In this episode of the Prime Partners Podcast, Matthew and Jacob Abbott from Abbott Family Insurance join the show to talk about insurance planning for contractors. They discuss the importance of starting early, understanding coverage options, and the challenges of navigating the insurance industry. The Abbott brothers emphasize the need for education, personalized solutions, and the benefits of offering comprehensive benefits to employees. They also address common barriers to change, such as paperwork and resistance. Overall, they highlight the importance of putting employees first and building a culture of trust and support.

• 00:00 Introduction
• 06:38 The Importance of Understanding the Trades
• 09:37 The Right Time to Start Insurance Planning
• 13:52 The Challenges of Insurance and the Need for Education
• 24:46 Factors to Consider in Insurance Planning
• 32:54 About Abbott Family Insurance
• 36:08 Advice for Contractors in Evaluating Insurance
• 39:58 Conclusion and Final Thoughts

In this episode of the Prime Partners Podcast, Paul Redman, VP of Sales at Contractor Commerce, shares how shifting consumer preferences are shaping the future of the home service industry. The discussion focuses on the importance of e-commerce and online shopping in the industry, as well as the challenges and benefits of implementing an online store. Paul emphasizes the need for contractors to adapt to changing consumer behavior and offers insights into how Contractor Commerce helps contractors integrate e-commerce into their businesses. Discover the future of the consumer journey in the home service industry and where to start in getting a leg up in your market.

• 00:00 Introduction and Background
• 03:39 Shifting Consumer Preferences and the Future of the Industry
• 08:28 Challenges and Benefits of Implementing an Online Store
• 13:28 Common Early Challenges and Solutions
• 18:37 Feedback and Reaction from Contractors
• 26:54 Contractor Commerce Elevator Pitch
• 28:42 Advice for Hesitant Contractors
• 32:40 Conclusion and Next Steps

In this episode of the Prime Partners Podcast, Jordan Cordero of Live Oak Bank shares the importance of strategic succession planning for small business owners and how leveraging business loan options can facilitate the smooth transfer of business ownership.

The conversation highlights key insights into how proper financial planning and understanding different loan structures can significantly broaden potential buyer pools, making the transition more manageable for sellers and buyers. Whether you’re currently contemplating the future sale of your business or just want to be prepared for when the day arrives, learn how staying on top of business loan options can position you to one day make a smooth exit from your business.

• 00:00 - Introduction
• 03:16 - The importance of succession planning
• 09:00 - The economic impact on succession planning
• 11:35 - Pain points in obtaining business loans
• 25:05 - What sets Live Oak Bank apart?
• 32:31 - The first step in proactive succession planning
• 35:14 - Closing remarks