Choosing the wrong intermediary is a significant obstacle to a successful sale of your business
On our website, 45dayexit.com, we identify 66 potential obstacles to the successful sale of a business. One of the significant obstacles is choosing the wrong intermediary.
Quite frankly, business brokerage is a high turnover industry. Many individuals jump in and last only a year or two before they realize how difficult it really is. Perhaps, more than anything else, business owners need to be sure they are dealing with a broker with the experience of actually having brokered successful business sale transactions.
Selecting a qualified business broker/intermediary is a key step in the business sale process.
Although we cannot endorse or recommend specific brokers, we want to help owners by identifying the following Business Broker Best Practices and Selection Criteria. Our newsletters and website espouse certain philosophies related to the process of selling a business through the use of a business broker. The criteria below reflect those values.
