How to Select a Business Broker



Selling A Business: How To Choose A Business Broker

Although you may be choosing to list with a firm, you will be primarily working with the listing business broker. Here is what you should look for in a business broker:

Would you hire this person to work for you? That is what you are doing so be sure you think this person is competent and you can work with them.

Do they have a record of success? What has this business broker achieved during their career? What jobs have they held or business owned? Is it good experience for knowing about and selling your type of business? What degrees have they earned? At what schools?

What training and experience do they have that qualifies them to be a good business broker?

http://www.mabusinessbrokers.com...

 

7 Tips For Choosing A Business Broker

Check out our tutorial to learn how to get the most from your experience.

Turn to fellow entrepreneurs to find out how they solve challenges similar to those facing your business.

Share your experiences and advice to help propel other entrepreneurs forward.

Follow fellow community members and topics to see fresh insights, inspiration and advice.

This information is automatically pulled from your LinkedIn profile. To update, visit linkedin.com

By providing your email address you agree to receive community updates and exclusive offers from American Express OPEN. To learn more about how we protect your privacy please read our Privacy Statement

https://www.openforum.com/articl...

 

Red Flags In Choosing A Business Broker

When selecting a broker to sell your business, be suspicious if:

The broker wants a significant or total fee paid upfront. Many brokers have begun taking upfront fees, but generally the total fee is a combination of an upfront fee and commission paid upon sale of the business. But in what Glen Cooper, president of Maine Business Broker's Network in Portland, Maine, calls a "take away" sale, an unreliable broker meets with you, runs some quick numbers, tells you that you can get your price or even more for your business, and then asks for a check to get started. In many cases, business owners are so relieved that they've found a broker and elated that they'll write a check on the spot, without checking any references. "They get to 'take away' your check when they leave," says Cooper. "You'll never see them again, if they can help it."

http://www.inc.com/articles/2001...

 

How To Find A Business Broker

You've decided to sell your small business and now you're ready to introduce your company to the business-for-sale market. For most sellers, a broker can help find a buyer and assist with your exit strategy. Choosing the right broker is important in order to maximize the sale price for your business and fund your next venture or retirement of your dreams. On the other hand, the wrong broker could have your business laying dormant on the market for months (or even years) or have you leaving money on the table at closing.

Don't let that happen to you. Follow these tips to choose a broker with the skills and experience to sell your business in the shortest time frame for the highest price.

http://www.entrepreneur.com/arti...

 

Posted by

Tweet