Blog Posts

Why do I need a business broker?

There are many reasons why you should hire a business broker. Some of them are:

1. Time factor. 

If you try to do the work of a business broker yourself, you will find yourself losing valuable time. A business broker can do all the work for you and the benefit for you is that you get to save your precious time.

2. Paperwork. 

The paperwork and other technical processes involved in the purchasing & selling of a business can be daunting. A business broker can take of all the paperwork and other technicalities for you.

3. Business valuation. 

By hiring Paradigm Business Brokers, you will be presented with a valuation for your business. The valuation will be done by expert brokers of Paradigm that have extensive business experience.

4. Confidentiality. 

Business brokers ensure that the entire process of selling a business is confidential in its entirety.

5. Effective representation. 

If you want to sell your business, you want to make sure that your business is presented to potential investors/buyers in the best light. Business brokers will represent your business to the relevant people in the most effective manner.

Problems with selling a business by yourself:

There are a few problems that might arise if you opt for selling a business yourself rather than hiring a professional business broker. 

1. Technical paperwork.

Selling a business is a long and complicated process that involves a lot of paperwork which can be very technical for most people. You might have trouble in arranging all the paperwork for completing the selling process. A single mistake in the paperwork can lead to a lot of issues and therefore, it is always advisable to hire a professional business broker. 

2. Negotiations. 

When selling a business, you might not get the buyer to pay you the amount you expect. Negotiations might fail and you might end up selling a business for an amount lower than what it is actually worth. In such situations, it is the professional business brokers that can negotiate in the right manner and get the buyers to pay the amount that the business is actually worth. 

3. Legal formalities. 

There are many legal formalities involved in selling and buying a business. These legal formalities often require a lot of research and other efforts which can be tiresome for people. Business brokers are helpful in such cases as they take care of all the legal formalities and requirements in the most effective manner possible. 

4. Networking problems. 

If you want to sell a business, you need to have contacts in the business world. If your network isn’t strong, you might not find a suitable buyer for your business. Business brokers have a strong network in the business market and they can get the best buyers for each and every business. At Paradigm Business Brokers, we make sure that our network is strong so that we can get the best for our clients.

5. Time consuming process.

Buying or selling a business is a very long process. It takes a lot of time and efforts to get things moving. People often do not have enough free time to deal with such procedures of selling a business. This is why business brokers are helpful as they do all your work for you, while you take care of other important things in life.