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You Need a Plan to Make It Big in the Insurance Industry

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By Patrick Young is an educator and activist. He believes people with disabilities must live within a unique set of circumstances--the outside world often either underestimates them or ignores their needs altogether. He created Able USA to offer helpful resources to people with disabilities and to provide advice on navigating various aspects of life as a person with disabilities. 

Are you looking for ways to advance your career in the insurance industry? Creating a professional development plan is the key. This plan can help you stay on track with your goals and equip you with the skills and knowledge you need to achieve success. Read on to learn more about how you can create a professional development plan that will help you reach your career goals, courtesy of Insurance Research Letter.

Take Stock of Your Skills

The first step in creating a professional development plan is assessing your current skills and knowledge base and how they measure up to insurance industry standards. Take some time to reflect on your strengths and weaknesses in terms of job-related tasks, as well as any other areas where you feel like there’s room for improvement. This will give you an idea of what areas need the most work so that you can focus on those when crafting your plan.

Expand Your Learning

Once you know where you need to improve or further develop, it’s time to start thinking about how best to obtain the necessary training or continuing education needed in order to meet those goals. Do some research into potential courses offered by local universities, online providers, or even employers themselves. Online degrees are especially great choices for professionals since these programs are designed for flexibility. This is great if you're juggling a full-time job and family obligations while trying to enhance your education. 

You can also take a look at Lewis Training Online for continuing education credits and other complementary courses that will help you fulfill state-mandated requirements. In addition to going back to school, consider attending conferences or networking events related to the insurance industry. These can be great sources of information and contacts that will prove beneficial down the line.

Be Prepared to Pivot

As your skillset and knowledge base grow, it’s important that your professional roles also adjust accordingly. Make sure that your employer is aware of any new qualifications or experience that you’ve obtained since this could lead to promotions, pay raises, and other opportunities for growth within the organization. Furthermore, if you are considering branching out into different roles within the insurance industry, such as becoming an independent agent, it’s important to factor this into your overall professional development plan.

Document Your Development

When creating a professional development plan, it’s important to not only assess what needs improvement but also to document each step taken along the way. Keeping track of classes taken, events you attended, etc., will help reinforce your achievements and provide motivation for meeting future goals. This documentation will also come in handy when applying for jobs or other positions within the insurance industry.

Keep Your Resume Updated

Updating your resume is a great way to stay current in a competitive job market and give yourself an edge when applying for jobs. One of the handiest tools you can use is a resume builder. An intuitive platform will provide you with a template library, allowing you to customize the look of your resume to make it stand out from other applicants. With features like a drag-and-drop user interface and customized colors, fonts, and sections, you'll be able to use the basics of design principles to create an effective and impressive resume that stands out from the competition.

Take the Leap Into Entrepreneurship

Whether this is on your radar or not, starting an independent insurance agency is a major step toward achieving business success. As part of realizing this dream, it's important to put together a business plan that outlines the long-term vision and objectives of your business, as well as a detailed marketing strategy to get there. 

You will also want to consider setting up the business with limited liability company designation. This helps protect you as a business owner from personal liabilities in case of legal or financial issues down the line. An online formation service can help walk you through registering your business. 

Next, it’s time to advertise! In your case, you might want to supplement social media advertising with something more old-fashioned, like putting out a newsletter filled with information and images about the services you offer. If you aren’t sure how to start, begin in Word, then save the file as a PDF so that it looks professional. Later, if you need to make some changes, there are plenty of tools to help. For instance, if your goal is to delete pages from a PDF online, here’s a tool you can use in seconds that won’t cost you a dime.

Creating a professional development plan can be intimidating, but it doesn't have to be. Taking these steps – assessing your skills, expanding your knowledge,  taking on new roles, and updating your resume – will ensure that you nail your career goals within the insurance industry.

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