Choosing the best business broker
Choosing the best business broker . How do you choose a business broker? How much experience do they have? not just in selling businesses, in the brokerage, but in owning and running businesses. While some sales traits are industry agnostic, it is helpful to have an advisor that can give you insight into running the business and any potential pitfalls or opportunities you may face when buying a business. Ever month it seems like a young bright-eyed entrepreneur asks me how they can become a business broker. Frankly, they probably find out the commission rate and think it's easy money. Little do they anticipate the cost of advertising, the length of the sales cycle, or the inconsistency of closing sales. A business broker may go 3-6 months, or more, without a sale, so they need to have sufficient cash reserves to survive on their nest egg. Find a business broker that has a heart for helping people, not just one that is trying to earn a pay check. Salespeople just trying