They start to wonder what else is in there. They assume the worst. They start asking questions you cannot easily answer because the records are inconsistent. Due diligence slows down, which gives buyers more time to get cold feet.
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The Most Valuable Thing a Business Broker Can Do for You Is Tell You a Number You Might Not Want to Hear
The right broker costs you a commission and makes you significantly more. The wrong broker costs you time, positioning, and often a price reduction you could have avoided entirely.
How to Read a Business Broker’s Track Record And What the Numbers Actually Mean
Transaction volume is quantitative. But some of what you need to evaluate in a broker is qualitative — and the fastest way to assess it is to listen to how they talk about your industry.
Why a Broker Who Charges Upfront Fees: It Has Already Told You Something Important
By Michael Shea | Transworld Business Advisors of Tampa Bay When you interview a business broker, you are evaluating their competence, their market reach, their track record, and their personality. Those things matter. But before any of them, there is a structural question that determines whose interests a broker is actually serving: do they […]
The Co-Brokerage Question: One Answer Tells You Everything About Whose Side Your Broker Is On
Follow up with: have you co-broked on closed deals in the past year, and can you give me an example? Asking for a real transaction turns a policy conversation into a track record conversation, and track records are harder to fake.