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How To Become A Sucessful California Business Broker


Peter Siegel with BizBen.com chats with San Francisco Bay Area Business broker Tim Cunha on what it takes to become a successful Business Broker and what he does to remain successful.

We Discuss On This Vlog/Podcast:

* Who Usually Enters The Industry? Type Of Work Background?
* What About Educational Background?
* How Long Does It Take To Become "Successful"?
* How Many Months Before Commissions Start Materializing?
* What Are The Typical Usual And Customary Commission Rates?
* How Many Hours A Week Does It Take To Be Successful?
* Can This Be A "Part-Time" Career?
* What Operating Costs Does A Business Broker Incur?
* What Does The Typical Business Broker Do Daily?
* How Does A Business Broker Find Listings? ... Customers?
* What Annual Compensation Can One Expect To Make?
* What Attributes Make A Business Broker Successful?
* Is It A Good Idea To Specialize - Business Types, Geography? Size?
* How Does One Get The Best Training To Become A Business Broker?
* What Is The Turnover Rate In The Business Brokerage Industry?


Comments Regarding This Video Or Podcast

2/14/2017

I enjoyed listening to this chat, very interesting. I agree with the point that it helps immensely to have had either been a business owner or have business management skills to become a successful business broker. It's difficult to do business brokerage part-time, but I find my most productive time is between 10am and 3-4pm, unlike residential sales which requires meeting with clients late in to the evening, so it's possible starting out to do business brokerage and something else later in the day, until there is a stream of income.


  Helpful Resources To Assist In Selling And Buying California Businesses
Shalonda Chappel-Pilgram: Escrow Services - Southern CA

Escrow services to brokers & agents, owner/sellers, & buyers. Established 43 years. Extraordinary service. Experienced with handling difficult transactions. One stop for all your escrow needs: Bulk sales, lien searches, UCC searches, liquor license transfers, publishing & recording services.

Diane Boudreau-Tschetter: Escrow And Bulk Sale Services

California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.

Helen Yoo: Escrow & Bulk Sale Services - Southern California

New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.

Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence Services

Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.

Janet Carrera - Escrow & Bulk Sale Services - SF Bay Area

Redwood Escrow Services, Inc. is a full service, licensed independent escrow company. We are EAFC Fidelity bonded, fully insured & licensed with the Department of Corporations. Committed to offering our clients the most comprehensive variety of escrow services available. Phone Janet at 510-247-0741.

Joe Sandbank, Esq. - Legal Services

I have provided legal counsel to business buyers, sellers and brokers for over 17 years. With prior experience as a business broker and SBA loan officer, Joe brings both a practical and legal approach to all aspects of the business acquisition process.

Elizabeth McGovern: Escrow Services - SF Bay Area

McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.


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