Become A Business Broker
How To Become A Business Broker. Deciding to become a business broker is a great career choice because the business broker market is still vastly undermanned.
Business owners (sellers) need a business broker for 5 main reasons. ALL of these reasons begin and end in CONFIDENTIALITY. A properly trained business broker protects the confidentiality and integrity at all times. So the 5 reasons for confidentiality are…
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Customers / clients would go elsewhere
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Employees would look elsewhere
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Suppliers / creditors might pull credit
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Landlord might make life difficult if they knew
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Competition would almost surely RUN WITH IT
19{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} of all North American small businesses will have an interest in selling within the coming year – The Wall Street Journal
Business brokering is a rapidly growing industry because of three reasons…
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The Baby Boomer led ownership generation is retiring
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A down economy (corporate cutbacks ) provides increased buyers
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The franchise revolution has educated more people on self-ownership
So as you can imagine, any business owner thinking of selling is terrified to put his or her business on the public market for fear of how it will affect the business if it takes long to sell or does not sell. And by the way – they are 100{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} accurate in their fears as a business is permanently damaged by being sold on the open public market.
Then along comes a business broker to protect the confidentiality and integrity of the deal at ALL times. Just as you are probably imagining right now – a seller will jump at the opportunity to work with someone specifically trained in all confidential processes.
The Steps to becoming a business broker…
Before starting your search make sure you have researched your state or provinces real estate statute regarding business brokers needing a real estate license.
1. Decide do you want to work for yourself or work for another broker. Working for another business broker means splitting your commission splits. Working for yourself means keeping 100{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} of your commissions.
2. Finding a business broker training provider who offers support systems. Getting business broker training is not enough. You will need some type of support – at leats at the beginning.
3. Comparing business broker training fees. Franchises charge $13,000 and up. Independent training schools and services charge $3,900 and up. The Business Broker Training Center charges $499 and up.
4. Once you have decided on who is best for you – go for it and get training immediately. The best time to train is when you are the emost motivated.
Business Broker Training at https://www.businessbrokertrainingsenter.net
Business Broker Online School at https://www.businessbrokerschool.net
