Don't Do This: Business Broker Hiring Advice - Selling Your Business 101

What should you consider when hiring the right business broker? Are you thinking about selling your business and looking for an investment banker or broker? What is the most important factors to consider when hiring a business broker to help you sell your company? In today's video, we cover five common mistakes I see business owners make when trying to sell their business and looking to hire M&A representation. Not all brokers are alike and there is no standardized training so picking the right partner is key to successfully selling you company and avoid potential confidentiality leaks. The five common mistakes when hiring a business broker are:
1) Not agreeing to a business valuation upfront prior to engaging a business broker - are you aligned on value? [2:43]
2) Choosing the wrong M&A advisor in terms of target market, business size or marketing approach [6:41]
3) Not hiring a full-time M&A professional or choosing non-M&A professionals like your accountant or lawyer [13:03]
4) Going for cheap vs paying for success [16:07]
5) Rushing to market & skipping the pre-market preparation/work required [20:45]
If you have any other questions, please comment below. If you enjoyed the video and found it helpful, please like and subscribe to FinanceKid for more videos soon!
If you want to reach out via email, you can contact me at;
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If you are looking to sell your business and would like to learn more about Roblee Capital, please reach out to me for an introductory call. You can contact me through email or through my LinkedIn at;
/ robert-bezede-20ab8a6a
Roblee Capital is a Toronto-based M&A Investment Bank focused on serving companies with revenues between $1MM to $100MM primarily offering sell and buy-side M&A services. We work with Canadian-based business owners looking to sell their lower mid-market business. If you are a Canadian business owner looking to sell or buy, please reach out so we can connect at the link below:
www.robleecapital.ca/

[@driedcucumber2237]

As always amazing videos, but why are all your recent videos so quiet? I have to turn up volume to 75%

[@financekid3163]

Thanks for watching! Hmmm let me look into that, it may be my microphone. Thanks for letting me know.