#80 The Mindset of Building A Powerful Insurance Agency with Rich Cavaness

Thinking That Matters with Elizabeth Mahusay

How to turn your insurance agency into a thriving business?

Today, I'm thrilled to announce our latest podcast episode featuring the incredible Rich Cavaness, a seasoned expert in the insurance industry with over 15 years of experience. Rich has not only started an insurance agency from scratch but has also successfully acquired and doubled the value of another agency in just four years.

And in this episode, Rich shares his invaluable insights into building a powerful agency- from building and acquiring agencies to doubling its value in just four years!

He also emphasizes the critical difference between being self-employed and being a true business owner where many agency owners fall into the trap of treating their insurance business as a job rather than an asset.

Whether you're an insurance agency owner or a business professional, this episode is packed with actionable advice that can help you elevate your game.

Key takeaways from our conversation:

• The state of the Insurance Industry

• The critical difference between being self-employed and being a business owner

• The importance of viewing your agency as an asset

• The transformative power of coaching

More about Rich:

Rich has an extensive background in the insurance industry and has owned and operated two successful insurance agencies over a twelve-year span. He currently operates Cavaness Insurance Agency out of Dallas, which is a multi-line insurance agency that specializes in life and property-casualty insurance. He is recognized by Farmers Insurance as a Top 10% agency in the country.

He is currently a Certified Master Coach Practitioner through the Certified Coaches Federation. His passion is helping people rise above mediocrity and be all that God created them to be. Since 2006, Rich has coached hundreds of people in life, business, and Bible-based principles.

Rich has authored five books now, and his 2018 release of The Gratitude Effect was nominated by the Author Academy Awards as one of the top 10 self-help books for that year. He was also one of the first Christian authors to respond in 2006 to The Secret, with his powerful book, Decoding the Secret: The Law of Attraction from a Biblical Perspective.

Rich’s top five strengths: high achiever, strategist, learner, focus, and maximizer. These are very helpful when helping people reach their goals and dreams.

Rich enjoys anything in the mountains, including skiing, hiking, camping, visiting family, travel, exercise, and reading and research.

Rich has two adult children and two granddaughters. He and his wife, Libia, live in Dallas.

Connect with Rich:

Telephone: [phone]

Email: [e-mail]

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Know more about Elizabeth Mahusay:

Elizabeth grew up a self-starter who as a young woman prided herself on her independence and self-sufficiency. She found herself challenged to develop deep and meaningful relationships because of her prideful “know-it-all” approach to life and work. She projected that she was perfect yet struggled to deal with failure, thoughts of insecurity, and the feeling of inadequacy. Through her study of the Bible, time as an entrepreneur, and the accountability of some great mentors Elizabeth, is a transformed woman. Today, she passionately invests her time helping others transform their thinking.

Elizabeth is author of the recently published Transform My Thinking, God study on the book of Philippians. She has published over 170 YouTube videos and hundreds of Facebook Live videos ranging from topics of business building, daily encouragement/motivation, inspiration, marriage, and Bible exposition.

Connect with Elizabeth:

Facebook: @elizabethbmahusay/

Instagram: @ebmahusay/

Youtube: @ElizabethMahusay

Website: https://elizabethmahusay.com/