captive general

Volleyball and Captives #2: Become That Player

Like a young athlete growing into a star role through physics, work, time, intent, and coaching, your business can become stronger with captive insurance.

Become That Player

My son says about his volleyball team, "We aren't going to be as good. We lost our star outside hitter and there is no one to replace him."

My response: "You may become that player." No guarantees of course, but the stated position of my son is as a 15-year-old freshman. Looking into the future, I see a 17-year-old who grows into that role because of five things:

Young volleyball player developing skills — becoming the star player
Becoming doesn't happen by accident. It happens with work, time, and intent.
  1. Physics and genetics. My son's body will continue to grow as well as inherited genetics.
  2. Work. Becoming doesn't happen by accident. I see the work, both physical and mental, being invested into developing the skills — getting up early each morning and specifically training to become a better player.
  3. Time. Success requires practice and time to fully see results. Although there are significant short-term benefits from practice such as discipline, sacrifice, and work, the long-term benefits are greater.
  4. Intent. When someone works and puts in the time with the right resources and full intent, they typically become what they set out to be. Becoming successful doesn't happen by accident — it happens because it was intended to happen.
  5. Coaches. Growth and skill are accelerated when experienced and skilled coaches are involved. Even the best players in any sport want and need good coaching.

And Captive Insurance?

Your business may become that type of business — a bigger, faster, stronger version of your current self with the same five principles:

  1. Physics and genetics. You have a successful business in place right now. By following the sound principles already applied, your business should continue to be successful. Captive insurance creates and retains more capital to utilize for your business.
  2. Work. Your success hasn't happened without the work, sacrifice, and leadership put into your business. Captive insurance should be planned for, does require work, and will prove to be a better way to a more successful and profitable risk management program.
  3. Time. Success requires practice and time to fully see results. Captive insurance provides immediate short-term as well as long-term protection, capital preservation, flexibility, and other benefits.
  4. Intent. Businesses who own captive insurance companies have greater protection of their operating company, retain more assets, and have far greater flexibility and control.
  5. Coaches. Your already successful business can and should be better. Captive insurance is a better way to accomplish your intended goals.

Taking action today multiplies tomorrow's benefits — not by accident, but with purpose and intent. Captive insurance provides risk management today and exponential benefits tomorrow. Captive insurance should be part of your business's process of becoming, development, and growth.