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Get expert insights, tips & tricks, and resources to help you succeed
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A business broker is a professional who assists in the buying and selling of businesses, acting as an intermediary between the buyer and the seller. They provide valuable expertise in valuation, negotiation, and the overall transaction process to ensure a smooth transition of ownership.
A business broker typically gets paid through a commission, which is a percentage of the sale price of the business once the transaction is successfully completed. Business Brokers typically charge between 8 to 15% of the sales price depending on demographics, experience, and other factors.
No experience is necessary, however, Key skills necessary for a successful business broker include analytical abilities, negotiation skills, financial acumen, knowledge of legal and regulatory matters, exceptional interpersonal and networking capabilities, along with empathy and patience.
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