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8 tips to help serious business buyers separate themselves from the tire kickers.

Author: Jhon Poll
by Jhon Poll
Posted: Sep 17, 2021

You are brooding about buying a business. Let’s face it, you almost certainly won’t. Neither will 990 out of the 1000 "potential buyers" who will contact my office this year. Being a business broker within the Philadelphia area, I can tell you from experience that the bulk of buyers aren't serious and are just "kicking tires."

It doesn't take long for business brokers to become callous and short with the bulk of potential buyers inquiring about a few businesses. Truth be told, business brokers can tell pretty quickly if a buyer is serious or not. That being said, here are a couple of tips to assist you to pass "tire kicker" status if you're a significant buyer.

Tip 1: structure your mind that you simply are a significant buyer. Business brokers get calls all the time from buyers who think that they'll make the jump from their weekly paycheck if they find the proper business. If you think that that you simply are getting to find the "perfect business" where the risks are nonexistent and everything is ideal, you're kidding yourself. Every business has risks related to it.

If you're highly risk-averse you almost certainly aren’t an entrepreneur and will keep your day job. If you've got been watching businesses for quite a year and have turned down opportunities because you don’t just like the color of the paint within the cupboard, you almost certainly aren't a significant buyer. If you recognize in your heart that you simply are an entrepreneur and you recognize that you're serious about leaping and you understand that there's no perfect business out there which you are getting to need to combat some risk then perhaps you're able to become a significant buyer.

Tip 2: Let the business broker know that you simply have narrowed down the sort of business you're trying to find. There are some people out there that scan the business purchasable sites and inquire on almost everything.

I even have seen an equivalent tire kicker over and over inquire about my businesses. they need to be inquired on everything from durable medical equipment companies, to commercial cleaning companies, to restaurants and bars. it's an enormous red flag to business brokers that the customer has no idea what they're trying to find and is hospitable to anything that

About the Author

I am a marketing executive in Muffleit. I have knowledge of on-page & off-page SEO, Analytics, and ads. Apart from this, I have knowledge of local listing.

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Author: Jhon Poll

Jhon Poll

Member since: Jul 19, 2021
Published articles: 8

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