What Makes a Good Business Broker?

Описание: Chandler Reed (Twitter/X: @ChandlerReedSMB), a local business owner and consultant, shares his views on what makes a good business broker.

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Video transcription:

What's the difference between a good and a great business broker?

I would say just the numbers of them, I would say bad and good. And then a few of them are great. I would say the most of them are bad. The good business brokers recognize that like there's two parties involved and they're trying to do right. And they know how to kind of like massage both sides of the transaction. Because again, their whole goal is, you know, they don't get paid unless the deal closes. Right. So a good business broker is really going to put both obviously they're representing the seller, but they're going to put keep both parties interests in mind and make sure that hey, everyone's walking away from this with a win win transaction.

I would just say overall, just business, especially depending on the market that you're in or now with the kind of how everyone's online, like word travels fast, people in industries know each other. So just your reputation at the end of the day is all that you have. So just try to be a good person, whether you're a salesperson, whether you're a potential business owner. I promise you, if you burn someone, life will find a way of getting that out and into some other people that you might want to be doing business with on the road. So just be a good person and anything that you can do in business and I promise you it'll come back in spades.