Have the results back from surveying business buyers, business owners/sellers, and business brokers and agents about what annoys them most about the other participants in a deal. Some information was inevitable some was surprising.
Today I focus on business buyers - this is what business brokers, agents, and business owners found most annoying about business buyers.
Top Complaints Regarding Business Buyers:
1. They don't understand and repect the "confidentiality factor" of the business being sold.
2. Not knowing what types/locations of businesses they want to buy and how much they can afford.
3. Have not been pre-qualified for financing, yet want to leverage their down payment.
4. They feel they can buy a business with no money down or utilize unrealistic terms in the deal.
5. They don't provide/have a completed Buyer Profile, Personal Financial Statement, or Resume
6. They don't phone, provide adequate feedback after the visit/interview with the seller.
Go ahead pile it on - what complaints do you have concerning business buyers. Over the next couple days I'll let you know what buyers said about business brokers and owners!
Let me know how buyers can improve their searches, and if you feel the complaints about buyers above are justified -
comment below and let me know.
See all contributions from Peter Siegel
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