue up to about 10 million revenue.
And Larry's client sweet spot starts in 20, 30, 40 plus. Right.
And it just made a lot of sense where we had complimentary pieces.
I think our ideals, our values are all the same. And so
Larry said, huh, you ever thought about, you know, combining forces? And initially I was like,
I haven't, but this makes a ton of sense. And so I'm not going to steal Larry's thunder,
but we, we decided that it would make sense on the journey and start having those conversations.
And those conversations led to, I think we're going to do this.
I think we're going to do this.
And so I'm going to pass it to Larry to tell his story and then do the announcement.
Yeah, now I'm going to tell you the true story.
No, okay.
Actually, there's some new stuff that I heard there that's really cool.
So, you know, Mick, I know exactly when that happened, when he started getting the text, because I'm at an event and these guys keep talking to me going, man, do you know Mick?
I mean, it seems like you guys work together.
You guys are saying a lot of the same things.
And of course, you know, I've been doing this since 2000.
Well, I got in the industry in 1999.
I joined with another consulting firm in 2005.
2014, I started with a group of people. We started Insight Performance Group.
And we do have a sweet spot. There's about, we anticipate or projected that, you know,
we're talking 350 to 400 insurance agencies in U.S. and Canada. So we have two companies, one in the U.S., one in Canada.
And we believe there's about 400 agencies that fit what we do.
You know, they have the size to implement.
They have the complexity of an organization to be able to execute the kinds of things that we teach and that we believe in.
And, you know, I came from the industry, you know, selling more middle to
upper middle market and very risk-focused, very risk-oriented. A lot of things I think that we
all talk about frequently. But I'm sitting there listening to these guys and I'm the same way. I'm
like, yeah, sure, sure. There's somebody else that knows what we know. Yeah, whatever. And so the
more I listened to these guys talk about him, I thought, you know, he really does sound like he'd be great.
And our problem is our growth has been outrageous.
We have just had tremendous growth.
And part of the reason why our growth has been so good is because we recognize that growing an insurance agency is not about teaching sales.
You can teach sales all day long
and somebody's going to get a little bit better. And there's some great consultants out there. I
mean, I can name you 10 consultants that you could hire tomorrow. And from a standpoint of teaching
selling techniques, they're going to be all across the board as far as the sophistication, but all
of them are going to give you some value and you're going to sell more because you're getting
the training. But our belief is a little bit different. When I came into the insurance industry, I was hired by an insurance agency. I was a consultant
doing some other work and they said, we want to grow our business. And I said, well, I need to
look at your business first. And after about 45 days, I told the agency, I said, we're going to
grow your business, but we're not going to work on sales for about four or five months. We got to
work on business strategy. We got to work on the way we think around here. We got to work on culture.
We've got to work on innovation and understanding what innovation really means. We've got to
develop internal structure and workflows to be able to be efficient and productive.
We've got to create the ability to free up salespeople to be more successful. We got to
create higher standards.
And I just went through this long list of things that all of this has to happen if we're going to grow the business.
And so that was my background, and we grew tremendously. I mean, it's a story that's unmatched that I know of in the industry of incredible internal growth.
And it wasn't just me.
I mean, this was a group of people that had a lot of really good ideas, really smart people that were invested in growing a business.
So I come from that background and all of a sudden I'm hearing more and more about
Mick and what he's doing. And it sounds like he's got the same ideology. Now,
my thought about Mick is as we got to know each other is this guy's not only my peer, you know, he could be a guy that that's going to,
and I believe will far surpass whatever I've done or whatever I know in the
business. I just think we have a headstart on it. And so, you know,
my company has an innovation consultant that's worked in, you know,
with a couple of Harvard guys and working with Fortune 50s on innovation, execution,
and implementation. My company has a lean Six Sigma black belt that specializes in the insurance
industry and has been working specialization in insurance for almost 10 years just in lean
processes and systems. My company has X Marsh, large account sales, across the board, middle account, mid-level sales. We've got people that have built personal lines departments from scratch.. And we've been creating intellectual property for since 2014,
but even prior to that,
because we were developing it even in the prior company.
So we have hundreds of pieces of intellectual property
to actually help people execute the things that they need.
As a matter of fact, Ryan, you don't know this story,
but when we first started Insight Performance Group,
I had this beautiful logo built, INSIGHT Performance Group.
And I had a consultant friend of mine that said, Larry, INSIGHT, that sounds like ideas.
He said, do you really think the insurance industry needs more ideas?
And I laughed and said, no.
And he goes, don't you think they need action, execution, implementation, actually doing the things that you're teaching?
I said, yeah, that's what they need.
He said, why don't you make it INCITV?
I went, oh, my God, that's brilliant.
That's the answer.
So, you know, our company was built on execution and implementation.
So we have over 400 videos that are micro-learning development from service teams to leadership to executives.
We have over 600, maybe even close to 700 pieces of intellectual property.
And what was interesting is when Mick and I got aligned the very first time, I said,
can I just show you underneath the hood?
And he looked at it and there was nothing there that he went, I've never thought of
that or I've never seen that.
It's exactly the way he thought.
He just said, that's the kind of stuff I want to develop. This is what I want to become. This is
what I want to create. So we were like-minded. I was just seven years ahead of him and our firm
had already developed. And he's saying, if I can join up with this, take on this machine and then enhance and bring his ideas. And that's
what I'm thinking. Oh my gosh, I've got somebody else that can make this even better because of
the way he thinks and because of his experience and because of his team. I mean, I love his team,
the people he has on his team that can enhance what we're doing and expand it. I mean, where
else are you going to find 12 advisors that have worked
in the insurance industry, that have worked at the high end level, that have developed the
intellectual property and resource you cannot replicate? And I'll tell you, one of the most
successful CEOs in the insurance industry today, I'm not going to say his name, he came in and looked at what we did and he said, this can't be replicated.
What you've built and people and resources and tools for implementation and execution,
he goes, nobody can replicate what you've done. You're too far down the road.
Well, with Mick joining and his team joining, what we have now and what we're going to be able to do
and expand ourself into a larger marketplace and each make each other sharper. I can't see how two
plus two, it's not going to equal five. It's like seven or nine. It's exciting. So we're thrilled
about learning from each other, developing each other, our team growing from each other. And we built this company on
a premise that every one of our advisors is here to make all of us better. Each one of us is out
there studying the world. We're studying other industries. We're studying what's happening in
the world to become better. And we want to be able to help the insurance industry with technology.
So we joined in and developed our own venture capital for
InsureTech. We've got a huge, we got a fund. We now have two funds. One, it's a perpetuation fund
as well. We study the industry. We're learning. We're studying other industries because we want
to be out in front helping insurance agents. Mick is not only our peer, we're learning from him as well and his team.
And this combination, I think we've just pretty much launched beyond the industry right now in what other people can do.
So we're excited about it.
And I think the combination, finding each other, was just absolutely magical.
Yeah, that's tremendous.
I mean, what I like that I hear is there is now a bridge between
if I come in in that $1 to $10 million range and implement and grow, I know that I have a partner
for life because what I'm hearing is as big as they can go, you can go now. And the opposite
is true. Now you can have a feeder system for agencies that are high growth, you know, whether that's through M&A or organic or most likely some combination of both
to bring them, you know, it's almost, you know, you don't want to, not taking anyone account,
but it's almost like a AAA program for a baseball organization where smaller organizations that are
implementing, still learning the ropes, still putting tactics and strategies in place now have
a chance to refine at a high level before they move into the big game.
And that's something that our industry needs, I think.
So many of the agencies that I come across, agency owners that I deal with,
agency owners that I interview on the podcast,
there is a lack of congruency in the industry that I think has caused a lot of the headaches
or frustrations that we have. And when you can find organizations that can...
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here. Peace. Let's get back to the episode. Be a through line. To me, it seems like a home run. So
this is incredibly exciting. Yeah. You know, one comment I'd make to that. And, and, and I think,
you know, one of the key themes of Inside Performance Group is that we
work on the insurance industry business and insurance agency business so that our clients
can thrive in the business. And as you know, most people don't have time to work on the business.
They're constantly working in the business. And so if you can create tools and resources and
education and guidance and workflow process to get somewhere. If you can get somebody there
quicker, that's where you have great value in this business because they don't have time to
start from scratch and invent it and figure it out on their own. And we've got consultants all
over this industry that's, you know, regurgitating the same messages for the last 25, 30 years.
If people still aren't implementing because they don't have all of those tools to help support
that great advice. No question. I don't, I don't discount the value of the advice. It's just how do I get to the point of
execution? And that's what we found with Premier Strategy Box. They built systems to help you
execute. They built workflows and processes and they get you from idea to execution so much faster than anybody else out there in the marketplace because they're filling that gap with the tools and the processes.
Well, that's the same thing that we've done.
And so that's where I think the magic of this relationship and the magic in the industry is how do you get people to the next phase faster?
How do you move them to implementation quicker?
I just, we just signed up a new client yesterday, by the way, Mick.
We got a new client yesterday, really nice, large, large client, over a hundred million
dollar annual revenue.
And these guys, after going through and looking at what we did, they said, oh my gosh, you've
got 15 things that we want to implement.
We want to execute.
And everything you've said, we know, we get it.
But it's going to take us three years to do that.
The tools and resources that you have sitting right in front of us, we can do this in six months.
It's about speed.
And in this industry right now, you better have speed or you're going to get run past by somebody that does have it.
Do you feel, Larry, like that's a major, like a sea change that we're seeing?
You know, for so long, you could take as long as you needed to make a change and everything would be fine.
It feels like today the rubber band is starting, starting to snap forward a little bit and say, look, where even a decade ago,
you could move slow and there'd be no problems. It doesn't feel today like you can move as slow
as we've traditionally moved and be all right. Yeah. I'd love to hear Mick's response on this
as well. So Mick, get your thoughts prepared because you'll say something smarter than I do.
But my answer to that is I'd love to be a fear mongering.
I'd love to go out and just scare the world and say, boy, if you don't move, you're going
to get eaten up and annihilated and blah, blah, blah.
But there's two things that make that not true.
The first thing is our industry allows you to still not really be that good and you can
make enough money to keep growing and make a lot of money.
So you're going to be okay if you don't do something.
Now, you're eventually going to run into a wall, but you're going to be okay. And you're still going to make a lot of money. So you're going to be okay if you don't do something. Now,
you're eventually going to run into a wall, but you're going to be okay. And you're still going to make a lot of money. First world problems. Okay. Second thing I tell you is it's market
driven. If somebody doesn't come up with an idea in your market or somebody doesn't execute
effectively in your market, you don't have to worry about it. However, if somebody does, buckle up. Because I've watched
some people annihilate people in the marketplace. I've seen people come in with very sophisticated,
sharp captive insurance programs and absolutely knock out a large portion of large accounts from
a client within months. I've seen people come in and start taking employees because cultural
changes that they've created because of what they've realized is necessary to manage people in today's workforce,
work from home, whatever it looks like. There's so many new things that are happening out there
that if somebody figures it out, it is happening fast in your marketplace. That rubber band is
going to snap. But there's also a marketplace, and this has nothing to do with size market.
I can tell you they could be tier one, tier two, tier three, tier four markets.
I'm not, it doesn't really matter.
It's just if somebody finally gets it and figures it out for themselves and can implement
it effectively, they will dominate in that marketplace.
And the rest of the people have to buckle up.
Now, again, they're going to be okay.
They're not going to go out of business.
That's, we are so blessed to be in this industry.
So, Mick, what are your thoughts about
that that that his or about ryan's comment no i agree with what you said here's what i'll add
to ryan's comment on the rubber band is starting to snap forward just a little bit i think there's
a couple of things that have happened in the last five years one the industry has i'm gonna say
finally gotten outside money meaning there's there are more VCs and private equity in our business and in the world that they come from.
And it doesn't matter where in the world the VC or PE came from.
Things move a little bit faster.
Right.
I think that's part of it.
I also think leaders are starting to become younger. Right. We're starting to see succession planning. And I industry and slowness just isn't a thing of youth anymore.
Right. I mean, I mean, think about how fast the world is moving and how technology has changed. in our industry from a tech space are starting to acquire smart technology and partners now,
whereas before they were acquiring competition, just the Quell competition. Now I think they're
seeing, hey, we do need to make changes. It's still slow, but I think their mindset has changed
on who they're acquiring, where it's going from competition to let's try to get better.
And that's good for our industry.
Way to hide names, though, Nick.
That's really good.
Yeah.
The good news is on this show, no one pulls punches.
So if they're still listening, they're fine being offended.
I'll add to that one thing that I've seen, too,
and I saw this a lot with Rogue, and it was how we were able to grow as fast as we were
is just the cultural changes, uh, minorities and women and coming into the workplace, bringing
different ideas, different energy, um, being able to work remote.
I mean, uh, I talked to Mick a lot about this in the early days of Rogue Risk.
I hired a single moms or moms with young kids because traditional
agents are tossing these women out onto the street because they can't work a standard
nine to five.
And I'm going, I don't care if you have to put your kid down for a nap at 11, as long
as you're getting your work done during the day.
And we were able to pick up incredible talent across the country because we
were open to a different cultural setup in the workplace. And it brought new ideas. I mean,
all the individuals are incredibly appreciative of the fact that they now had some flexibility
in their lives. And then you'd read these posts and forums about how no one can hire anybody.
And it's like, yes, if you need a single straight
white male that lives within 15 minutes of your office, who is, you know, capable license.
Yeah. And has 30 years of experience. Yeah. Yeah. It is hard to find that human. Yes. I get that.
If you're open your mind up just a little bit, man, there's so, so much talent out there. And,
um, I think that's been another thing that has pushed to is that cultural change, that remote change, that flexible work environment change, which comes with its own set of challenges, don't get me wrong, if you know a lot about my background, right? But, you know, I've written books. Whenever I finally get passionate about something, kind of like, yeah, I feel your passion in that space. Whenever I get passionate enough about something, I just jump in and write a book. And years ago, I wrote Make the Noise Go Away, and it's the power of an effective second command. And it was just that whole relationship of how entrepreneurs get so scattered and chaotic and their life is full of noise. How do you overcome
that? Then I, then we wrote a leading performance because it can't be managed. And that was drew
one of my partners here, uh, drew. And I wrote that last year because of exactly what you're
talking about. Just the realization that there's a modern workforce and we got to look at the world
differently. And, um, that, that book has just done tremendously well. And now recently I was a co-author on Resign
to Success. And it goes back to what we were talking about before. I think make your spot
on, man. There's so many people that we've talked about for years that we've got a generation of
people that are going to leave the business. I'm seeing more people leave the business now
than I've ever seen. I mean, it's no longer going to happen. I'm dealing with one person after another that I'm dealing with
helping with their retirement, helping them with the transition of leadership, helping with the
next executives. It is insane right now, the reality of that turning and younger people are
taking over. So, you know, the business is changing. And again, I'm not an alarmist. I'm not out there
trying to tell everybody you're going to have to shut your doors next week. But I'm going to tell
you that the biggest thing that I would think of if I'm running an insurance brokerage or an agency,
I'm thinking this is opportunistic, not defensive. It's opportunistic. Look how much better I can be than others if I learn to think
differently, if I learn to think about the new modern workforce and managing it and leading it
effectively, if I can think about technology in ways that'll make me more productive and realize
that technology in our industry is about client experience and improved client experience.
It's about productivity, being able to do more with less, and it's sales enhancement.
And if I can't do one of those things, then it's probably not good technology that I need to be involved with.
So having the right technology that gets those types of answers, that's going to be valuable to me.
There are things we can do that if opportunistically I do it and do it right,
I can dominate my marketplace. This is about winning big. It's not about, am I going to be put out of business tomorrow? And again, that's the problem is the why is not big enough for most
people to change because they're still going to make enough money today that they're okay.
And they're going to make enough money tomorrow that they're okay. So inspiring people is even
part of our role is we believe we get into companies and inspire them as to what is possible, get them excited about
what they can do, how much better their life can be, what kind of wealth can be created,
make them think different about ownership, make them think different about compensation.
You start getting those things into place. And Ryan, that's really the world I
live in is I believe we're dealing with opportunistic opportunities or an opportunistic
future, not a focus of fear. I don't want people to change because they're terrified that somebody's
going to take them out. I want them changing because they can't wait to absolutely dominate
their marketplace. That's the space that Mick and I keep talking about and our team and teams.
We keep talking about that's where we want to live is let's take those people that are willing to get after it and make a difference and win big.
Yeah, I completely agree with you.
I mean, I know when I first got on the circuit about 13 years ago, speaking and sharing what I'd done. Everyone who I was packaged around,
like, I don't know how to operate. Mick knows this about me. I don't know how to operate from
anything other than a positive place and a place of abundance. Like I literally can't even think
in a negative sense. It doesn't even enter my mind. So I would be like packaged around,
you know, I'm selling growth and sales and world, you know, I'd use terms like world
domination and people would look at me and I'd watch their eyes. Like, what is he saying?
Because the guy before me was telling me that the earth was going to come down.
And the guy after me was telling me we're all going to all going to be evaded and it's all over
and the money's gone. And then here's this wacko in the middle, like telling us that we're going
to take everything over. And it's like this scarcity versus abundance mindset, right?
So they're like not, I think a lot of agents of the previous generation and generations
were not used to it
because everything they were sold for so long
was sold on fear.
And I think what's very fun
is that the new generation, regardless of age,
the new generation of insurance professionals
that are coming in
are way more in tune to an abundance mindset.
So you take things like the current hard market, like, you know, right up until the day that
Rogue Risk was shut down, we were one of the fastest growing small commercial agencies
in the entire country.
We had grown three and a half X in 17 months and we were absolutely dominating.
I mean, we were, we were, we did 500,000 in premium for a 15 person agency in the month
of October.
Like, you know, and we had figured something out in a hard market and everyone's on every forum across the country,
everything, hard market. What do we do? And I'm like, are you kidding me? Like Mick and I joke
about it all the time. Like there is no better time to grow than right now. Like any prospect
you want to today, this is growth, growth, growth. Like, let's go.
I mean, I was like on fire the last, like the last like six months was some of the best,
you know, my best ones we had had in the industry.
And I just, I feel like you come to a hard market and people go back into their turtle
shell and it's like, no, stay with it.
Like stay the course.
So I appreciate and agree with all that.
I do want to ask you, and this Larry, Mick, pick up this, whoever you want, because this
is the thing I'm going to use the word worry, but it's not like I'm systemically worried.
But the thing that concerns me is in this generational sea change that's happening,
how do we transfer the wisdom? not the knowledge? The knowledge is
in databases and policy forms. But what I worry about is the wisdom of our industry, right? The
nuanced decision-making and cues and connections and 40 years of experience.
How do we make sure that the wisdom of our industry
gets transferred to the next generation?
Because the knowledge part is out there, right?
We can just read and there's books and all that is there.
But the wisdom part, how do we make sure that carries on?
Yeah, so great question.
I wholeheartedly believe,
and I'm going to toot Larry's horn right here.
Wisdom transformation starts with leadership development and the psychology of leadership.
I don't think you can truly transfer wisdom without your mind being opened.
And it takes someone to open your mind because a traditional agency, right?
And I don't care how small, how large you're going to learn how dad did it or how uncle did it.
But how uncle and dad did it was through relationships.
It literally had nothing to do with being a business leader.
It had nothing to do with growth strategies.
It was, hey, I wrote Tommy and Tommy knew Jimmy and Jimmy knew Sally and Sally knew
Susie. And that's, that's gross. Right. And we know all their handicaps. Exactly. Exactly. But,
but what Larry and insight has done prior to anything with premier Strategy Box has created world-class leadership development from a
psychology standpoint. The psychology of leadership is where we have to be able to go
deeper in our industry because, and just forget leadership development, right? Leadership
development, to Larry's point earlier on this call, you can get anywhere. You can get leadership development online, but the psychology of leadership as it relates to our industry, I'm going to tell you,
there's only one place that you can get that. And that's with Larry Lenny and Insight Performance.
I love it. Well, let me, let me play with this a little bit. And, and, and we're, we're so excited
because to us, we do believe we're ahead of the industry, but we also believe we've got so much that needs to be developed.
There's so much more to be done.
And first of all, just the word wisdom.
My partner, Drew Yancey, a few years ago, he's a PhD.
Guy's brilliant.
You know, Ryan, I'm one of the few people, you know, you hear all these CEOs out there saying, I hire people smarter than me.
I got people with designations, EdD, PhD I hire people smarter than me. I got people with designations,
EDD, PhD, they are smarter than me. Okay. So I don't have to even say it. It's real.
But Drew came on our team and he introduced the concept of the understanding where wisdom fits.
And so when you're learning and you want to grow or develop, it starts with information,
to your point, I can get info anywhere. Knowledge is, I put more time into it to understand it, which is fine. Wisdom is the
application feedback to understand how it applies. Does it work? How does it work? Et cetera. But I
got to tell you, we're consultants and we're insurance agents because we're advisors as well.
Anybody that's in an advisory world where you really get the magic that turns into money
is when you take wisdom and you simplify it.
Simplification is the game changer.
I mean, I got people out there that have been learning captives for the last 20 years
and they are brilliant.
They are the most knowledgeable, wise people in the world on
captives and they can't sell it to save their life. Why? Because it's too complex. The ability
to simplify it, you can sell it in a heartbeat. Simplification is the key. And so back to your
question about this whole challenge that we have in leadership and next generation and how do we
transfer all of this? What we have created, we've identified 64 different components that are areas
that are critical for growth in an insurance agency. And it's in operations and education
and learning and cultural and leadership process components and financial elements and KPIs and
sales techniques and models and all of these different areas. And we have 15 years now of
tracking. Whenever one of these things is not done well, it will impact your growth negatively. If
it's done well, it will impact your growth positively. It doesn't stay on our list unless
it can meet that criteria. What we're doing is purposely getting information, helping people with methods, online learning, LMS, which is where
Patty is going to fit in brilliantly in this thing, to be able to get people more engaged into
online learning, micro learning, short, quick pieces of knowledge, then engage them in groups and in real life practice for wisdom.
But then our role as advisors and coaches is to help them take that wisdom to the simplification.
How do I simplify what I know well and what I've experienced? And so we're speeding up the process.
That's where we see one of our greatest values as a consulting firm is the ability to speed up this learning cycle
and introducing new components because I don't want to just know what my 40-year uncle in the
business knows. I want to know that, but I want to know what's changed. I want to know what's
influencing it differently. I want to know the behavioral science behind human beings today, because behavioral science
is real.
It's a science that tells us that human beings are irrational and predictable.
When I understand the predictability of human beings, I can take all that old history and
knowledge, don't lose the things I shouldn't, but then maintain and learn the new things
I should.
And now we can
apply things faster. So we're built for the purpose of speed, of moving into the next generation of
ownership in this business and execution and sales and operations and technology, because we see that
that's where it's going. And we've been pretty successful at, quite honestly, sometimes being
too far ahead of the industry.
There have been times that we've said things and people have looked at us like we've lost our mind.
Ten years later, it was the norm in the industry.
I was deep in personal brand management in 2005.
2011 or 12, it became a thing.
I feel like you're in good company on this call, Larry, on that regard.
I do too i think we've all experienced
a bit of saying something looking out at an audience thinking you're right on the button
and them going you know i don't even understand you're crazy right you're crazy and what you're
saying that you gotta you like have that moment of oh no, like they don't understand the words
that I'm saying to them.
Like I got to back up a little bit.
That's right.
Um, well guys, I, uh, I'm, I'm so excited for, for this.
I'm excited for what's to come.
Um, I think that, you know, to, to, you know, Larry, we're, we're just getting to know each
other here.
Obviously I've heard of your company and know of you and the industry and everything.
And Mick is one of my dearest friends
and have known a bit about what's going on.
And this, to me, just seems like a perfect marriage
and another, an incredible resource for our industry.
So, you know, we're, so someone's listening,
they've been thinking about Premier Strategy Box
or whatever, and, you know, they're like, geez,, and they're like, geez, I need to make this move. I'm sold, it's time. I'm sick of Hanley talking about how I should be growing in a hard market. Let's time to get after it. Where do they start to connect? Where would you push people? Where do they start to learn more? Yeah, let me give a brief overview, and then I want Mick to take this and run with it to
help people understand the structure.
We want to be accessible.
From a thematic standpoint, we want to be accessible.
And we were all pretty excited, Mick and Drew and myself as the leaders in this organization
looking at it.
We're trying to think through, what do we do with naming?
What do we do with the structure?
And we recognized that Insight Performance Group just seemed like the perfect name to
say we are a group of people, companies, and we may turn into four or five companies.
We don't know.
The group means the insurance industry now has this place you can go to to get what you
need that's the right thing.
There's no reason for everybody to come in and try to get everything we do. That would be impossible. You just need the right thing at the right thing. There's no reason for everybody to come in and try to get everything we do.
That would be impossible.
You just need the right thing at the right time.
So we created Insight Performance Group
as going to be the corporate entity.
Nobody externally really cares,
but we're going to maintain Insight Advisory
and Premier Strategy Box as entities.
And we've got Patty now
with what mixed brilliance behind Patty
that can incorporate in the different components. as entities. And we've got Patty now with what, you know, Mick's brilliance behind Patty,
they can incorporate in the different components. But thematically, we have an entry point for anybody. You know, anybody can come in and get a piece here and there, get a training class here
and there, or they can go into the different programs. But Mick, take it down a little bit
more of the path of the question, you know, how would somebody engage and where would they go potentially to fit in and get what they need out of this? Yeah. The great thing about
us joining forces and us becoming a part of Insight Performance Group is this, like,
there's no agency left behind, dot, dot, dot, unless you want to, unless you want to be left
behind. But here's the thing, with us now and us being Insight Performance Group,
you're getting what I'm going to call theory and strategy, right?
The why and the how, right?
You're getting implementation and action, right?
The what and the where.
And then you're getting accountability, right? The what and the where, and then you're getting accountability, right? So with,
with all those components, what we're going to do between Larry, myself, and in our teams,
our team of advisors, we're just going to diagnose you and see where you fit the best,
right? Like, do you need something that's a 90 day strategy, a 90 day plan?
And you might hang out with under the premier strategy box umbrella.
But we now have 12 advisors that you could be working with on that 90 day project, right?
If it is, hey, it's going to take us 12 months, 24 months, 36 months to really get this going.
You're probably going to fall under the inside advisory umbrella. But again, you have 12
advisories that you're probably going to be working with during that journey. You're probably going to
work with all 12 of us at some point during that journey. But you're going to be able to get literally the best of both worlds when it comes to theory and strategy, implementation, action, and then the accountability, which is where most agencies fail. A lot of agencies know what to do, but it's the how do I do it, where do I begin, and who's going to hold me accountable.
And now with Insight Performance Group, that's what you get.
Yeah, and one of the exciting things Mick's created, I get so excited about his skill set and just so talented, is this PADI platform.
Some people may just choose, you know what, I'm just going to be a part of a mastermind group with CEOs
and just engage with this organization. And they can sign up and just attend a mastermind program for CEOs or
COOs or whatever we create. We're going to have touch points that are going to allow people to
participate and engage on pretty much regular basis if they choose to. And then like Mike said, once we analyze and you're committed to more,
then we figure out where it goes from there.
But the accessibility is going to be easy.
People are going to be able to have access to this entity
and the individual organization, the pieces inside of that.
We're going to be very accessible.
Now, going deeper requires you to be committed and us to
be committed and believing that you are committed because we do have limited resources. We have 12
with the number of people that are asking and already wanting to work with us.
It's going to be limited. So we're going to have to choose between, both sides have to choose,
are we committed to go make this happen is it 90 days is it six months
or is it a multi-year relationship and right you don't know this but inside performance group
our average client we're a month to month agreed organization okay we don't do long-term contracts
month to month our average i haven't looked at it this year but our average client is over 12 years
that's oh they stick with us because they get a return on
the investment. Keep writing the check because I've got something else I need to do.
Yeah. I mean, what a testament to the quality of the work and the relationship.
Having worked with a lot of consultants, having been a consultant,
it takes a lot of commitment to have something. have something i mean for for those who have never
worked in the field or have a lot of experience with consultants that is a uh i mean i would love
to put that number against up against some of the the biggest consulting firms in the entire
country or the world i mean that's a that's a big number for uh especially on month-to-month
contracts um that that's that's a testament testament. You should be very proud of that.
The biggest challenge that I have right now, Ryan, though, is I think if I took my entire
database, that's why I said I don't know what the number is today.
If we took the entire clientele today, I think the number goes down dramatically.
But the only reason it goes down was not because of lost clients, because of how many new clients
we have.
I almost have to take my one- to two- year clients that are all in place, pull them out and see what the norm is and then bring them in because we have had more growth in
the last two years than we've ever had. And I think it's a testament to the industry. The
industry is a need. We've created a brand that people want. The same thing's happening with
Mick. I mean, the growth that Premier Strategy Box is experiencing right now, when people finally see what's possible, write the check because they know the return on investment is easy to get.
Mick, we just got to figure out how we can charge a lot more money because people are writing the check too easy right now.
We'll let Ryan be our guest.
That's not our goal.
We want to be accessible.
Yeah, yeah.
And just to clean this bit up, Patty is Premier Agency Development Institute.
And you can go to agencydevelopment.com to find out more about Patty.
And as far as Patty goes, I'll say I'm not just a podcaster.
I'm also, I guess, former client mix since Rogue doesn't exist anymore.
But I will tell you that my Rogue team, half the team was in there every single day with Patty. Half the team was in there every single day. That's agency
development. So when we say Patty, we mean Premier Agency Development Institute, and you can get
there through agencydevelopment.com just to kind of clean up that bit. Well, guys, I appreciate you
using the Finding Peak podcast as a forum to make this announcement,
to talk about this. I mean, obviously, you guys are titans in the industry and the knowledge that
you have is unbelievable. I think we gave everyone just a taste, but I'm a firm believer in partnering
with people who are going to help you grow. You cannot do this alone, friends. There is no, in my opinion, there's no honor or award for having
built something on your own, struggling through it. Partner, like you said, you wrote the book
on it, right? Having a great number two, like all these ideas of getting yourself out of the
tactical task-oriented grind of day to day and, and really
starting to grow your enterprise is what it's about. And, uh, uh, I can be more excited for
the industry. I'm excited for the two of you. And, um, this has been a pleasure.
Yeah. Thank you for doing this, man. We appreciate it. I've been a, I've been a big fan of yours,
so I'm thrilled to even get to spend time with you. And I'm even happier that you came in with the Bruce Lee sweatshirt, man.
I made him take his Bills jersey off.
So he's a Bill.
It is red.
I'm sporting the red.
I'm not.
We got to be Kansas City this week.
We got to be Kansas City this week.
And then you're going to be like us.
You're going to be sitting home in the playoffs too.
Especially when the MVP of the league is our quarterback.
We got the MVP on our team and we can't win a football game.
I don't understand.
All right.
With that note, we don't want to lose the entire audience
right at the end with sports analogies.
So we'll call it quits.
I appreciate the hell out of you two.
Thank you so much.
We'll get out of here.
Thanks, brother.
Great to meet you, man.
Thank you. I'm We'll get out of here. Thanks, brother. Great to meet you, man. Thank you.
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