Why Should I Use a Business Broker to Sell my Business?
Why Should I Use a Business Broker to Sell my Business?
In exchange for their commission, your broker will:
1. Protect your investment in the business by placing the proper value on your business. Brokers can be a wealth of information when it comes to current market conditions, issues related to pricing and financing and many other facets of the business selling process.
2. Find the right buyer. A broker can bring more prospects to your business than you could ever do on your own. Finding the right buyer can be time consuming, and having a broker involved will you read the market, know who is buying and who has resources, and weed out the “tire-kickers” from serious buyers with sufficient financial resources.
3. Create a Marketing strategy by properly positioning the sale of your company to attract and motivate as many qualified buyers as possible.
4. Protect the confidentiality of the sale. They can ensure that the news of the sale remains confidential, and that loyal customers, staff, vendors and suppliers find out you are selling only when you are ready to let them know.
5. Handle all negotiations, and ensure that all transactions are legal. A broker will take care of all time consuming and legal paperwork and reduce the risk of missing a crucial step in the selling process.
6. Help make sure all your conditions are met and be your ally in the process. They will also see that the transition to new ownership is as wrinkle free as possible.
7. Will coordinate efforts between lawyers, CPAs, bankers, insurance agents, etc.
To find a qualified business broker, take these steps:
1. Visit online business-for-sale marketplaces to search for a qualified Business Broker to help you successfully sell your business!
2. Get referrals from a trusted source. Ask your accountant, lawyer, peers, and industry association for names of good business brokers.
3. Check with The International Business Brokers Association® (IBBA), a non-profit "trade association of business brokers providing education, conferences, professional designations and networking opportunities." IBBA has over 1300 members and provides a professional certification process.
Hiring a broker is a logical step in selling your business. You are an expert at running your business; brokers are experts at selling your business. The sooner you realize that, the better off you will be.
Why Should I Use a Business Broker to Sell my Business - To learn more about this author, visit Tom Parsley's Website.
Like this article? Share it with your friends
Selling the business you worked so hard to build is a very personal decision. Finding the right buyer can be extremely difficult if you try to do it on your own. Hiring a Business Broker to help sell your business and achieve the best possible price is worth the commission fee that they charge.
In exchange for their commission, your broker will:
1. Protect your investment in the business by placing the proper value on your business. Brokers can be a wealth of information when it comes to current market conditions, issues related to pricing and financing and many other facets of the business selling process.
2. Find the right buyer. A broker can bring more prospects to your business than you could ever do on your own. Finding the right buyer can be time consuming, and having a broker involved will you read the market, know who is buying and who has resources, and weed out the “tire-kickers” from serious buyers with sufficient financial resources.
3. Create a Marketing strategy by properly positioning the sale of your company to attract and motivate as many qualified buyers as possible.
4. Protect the confidentiality of the sale. They can ensure that the news of the sale remains confidential, and that loyal customers, staff, vendors and suppliers find out you are selling only when you are ready to let them know.
5. Handle all negotiations, and ensure that all transactions are legal. A broker will take care of all time consuming and legal paperwork and reduce the risk of missing a crucial step in the selling process.
6. Help make sure all your conditions are met and be your ally in the process. They will also see that the transition to new ownership is as wrinkle free as possible.
7. Will coordinate efforts between lawyers, CPAs, bankers, insurance agents, etc.
To find a qualified business broker, take these steps:
1. Visit online business-for-sale marketplaces to search for a qualified Business Broker to help you successfully sell your business!
2. Get referrals from a trusted source. Ask your accountant, lawyer, peers, and industry association for names of good business brokers.
3. Check with The International Business Brokers Association® (IBBA), a non-profit "trade association of business brokers providing education, conferences, professional designations and networking opportunities." IBBA has over 1300 members and provides a professional certification process.
Hiring a broker is a logical step in selling your business. You are an expert at running your business; brokers are experts at selling your business. The sooner you realize that, the better off you will be.
Why Should I Use a Business Broker to Sell my Business - To learn more about this author, visit Tom Parsley's Website.
Like this article? Share it with your friends
 | |
 |
No article feedback found. |
| |
Leave Your Feedback |
 | |
| |||
David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
|||
|
For an online Car Loan Calculator and finance for a cheap car loan. Get approved on car loans or car finance in Australia with cheap bank car loans and finding a car finance broker. Commercial car loans including business car finance and car lease. Car Loan Calculator has information on finance companies and getting the right cheap car loan from banks at best car loan rates and a online car loan calculator for all finance in Australia. Get the best car finance with our help at Car Loan Calculator and Finance Ezi. - Visit Richard Jefferies's Website |
|||
Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
|||
Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website |
|||
Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
|||
Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
|||
David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
|||
Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
|||
|
To learn more about the Evan Elite Author Program please contact us. | |||
 | |
|  |
Subscribe to Tom's articles
 | |
|
|  |
 | |
|
| |
 | |||||||
|
 | ||
|
||
 |
||
 |
||
|
| ||
 |
| Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details. |
|
|
 |
| Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media |
|
|
 |
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"
Click Here To Learn More |
|
|
|
|
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
|
|
|
 Positive Thinking Selling Shovels Performance Improvement Plan Auditory, visual preference? Hiring An SEO Expert |
|
 | ||
 |
Top 50 Political Blogs
Top Political Blogs of 2009 | |
 |
Top 50 Social Media Blogs
Top 50 Social Media Blogs | |
| ||
 | ||||
| ||||
|
| ||||
| ||||
|
|
|
|
|
||||||||||||
|
Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
|
|
|
| ||||||||||
|
| ||||||||||
|
|
||||||||||