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Without a good succession plan in place, business owners may find themselves making hasty, ill-formed decisions when they have to or need to sell. One of the worst things sellers of businesses do is hire a business broker thinking that a business broker has the experience, connections, and motivation to help them sell quickly. Unfortunately, this is seldom true. In fact, an astounding number of business brokers have never bought or sold businesses themselves and are clueless about the critical business valuation part of the process. Before you hire a business broker, consider these reasons you may want to re-think that decision.

NPO Medical Abbreviation, Oct 20 2019 on