Discover How to Become a Successful Business Broker
Business brokers, also called intermediaries, and are professionals who help others buy or sell private businesses. They typically handle the entire process, from valuing the business to advertising it and then negotiating the right price with a buyer or seller. Becoming an effective business broker, however, requires a sound knowledge of every aspect of business valuation and operations. Brokers may also need to be certified with their state, depending on where they live. Use the following steps to become a business broker. Part 1 Deciding to Become a Business Broker 1 Understand what a business broker does. A business broker is essentially a deal maker between the buyers and sellers of businesses. They generally represent the seller of a business, but can also represent buyers, both parties, or act as neutral intermediaries. Their goal is to make the selling process as easy and rewarding as possible for their client. Specifically, they handle every aspect of the sale, i...