Before offering any answers to these owners, we ask questions. To be fair, we ask a LOT of questions, a lot of very personal (in the business sense) questions.

It's decision time 

Circumstances have changed so quickly and so dramatically that agency owners are unexpectedly facing a decision between two extreme options. And hesitating is not one of them.

Now is the time to either give up and sell the agency, or stand up and fight to maintain independence by running the agency as the business it is. For some, selling is the right choice, but it really should be a decision of last resort.

What you have built for yourself, what you do for your clients, the opportunities you provide to your team — those are things worth fighting for.

And it won't be easy

I will tell you now: it's not an easy fight, and it won't take place without some really tough decisions being made. And, at times, this battle will feel like a “civil war” because a disproportionate amount of the tough decisions are going to directly impact your producers.

Fighting the internal battle

An agency's first battle will be internal. When these types of changes are introduced within an agency, the producers will come out fighting. It's a natural reaction; their world is being turned upside down.

For agency owners, you must fight this first battle with words, not a stick. And I DO NOT mean fighting by being combative and argumentative. I mean empathizing with the producers' position and taking the time to explain with great transparency why these tough decisions must be made. The people you really want to stay on your team will listen and come to a level of understanding; others won't.

I can all but guarantee that those who keep fighting against you, and maybe eventually leave, are your weakest links.

Weak talent wants to be able to hide, to be left alone to do what they want, the way they want, and if/when they want. Oh, and they want to be paid very well at the same time. It CAN'T work that way any more.

In some ways I understand the desire to keep things as they are. After all, being part of an independent agency is something special, it's definitely worth fighting for. There's a great deal of autonomy, reasonable work-life balance, great financial reward, and, most important of all, the opportunity to make a meaningful difference in the businesses and lives of your clients. I can't imagine another industry that offers such rewards. Without realizing it, those producers who are fighting to maintain the status quo are fighting against the very actions it will take to maintain the rewards they value so much.

Yes, this industry has provided great rewards; however, with rewards comes responsibility. It's the producer's job to help protect those rewards.

• Show up every day ready to produce new business.

• Embrace a compensation formula that rewards the hard work of selling.

• Expect their agency to provide a unique value proposition and powerful sales process to follow, and commit to using both.

Where should the battle really be fought?

The lifestyle producers enjoy is worth fighting for, but they have to go out and fight against the competition, not against their agency owners. That's a losing battle.

Agency owners have two choices: make the tough decisions I'm suggesting here or sell. And, when I have seen independent agency owners make these tough decisions, the results of the new normal in the agency are nowhere close to changes as drastic as the situation found in a typical national broker.

If producers think that they can keep things the way they have been and still receive the same rewards, they're living in a dream world. If their agency owners end up selling, those producers may soon be living a personal version of a nightmare.