Hi, it's Carl Allen, and I wanted to record this critically, I want to talk today about business brokers now business brokers are the kind of primary go-to strategy that most businesses seek people that want to buy a business. Brokers are the people that you typically go to first, because business brokers, go around, they find loads of business owners that want to sell and they sell them on listing their business for sale through their websites and through other different portals.
Generally, my perception of brokers is not that great. Most of the brokers that I come across, not all of them, but most of them that I come across, I don't particularly rate them very, very highly. What brokers tend to do is they will overpromise big multiple valuations, lots of money for the seller, and they will drastically overvalue a business just to get the kind of big upfront fee that these brokers charge.
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