Are You Trying to Choose a Business Broker? What Experts Recommend

Source: FitSmallBusiness.comchoosing a business broker

If you’re considering selling your business, then you may need to hire a business broker. BizBuySell has the largest online business broker directory, but how do you choose the right one? Andrew Cagnetta is CEO of Transworld Business Advisors, one of the largest firms offering business brokerage, mergers and acquisition, and he gives his perspective on what to look for when choosing a business broker.

One of the most important things is a history of success. Not only do you want a broker who can prove to you that he or she is skilled at closing a deal, you also one who’s skilled at marketing a business to a large pool of potential buyers while also keeping it confidential. Not as easy as it sounds.

Is it necessary for a business broker to have specific industry experience? According to Mr. Cagnetta, for businesses with under $2 Million in annual revenue, industry experience is not the most important thing. It’s much more important that the broker be skilled in the marketing and negotiating process of selling businesses.

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2 Comments on Are You Trying to Choose a Business Broker? What Experts Recommend

  1. Thank you for sharing this informative post with us!! Above given experts suggestions while choosing a business broker is really beneficial. It is the must for everyone who starts his/her new business and looking for trustworthy or beneficial business broker.

  2. I really like the idea of working with a business broker who has a history of success. I think that my brother and I want to buy a business in the future, and finding a good broker would be good for us. I’m going to have to make sure that we do some research about different business broker options and see what we can find about their history, and hopefully find one who can help us be successful!

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