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Richard also discusses the role of brokers and the importance of maintaining a good relationship with sellers throughout the buying process. rn Validate everything the broker and seller tell you; it's up to you to diligence it. rn Maintain a good relationship with sellers and use brokers as a resource.
Optimize Your Business Operations Optimizing your business operations can significantly boost efficiency and profitability. Provide access to resources such as online courses, workshops, and seminars. This can involve expanding into new markets, considering mergers or acquisitions, and hiring a reliable business broker.
You should also be prepared to discuss any dramatic swings (up or down) in sales, profit margins or expenses. Locally, there are commercial real estate firms that are ill equipped to handle the complexities of business sales, or traditional business brokers that typically handle the sale of retail "mom and pop" businesses.
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