Wrong appraisals, conflicted advice and making wrong decisions could cost you when you sell your business. There is an expiry date to selling your business due to factors such as a pandemic, lease expiration, change in market sentiments, competition and more. Understand the issues to avoid common mistakes.
You will find that a huge number of problems in businesses exist because of mistakes made at purchase. In many businesses, the money is made when you buy, not when you sell. If you buy wrongly, you could be swimming against the tide to turn the business around. Learn to find good businesses and save yourself much pain.
There will always be buyers looking for good businesses in any economy. But many businesses are not 'packaged' properly or have problems that shun buyers off. It is so important to build your business correctly to a standard that brings you results (and give what buyers want).
The life of a business broker is never boring. You will grow and expand your horizon as you see more and more businesses. But the learning curve is steep and many people give up. What does it take to quick start your path as a business broker?
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