Pros and Cons of Using a Broker to Sell a Business

Few things in life are as emotional and complex as a business sale. You've poured your blood, sweat, and tears into your business for years—even decades—and now, it's time to sell. But should you try to sell your business on your own, or use the services of a business broker?

 

Is it worth the headache of attempting to facilitate a sale while still operating your business? Are you certain of the real value of your business? Do you have what it takes to negotiate the best price? Can you differentiate between legitimate offers and scams?

 

In this episode, I look at the pros and cons of working with a broker, as well as detail some of the steps you can take to ensure that you're hiring the right one.
 
This week on The Financially Simple Podcast:

 

• (0:44) What is a business broker?

• (3:00) A simple analogy: For Sale By Owner vs Realtor

• (4:50) Why you should use a broker to sell your business