I have a potential opportunity to become an owner of a TPA firm (small non-producing) in the next 3 to 5 years. I was hoping some owners out there might share some advice:
1. Is there anything you wish you had done or concentrated on before becoming an owner of a TPA firm?
2. What is the biggest challenge you face?
(Quality employees? Keeping up with the demands? Staying profitable? Growing the business? Work/life balance?)
3. What is the best thing about being an owner?
4. Would you do it again? (Become an owner)
5. Any other miscellaneous advice?
TIA!