One of the fastest ways to sell your business is by using a Business Broker. Yet one of the biggest “myths” permeating the commercial market is that it is easy to sell your company without the help of an expert.
So what exactly is a business broker and why do you need one?
Facts #1: One Part Real Estate Agent
A Real Estate Executive acts as an authorized agent for the selling of residential property. They are
experts in getting your property sold. So too, a business broker understand the art
of showing your enterprise to clients in a way that brings the highest price and makes
your listing shine.
Facts #2: One Part Detective
A detective is defined as a private investigator whose function is to obtain information
and evidence. So too, a business broker will busy himself with the process of investigating
the commercial market, the competition and the best way to connect a qualified buyer with
your company. Just as a detective works for law and order, a broker works to unite
a competent purchaser with your establishment, leaving it in good hands for future growth.
Facts #3: One Part Office Manager
Paperwork is a necessary evil and an office manager knows how to read financial
data and organise it to be accessible at a moment’s notice. A great business
broker understands how to manage the documents necessary to sell your company.
The sales process if filled with paperwork. Be sure to consider this fact when you
pick someone to help you sell your business. A great business broker knows
which tax forms, inventory statements, payroll data and profit and
loss statements are necessary to show potential clients. Handing over this
project alone can save you weeks of time and hours of headache.
Once you understand what a business broker is, you can move forward with confidence.
Now you know WHY a business broker is an essential asset when preparing to sell your
company and its certain that you don’t want to be without one.
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