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Tips 3 & 4 : 8 Tips for Finding the Best Business Broker


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Do due diligence: Just as a prospective buyer of your company will exercise due diligence, so should you. Examine your broker's background, experience, and credentials. Are there any lawsuits or complaints against them? Check the Better Business Bureau. Investigate their references. Have they handled sales of your type of business before?

Find a dedicated practitioner: A business broker who spends all of their time selling businesses will add more value to your sales transaction than a part-time agent. A full-time business broker brings in a network of contacts and typically has a fuller understanding of the principles of business valuation. Find someone who is dedicated to the profession. If your company may be worth millions, consider merger and acquisition intermediaries. IBBA's code of ethics is a useful reference tool to use during your search.

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