It is certainly true that owning your own business can be extremely rewarding. Amongst those rewards you would have to include both the freedom to control your own destiny and the ability to significantly increase your earnings. Sometimes though, however much you want to achieve that dream, that first step can seem just a little bit daunting. This is where you can be helped by a Member of the Arizona Business Brokers Association.

For those of you that have owned a business previously you have already come across some of the problem issues and are therefore even more aware of how an AZBBA Member can help you smooth the way.

Whatever the case, that AZBBA Member will be able to help you through the process and will help you answer the many questions that go through your mind.

 

What questions should I ask What information should I expect to receive? How do I evaluate the business? What am I missing? Have I got the best deal possible?

You have to be realistic and accept that you do need professional help. An AZBBA Member is ideally placed to offer that help to you and will be of great practical assistance in finding the right business for you.

How to select a business

This is not an easy matter because there are many things that you need to consider. The following are some examples.

• What is your business background and do you want to continue using those skills or do you want a complete change? (Many people do!)
• Are you looking at manufacturing? Or retail? Or the service industry?
• Do you want a large business or one that has few or no employees?
• Do you want a business that makes a small profit now but has growth potential or a business that is already operating at a higher level?
• How much money are you planning to invest in the new business? Are you contemplating a down payment with financing or an outright purchase?
• How much money are you planning to invest in the new business? Are you contemplating a down payment with financing or an outright purchase?
• Will the business be your sole source of income and, if so, what amount of profit do you need the business to make?

It may be some consolation to you to know that the vast majority of buyers either do not know what sort of business they want to buy or end up buying a business of a different type to what they originally had in mind.

Whatever the case you can see why an AZBBA Member can be extremely helpful. That AZBBA Member has dealt all of these issues before and knows exactly how to help you answer your questions.

How to select an AZBBA Member

A recommendation is a great way of finding someone to help you but if you don't have this then click on the "Brokers Search" button on this website. This section shows a complete list of our Members and their web sites.

Click on some of these individuals and you will be able to visit their web sites and see a description of their background and business specialties. Then call and meet with some of them and discuss your concerns and requirements. After having done all this you will be able to select the person you felt most comfortable with and who you feel will best represent your interests as a Buyer.

The benefits of working with an AZBBA Member

All of the AZBBA Members are licensed by the State of Arizona, Department of Real Estate and have experience in the buying and selling of businesses. Some work more with Sellers and some work more with Buyers but all know the process intimately.

It is an important fact that all AZBBA Members had to undergo an application process. To be admitted as a Member an individual must show a minimum amount of time spent in Business Brokerage and demonstrate that they have achieved a specific level of practical experience of sales and purchases of businesses during that time.

In addition there are ongoing requirements for continuing education classes and most AZBBA meetings contain an education segment.

Finally you should know that all AZBBA Members are required to abide by a strict Code of Ethics and Standards of Practice.

So be confident that the Member you select to work with will be experienced and knowledgeable and will be able to successfully guide you through the whole process.