Buyer Beware
There are “advisors” and “consultants” proclaiming to have sufficient specialized training for business buying, and the education, experience and resources to guide buyers of small and midsize businesses to a successful acquisition.
Detect the Differences
Anyone can declare their experience in the business buy/sell industry to be sufficient to deliver excellent service, free of conflict of interest, to business buyers. But experience as a business broker or any other type of advisor or service provider may not be enough to adequately guide a business buyer through the entire 22-Step Acquisition Sequence ™.
Look for practitioners that can show you their successful track record representing or serving business buyers of the size of business you want to buy. What, exactly, is the training and resources of the service provider? What specific part(s) of the acquisition process should the service provider handle?
Do not expect to get all the advice you need from any particular service provider. There is a big difference between legal, accounting, tax and business advice. One-stop shopping can put you in the poor house.
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