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Old 8th September 2010, 07:03 PM   #1
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Join Date: May 2010
Location: Detroit, MI
Posts: 1,344
Default 5 Qualities Of A Good Business Broker

Majority of small business owners use a business broker when buying or selling their business. A business broker takes the headache out of buying or selling process and lets you focus on your primary tasks. A broker also presents you with more and targeted opportunities that you cannot otherwise find yourself. One of the most important considerations when choosing a broker is whether he/she can help you sell your business at the highest possible price in the shortest time or buy a business at the lowest possible price quickly.

However, not all business brokers are created equal. There are good business brokers and there are mediocre ones. A good business broker has the ability to understand your needs and criteria and quickly find opportunities that fit them. He can also describe the pros and cons of those opportunities and help you make the right decision.

A mediocre business broker, on the other hand, can harm you by dragging the process forever and also preventing you from going to another broker because of mutual exclusive contract. Since buying and selling a business is a time consuming experience this can harm you in more than one way.

So what are the qualities of a good business broker that will help you choose the right one.

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