How To Choose a Business Broker

Boss Talk: Selling & Buying Businesses with Jim & Carey

LINK TO YOUTUBE: https://youtu.be/OqEDsaRhy10

WEBSITE: https://bossgi.com

RELEASE DATE: September 26, 2024

SHOW NOTES:

Boss Talk: Selling Businesses with Jim Parker and Carey Sobel | EP 13 | How to Choose a Business Broker

Welcome back to Boss Talk! With only about 10,000 business brokers in the United States, the stakes are high when selling one of your most valuable assets—your business.

In this episode, hosts Jim Parker and Carey Sobel of Boss Group International, delve into the essentials of selecting the right business broker. Their discussion covers key factors such as experience, empathy, industry knowledge, continuing education, ethical standards, and the importance of a strong professional network. Learn why experience isn't just about years in the industry, but about overcoming the many challenges in deal-making. The duo also highlight the significance of building good relationships, having honest and tough conversations when necessary, and never cutting corners for the sake of client satisfaction. If you're looking to sell your business, this episode provides invaluable insights into what you should look for in a business broker to ensure a successful transaction.

Business owners, if this content resonated with you, feel free to contact Boss Group for any inquiries or to get started with a Broker’s Opinion of Value. We're here to serve you and ensure your business goals are met with excellence.

For more information on selling your business, visit https://www.bossgi.com

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Catch up on past episodes here: https://www.youtube.com/playlist?list=PL6P2KZ69USp7uXhVKINeFL6IzcV9dr0fa

00:00 Introduction to Boss Talk

00:23 Understanding the Business Broker Landscape

01:07 The Importance of Experience in Business Brokerage

05:24 Empathy and Relatability in Business Brokerage

08:23 Building Strong Relationships with Business Brokers

13:53 The Role of Professional Networks and Peer Groups

21:04 The Value of Industry Designations and Continuing Education

26:58 The Importance of Professional Connections

31:29 Avoiding Shortcuts in Business Brokerage

38:06 The Importance of Success Rates and Quality of Life

40:37 Conclusion and Final Thoughts

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