What is the key experience factor when selecting a Business Broker?

By Hoke - Last updated: Sunday, August 1, 2010 - Save & Share - Leave a Comment

In any profession, the best means to get experience is to actually do the specific work from beginning to end. The more times the better. Unrelated or partially related prior experience while helpful is not a predictor of success in a different field.

Business Brokerage is a transactional business not a tenure business. Experience is measured in number of transactions completed. Not number of years in the business. Some Business Brokers complete one or more transactions per month and some complete one or less per year. When interviewing the Business Broker ask how many transactions they have completed.

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