Your Business Sold

What is a business broker

what services are provided?

A business broker is a professional with a track record and time served in buying and or selling businesses. You should expect a broker to have completed a number of transactions and to be ‘commercially’ aware of the skills needed to run and build a successful business. In other words, you would want your broker to demonstrate that they have held senior positions, with profit and loss responsibilities, in larger firms. That they have taken entrepreneurial risks in the past e.g. running their own business, so that when they discuss your business with you, you will know that they are advising from a position of earned authority. The job of a business broker should be (but care it isn’t always) to manage the process of selling your business including ensuring that your business is optimised (any trading issues are resolved), marketing, negotiating and closing the deal.

See ww.hhcbs.co.uk for a business broker.

What do I need to know about selling my business? How can I avoid common mistakes?

It is important to understand:

• What your options are
• What is a business broker? <<
• What are the different types of broker?
• What do business brokers charge?
• How much is your business worth?
• Should you go it alone?
• How does advertising work?
• What should I pay to advertise?
• Do’s and Don’ts, common mistakes made when selling a business
• How do you get maximum value?
• What is an exit strategy?