As a couple with a young family, we are sick and tired of slaving away for ungrateful employers who do not give us any recognition or reward for our efforts at work. Both of us are in our late 20s. Lately, we have been discussing the possibility of re-establishing a family business of my father that I dissolved when he passed away 4 years ago, once the recession eases.

All the foundations are still in place, and I feel we would not really have to do a lot of work to get it up and running. He was an insurance broker selling a wide range of products and services including mortgages, life assurance, pensions, private medical insurance etc. Before my wife had our first baby, she was studying for her CEMAP which she promptly stopped due to maternity leave. As she has a background in finance having worked with numerous banks, I have encouraged her to start studying for the CEMAP again. Although, I have no specific insurance experience, I have worked as a Research Analyst in the property and finance sectors. I have a Masters degree in Business Management, and have a good level of business knowledge.

Are we thinking along the right lines? What else should we be thinking about? Do I need to do any qualifications if I want to sell insurance products? Any tips would be greatly appreciated. Thanks.

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