Business Broker Guide

Ray asked:


My business broker is not doing his job, how do I fire him? I’m getting more leads then he is. Will I get a bill from him?

H.M.C asked:


Sorry I can’t go in detail about his job, because I have absolutely no idea what he does. I think it involves real estate.. Any who, my economic teacher said that Ben Bernanke said recession is very likely over. So, I’m assuming everything will be normal again and everyone will make money. True?

I guess I have 2 questions.

Thanks you!

“Rev-Jim-Baker” asked:


I went to college and to no avail I have no career. I do have a finance degree. I have not worked 1 job that was satisfying. I want to become a business broker with the ultimate goal of buying my own business. Is it too late to start on my goal?

I have no children or wife and no money either.

Frank M asked:


I went to business school specifically because I wanted to start my own business. I thought bankers would take me seriously if I had a degree in finance and management. I’m stuck in a crappy cubicle job, and I hate it. I want to break out and head on down entrepreneur avenue.

I’ve browsed around some of the Business Broker websites, and have found a few likely candidates, but I don’t want to approach the current owners to request financial statements and tax documents until I know I can arrange financing.

I’ve been down to the SBA, twice, and they told me I had to speak to a bank about the financing. So I went to a couple banks and asked them specifically what the requirements are for a loan of this nature. They just gave me the blow-off.

Does anybody know where to go to arrange for financing to purchase an existing business? Ther preliminaries on many of these listings indicate that they could easily service any associated debt.

curly98 asked:


I know it is something to do with insurance, but that’s all I know. What schooling do you need for this job and what is the general pay? What does a typical day usually look like for a broker? Do they work for a company or on their own?

glensgirl05 asked:


I recently took the exam and am currently a licensed life, accident and health agent/broker in NY state. I plan to eventually have my own life insurance business however I just don’t know where to begin….. I graduated college a few years back and worked a job (unrelated to the insurance industry) I strive to make more than an average salary, I am very hardworking. Any help would be greatly appreciated!!

http://qualitybabystroller.com/

SkePt asked:


I know what a broker is but don’t know what an insurance broker is and wondered if anyone knew what it kind of job it is and what requirments you need to become one? Thanks.

http://www.namingmybaby.com/blog/

Brian Nav asked:


i saved £230 when iswitched my car insurance.now my last broker has sent me a bill for £136 saying i should of informed them when i switched.should i just pay or complain that i they had done the job i paid them to do i wouldnt of had to switch in the firstplace wat do you think ?????

http://www.safedebthelp.com/blog/

Good Girl asked:


Please give me a brief description of their duties.
Requirements?
Pay?

http://www.secretfinance.com/

Dezerai asked:


I dont have my real estate license yet, but I can sale business lists and get commission if I close the deal or even if someone else does. It’s in Arkansas I need some outside advise.

http://www.namingmybaby.com/blog/