Is A Career As A Business Broker Right For You?
While broker turnover is low at Apex, we do lose one every now and then. Our brokers see so many great businesses that they often have a hard time resisting the opportunity!
Jeff Wilson recently left us to run Blues to Bach, an equipment rental and music lessons business that feeds his passion for families and music. And Brandt Hill bought Kite’s Bar and Grill in Manhattan, KS…a business he got to know so well he couldn’t pass it up.
So that leaves us with a few spots for aspiring brokers to join our team. And business is good in this space right now. Is there any chance you or someone you know might be interested? If so, consider the following:
Run Your Own Show – With Help
We’re structured uniquely here at Apex. We offer personal coaching and mentoring, shared office space and strong team collaboration. Each broker solicits and runs his or her own business, working on a contract basis with us. Compensation is 100% earned commission, with no limitations on earnings!
Some Experience Required
Most people who do well as business brokers have a good deal of experience – often having owned a business themselves at some point. They’re motivated and well connected, so they’re prepared to uncover good business sales opportunities and strong potential buyers.
The most important qualification is a strong ethical foundation. Other important requirements:
- Background in sales and/or finance: It’s not required, but it can be quite helpful.
- Willingness to learn as you go: There’s no great way to prep for this job. You’ll need to hit the ground running and learn along the way.
- College degree: Also helpful but not required. One of our brokers has a PhD in chemistry!
- Patience: It often takes nine months to a year to make the first sale.
The Payoff Is Great
The result of your patience and hard work can be rewarding in many ways. Most of our brokers have been with us 10 years or more. It feels great to own your own business, with the flexibility that implies. You meet a lot of interesting characters. And you get to help people achieve their dreams of retirement, business ownership or a career change.
Whether you’re working with the buyer or the seller, the outcome of your effort is success for both. It’s something you can all walk away feeling great about. We love repeat customers. There’s nothing more rewarding than selling a business and seeing the owner return a few years later, having built the business up and being ready to sell it again.
Sound enticing? If you’re interested in learning more or know a potential candidate, give us a call at 913.383.2671 or email Doug Hubler at .
If you or someone you know is interested in buying or selling a business, please call us at 913.383.2671 or contact one of our Apex Business Advisors today!