Business Brokerage Designation
Posted by admin in Business Broker Resources on September 14, 2010
Business Brokerage Designation Programs
What is a business brokerage designation? A business brokerage designation is typically a certificate or certification program which confirms experience and or knowledge of business brokerage professionals. When you walk into a doctor’s office or law firm you see their certifications and diplomas on their wall because everyone wants to be assured that they have taken the time to study and become certified as holding a high level of specialized knowledge within their area of work, earning a business brokerage designation is similar to this, employers want to know they are hiring someone who is a specialist, not a generalist.
Who completes business brokerage designation programs? Business brokerage designation programs are completed by professionals around the world as developing markets mature and economies turn from mostly manufacturing based jobs to knowledge worker type jobs the demand for business brokerage experts greatly increases.
How much in tuition should I expect to pay for a business brokerage designation program? Our survey of the industry shows that most business brokerage positions pay between $850 and $1,500 for business brokerage designations. This is relatively inexpensive as this is about the same cost or slightly more than a single University course providing the skills needed to be a business brokerage . In addition to expenses you may also need to incur testing or technology fees if your testing is done within a physical testing center. Books for most business brokerage designation programs cost $100-$200 total.
Why should I complete a business brokerage designation? First off, if everything else is held equal and you are competing against someone else with your same educational background and work experience than it will most likely help you give you an edge if you have completed a business brokerage designation. These programs help potential employers know that you:
- Have re-invested in your own training and self-improvement
- Hold specialized knowledge within this niche area, potentially much more so than others competing for this job who do not hold a designation
- Are pro-active, goal-oriented and serious about your own career development
How do I determine which business brokerage designation offers the most value? When you evaluate designations designed for business brokerages consider whether that organization will allow you to complete the training while working or going to school full time. Almost all of us must earn these types of designations within already full schedules so it is critical that all video training, testing, and interaction may be completed 100% online without any hidden testing or technology fees that most Universities sneak into the fine print. Typically this will be clear on the organization’s website but if it already clear email the team and ask them about whether there are any additional fees in addition to the tuition payment and purchasing of required texts.
What is the Certified Business brokerage (CBB) Program? The Certified Business brokerage (CBB) Program is a 100% online designation program for a business brokerage professional who is looking to work within the industry. This program was built by experienced business brokerage experts to help train and verify the knowledge of other aspiring business brokerage professionals.
Who is this program not for? This program is not for those looking to simply get a quick boost to their resume without doing any work. Like anything in life you get out what you invest into the program and our program is not something you can join and pass with flying colors by winging it or just using an online business brokerage cheat sheet of some sort. If you are looking to build your credentials by paying for a designation in this space we are not the program for you. If on the other hand you are looking to complete an online business brokerage training program and designation to greatly improve the depth of your knowledge within this industry while also verifying this knowledge than this program could be of huge value to you and your career.
Interested in completing this program?
Register or Learn More About The Certified Business brokerage (CBB) Certification
Tags: Business brokerage Designation, Designation for Business brokerage, Business brokerage Designations, Business brokerage Designation Program, Online Business brokerage Designation, Designation Programs for Business brokerage Professionals, business brokerage designation course, business brokerage designation class
Online Business Broker Training
Posted by admin in Business Broker Resources on September 14, 2010
Benefits of Completing Business Brokerage Training Online
There are many benefits to completing online business brokerage training programs but not all of these are immediately obvious. Completing your training online may or may not be the best option for your unique situation but it is important to at least be cognizant of the differences upfront before you enroll within any program. If you haven’t considered these items in the past they may be able to save you over $2,000 over the next few years.
24/7 Support & Learning Resources: Traditional schools are setup to provide you with customer service and support during business hours. Online business brokerage training programs are setup to help you find answers efficiently at any time of the day with online forums, extensive FAQs, click to chat services, and more responsive email and phone call support as well.
More Value – Less Tuition: Traditional schools typically provide a lecture which is 1.5-2 hours in length. Why is this? One of the main reasons is that it takes a certain level of effort to get the professor and all of the students in the same room at the same time, so once this is accomplished you may as well fit in a few hours of training. What is wrong with this is that extensive scientifically backed research shows that most professionals start to lose focus and stop paying attention after 20-40 minutes and no studies have provided conclusive evidence that watching someone lecture for over an hour straight is a productive method of instruction. If you enroll into an online business brokerage training program the host organization does not have to force you to sit through 2 hours straight of lecture, video or audio resources can be broken up into concise, focused 5-20 minute segments which help you learn about one idea at a time or skip over supplemental videos if they cover an area which you are already familiar with. This is just one of the ways in which completing your business brokerage training online can provide you with more value while typically paying 30-70% less in tuition.
Adaptive & Dynamic: Online business brokerage training programs are typically built based on industry best practices, industry demands, and participant requests. This is in contrast to more traditional school-based programs which are provided on-campus and are typically structured around theory, a textbook, or a single professor’s knowledge. While most on campus business brokerage training programs completely change their course matter and subjects as professors come and go within departments online training programs typically are constantly building our their coverage of the niche area, always adapting, evolving, and improving. This is possible because knowledge is passed through digital media such as video and audio resources instead of being held in someone’s mind and class notes of what “should be taught.”
Time is Money: Everyone’s time is worth something whether that is $6/hour or $60/hour you need to calculate what this number is in your case and calculate commuting costs to complete an in-person course or examination vs. an online training program. I believe if you take moderate estimates of this wasted time into account you will see that your commuting time is costing you almost as much if not more than the tuition. For example, if your time is worth $27 an hour and you spend just 40 minutes commuting each way to campus every week for 16 weeks that total cost of your time is $576. What is the real cost of not getting trained online?
Superior Alumni Benefits: Since online business brokerage training programs must develop video and audio based resources it is much easier to then offer these same resources or related online training modules to alumni for little or no extra cost. The result is that alumni are actually treated like valuable members of a community instead of just someone that a more traditional school may contact for a donation to their foundation after a few years. Traditional universities and campuses must pay for their buildings, land, and overhead so in the end you are either paying an online training organization to develop great resources or you are paying more for a campus to keep up maintenance on their buildings and land. Which is more valuable to you and your career? A good example of how this is unfolding in other industries can be found in the movie rental business. In this industry everyone is asking themselves: Why pay $5 per movie rental to pay for someone’s building, electricity, and overhead when you can pay $10 or less a month and rent several movies through Netflix?
I hope these benefits of online business brokerage training help you decide whether these types of programs are right for you. If you have some follow up questions feel free to contact our team or read more about our Certified Business brokerage (CBB) program on BusinessTraining.com.
Register or learn more about the Certified Business brokerage (CBB) Certification.
Tags: Online Business brokerage Training, Online Business brokerage Training Program, Business brokerage Training Online, online Business brokerage Training Programs, training programs for business brokerage professionals, business brokerage training course, business brokerage training class, how to get trained in business brokerage
Business Brokerage Certificate
Posted by admin in Business Broker Resources on September 13, 2010
Business Brokerage Certificate Programs
Below is a brief interview regarding our business brokerage certificate program offered through BusinessTraining.com.
Why do professionals complete business brokerage certificate programs? Our team has identified three main groups of professionals who typically complete business brokerage certificates, these include:
1) Students & Recent Graduates: Many professionals who have completed a two or four year degree find themselves without a job because their knowledge is not specialized enough. Everyone wants a job but companies generally want to hire professionals with every specific abilities, skills, training, and experience. The $100,000 question is how do you get these skills and abilities if nobody will give you a chance to work for them as a business brokerage in the first place? One way to improve what you can offer is completing a business brokerage certificate, as note below these programs can help you position yourself within this competitive industry.
2) Entry or Mid Level business brokerage professionals: The largest group of business brokerage certificate participants are those which are 1-5 years into their career as a business brokerage and have identified the need for further training. The business brokerage industry is so large that your responsibilities within the first few years of your career in this space may change drastically as you are trusted with more responsibility. As opportunities to be promoted or hired away into a better job arise you will want to be there with the specialized experience and training that employers value to give yourself the best shot at making that leap forward.
3) Experienced Professionals: The last type of professional we see commonly completing certificates in business brokerage are those which have 5, 10, or 20+ years of experience within another field and now want to transfer their career over to being a business brokerage position. In our experience these professionals are highly motivated to succeed but are hesitant about “starting over” or they question whether it is “too late” to make the move. Our advice to everyone is that if you know in your gut that you should make a move than trust yourself and write out a 3-5 year plan for making it happen. Most important things in business and life take hard work and sacrifice and it will likely never by easy to make this adjustment.
How can I complete a certificate in business brokerage? What is involved? Most business brokerage certificate programs will require you to read 300-800 pages worth of books on business brokerage. In addition to the reading most will include video modules, lectures, expert audio interviews with industry experts, and practice examinations. The goal of most of these programs is to help you master the necessary skills to do well within at least an entry level business brokerage job. All certificate programs that we have reviewed end with some sort of test or examination, and the best programs will also examine your practical application of the material as well.
How much does a online business brokerage a certificate program cost to complete? During our last survey of the business brokerage industry we saw that programs typically cost $700 to $3,500 to complete. In addition to the costs of tuition and acquiring the required readings watch out for hidden technology, testing, or commuting costs which are often added in when completing programs at Universities or community colleges.
Are these certificates complete online or on-campus somewhere in-person? While many programs are offer on-campus a few of the most popular are now offered 100% online as most participants who complete business brokerage certificates are already working or studying full time. Make sure whichever program you join that it requires a practical application of knowledge, career coaching, resume feedback, and some sort of online training component.
What are the benefits of earning a certificate in business brokerage? The benefits of completing a program are diverse and go beyond what may be immediately obvious if you are considering completing a business brokerage certificate. Some of the benefits of completing such a program include:
- Third party verification of your business brokerage knowledge, skills, and abilities
- In depth training and specialized knowledge within the business brokerage niche
- Career coaching, resume feedback, and support systems for alumni
I am interested. How Can I Complete a business brokerage Certificate Program? To complete your business brokerage certificate you will need to first identify which program you would like to complete. While there are many options available on the market, one which our team offers is the Certified Business brokerage (CBB) program. After identifying which certificate program to complete you will typically need to acquire some required readings (books), and then study for 3-6 months to prepare for the examination. Typically 75-100+ hours are needed to complete certificates within this field.
I hope these interview questions and answers help you evaluate whether you should be planning to complete a business brokerage certificate. If you have any further questions about completing certificates in this area please email our team or read our FAQ on BusinessTraining.com
Register or learn more about our Certified Business brokerage (CBB) certificate program.
Tags: business brokerage certificate, business brokerage certificate program, certificate in business brokerage, top business brokerage certificate, business brokerage certificate programs, top program in business brokerage, business brokerage certificate online, how to complete a business brokerage certificate, best certificate in business brokerage
Business Brokerage Certification
Posted by admin in Business Broker Resources on September 13, 2010
Top 5 Business Brokerage Certification Mistakes
Below are the top five business brokerage certification mistakes we see being made by both business brokerage and those looking to start their career within the field. If you have 2-3 minutes of your time to invest in reading and avoiding making these same mistakes you could help your career move forward at a much faster pace than otherwise possible.
1. Completing a more expensive on campus business brokerage certification: By our team’s estimates and records over 70% of business brokerage certification participants are already working or studying full time while completing such the certification. Due to this it is important to strongly consider completing a certification in business brokerage that is 100% online, meaning that the career coaching, video content, audio resources, forum, customer service, and testing is all online. If it is not you may have to work on another organization’s business brokerage hours, pay technology fees, or spend your valuable time commuting in traffic to attend in-person sessions or examinations. Even if your time is only worth $15 or $25 an hour these extra annoyances get in the way of learning faster and can add up to a higher cost than what you pay in total tuition.
2. Not investing at least a full hour in learning how to position yourself as being certified: While almost everyone who completes a business brokerage certification immediately adds this fact to their resume, most stop at that point when they could be doing much more. Once you have invested 100 hours+ in earning this type of a certification consider positioning yourself further through one of these methods:
- Adding details about being certified to your Linkedin.com profile
- Adding the certification’s logo to your resume to highlight this special training
- Making sure your resume is only 1 page long maximum so it is more likely to be read
- Adding a badge linking to the business brokerage certification program’s description on your personal bio website, blog or Linkedin.com, Facebook, Twitter, or Youtube.com Profile page
- Building a one page profile website which promotes your experience and training much like a resume
3. Assuming you are not experienced enough to complete a business brokerage certification program: We get emails from undergraduates, graduate school students, and recent graduates every day who mistakenly believe that business brokerage certifications are only for those with 3, 5 or 7 years worth of experience. Requirements to join business brokerage certification programs vary greatly from program to program and the program offered on Business brokerageTraining.com for example has no experience requirements.
4. Not taking certification in business brokerage serious enough: Everyone is busy and with several commitments to attend to each day it can be easy to put off reading, watching videos, or listening to audio resources for a certification program. It can help if you take a slow and steady approach and invest just 45 minutes a day each business brokerage day to covering the required reading and video-based materials for the program. Take notes while you study and start to put together a list of key ideas and pages to review in the future before your test.
5. Believing it is “too late” to complete a business brokerage certification: It is common for professionals with 10, 15, or 20 years of previous work experience or small business brokerage ownership to want to re-train themselves to enter the business brokerage industry either at an entry-level or mid-level position. This is natural and more common than you would think. Don’t be discouraged by the fact that you have 0 experience in the industry and no training, everyone starts from scratch at some point and your real life experience will pay off while on the job as you hopefully come off as a more respectful, mature, pro-active, and responsible employee who will be able to handle the politics of the work environment much better than many younger professionals.
These business brokerage certification mistakes are taken out of the over 3,000 emails our team at Business brokerageTraining.com and the Global Training & Certification Institute receive every week. We hope that by sharing these we can add value to your first while you evaluate whether to join a professional business brokerage certification program.
If you are interested in learning more about one option to complete such a program our team offers the Certified Business Broker (CBB) program.
Learn more about the Certified Business Broker (CBB) Certification.
Tags: Business brokerage Certification, Business brokerage Certifications, Business brokerage Certification Programs, Business brokerage Certification Program, Certification in business brokerage, Online Business brokerage Certification, Business brokerage Certification Review, Business brokerage Certification Courses, Business brokerage Certification Course, how to complete a business brokerage certification, how to get a business brokerage certification, top business brokerage certification programs, best business brokerage certification
Business Broker Certification
Posted by admin in Business Broker Resources on September 13, 2010
Top 5 Business broker Certification Mistakes
Below are the top five business broker certification mistakes we see being made by both business broker and those looking to start their career within the field. If you have 2-3 minutes of your time to invest in reading and avoiding making these same mistakes you could help your career move forward at a much faster pace than otherwise possible.
1. Completing a more expensive on campus business broker certification: By our team’s estimates and records over 70% of business broker certification participants are already working or studying full time while completing such the certification. Due to this it is important to strongly consider completing a certification in business broker that is 100% online, meaning that the career coaching, video content, audio resources, forum, customer service, and testing is all online. If it is not you may have to work on another organization’s business broker hours, pay technology fees, or spend your valuable time commuting in traffic to attend in-person sessions or examinations. Even if your time is only worth $15 or $25 an hour these extra annoyances get in the way of learning faster and can add up to a higher cost than what you pay in total tuition.
2. Not investing at least a full hour in learning how to position yourself as being certified: While almost everyone who completes a business broker certification immediately adds this fact to their resume, most stop at that point when they could be doing much more. Once you have invested 100 hours+ in earning this type of a certification consider positioning yourself further through one of these methods:
- Adding details about being certified to your Linkedin.com profile
- Adding the certification’s logo to your resume to highlight this special training
- Making sure your resume is only 1 page long maximum so it is more likely to be read
- Adding a badge linking to the business broker certification program’s description on your personal bio website, blog or Linkedin.com, Facebook, Twitter, or Youtube.com Profile page
- Building a one page profile website which promotes your experience and training much like a resume
3. Assuming you are not experienced enough to complete a business broker certification program: We get emails from undergraduates, graduate school students, and recent graduates every day who mistakenly believe that business broker certifications are only for those with 3, 5 or 7 years worth of experience. Requirements to join business broker certification programs vary greatly from program to program and the program offered on BusinessTraining.com for example has no experience requirements.
4. Not taking certification in business broker serious enough: Everyone is busy and with several commitments to attend to each day it can be easy to put off reading, watching videos, or listening to audio resources for a certification program. It can help if you take a slow and steady approach and invest just 45 minutes a day each business broker day to covering the required reading and video-based materials for the program. Take notes while you study and start to put together a list of key ideas and pages to review in the future before your test.
5. Believing it is “too late” to complete a business broker certification: It is common for professionals with 10, 15, or 20 years of previous work experience or small business broker ownership to want to re-train themselves to enter the business broker industry either at an entry-level or mid-level position. This is natural and more common than you would think. Don’t be discouraged by the fact that you have 0 experience in the industry and no training, everyone starts from scratch at some point and your real life experience will pay off while on the job as you hopefully come off as a more respectful, mature, pro-active, and responsible employee who will be able to handle the politics of the work environment much better than many younger professionals.
These business broker certification mistakes are taken out of the over 3,000 emails our team at Business brokerTraining.com and the Global Training & Certification Institute receive every week. We hope that by sharing these we can add value to your first while you evaluate whether to join a professional business broker certification program.
If you are interested in learning more about one option to complete such a program our team offers the Certified Business Broker (CBB) certification.
Learn more about the Certified Business Broker (CBB) Certification.
Tags: Business broker Certification, Business broker Certifications, Business broker Certification Programs, Business broker Certification Program, Certification in business broker, Online Business broker Certification, Business broker Certification Review, Business broker Certification Courses, Business broker Certification Course
Business Broker Designation
Posted by admin in Business Broker Resources on September 13, 2010
Business Broker Designation Research
What is a business broker designation? A business broker designation is typically a certificate or certification program which confirms experience and or knowledge of business broker professionals. When you walk into a doctor’s office or law firm you see their certifications and diplomas on their wall because everyone wants to be assured that they have taken the time to study and become certified as holding a high level of specialized knowledge within their area of work, earning a business broker designation is similar to this, employers want to know they are hiring someone who is a specialist, not a generalist.
Who completes business broker designation programs? Business broker designation programs are completed by professionals around the world as developing markets mature and economies turn from mostly manufacturing based jobs to knowledge worker type jobs the demand for business broker experts greatly increases.
How much in tuition should I expect to pay for a business broker designation program? Our survey of the industry shows that most business broker positions pay between $850 and $1,500 for business broker designations. This is relatively inexpensive as this is about the same cost or slightly more than a single University course providing the skills needed to be a business broker . In addition to expenses you may also need to incur testing or technology fees if your testing is done within a physical testing center. Books for most business broker designation programs cost $100-$200 total.
Why should I complete a business broker designation? First off, if everything else is held equal and you are competing against someone else with your same educational background and work experience than it will most likely help you give you an edge if you have completed a business broker designation. These programs help potential employers know that you:
- Have re-invested in your own training and self-improvement
- Hold specialized knowledge within this niche area, potentially much more so than others competing for this job who do not hold a designation
- Are pro-active, goal-oriented and serious about your own career development
How do I determine which business broker designation offers the most value? When you evaluate designations designed for business brokers consider whether that organization will allow you to complete the training while working or going to school full time. Almost all of us must earn these types of designations within already full schedules so it is critical that all video training, testing, and interaction may be completed 100% online without any hidden testing or technology fees that most Universities sneak into the fine print. Typically this will be clear on the organization’s website but if it already clear email the team and ask them about whether there are any additional fees in addition to the tuition payment and purchasing of required texts.
What is the Certified Business Broker (CBB) Program? The Certified Business Broker (CBB) Program is a 100% online designation program for a business broker professional who is looking to work within the industry. This program was built by experienced business broker experts to help train and verify the knowledge of other aspiring business broker professionals.
Who is this program not for? This program is not for those looking to simply get a quick boost to their resume without doing any work. Like anything in life you get out what you invest into the program and our program is not something you can join and pass with flying colors by winging it or just using an online business broker cheat sheet of some sort. If you are looking to build your credentials by paying for a designation in this space we are not the program for you. If on the other hand you are looking to complete an online business broker training program and designation to greatly improve the depth of your knowledge within this industry while also verifying this knowledge than this program could be of huge value to you and your career.
What are the learning objectives of the Certified Business Broker (CBB) program?
- Understanding and Using Net Present Value, Pricing, Costing, Working Capital, Sensitivity Analysis and other tools and best practices as a business broker.
- Understand how to Use, Interpret and Forecast Financial Statements (Balance Sheet, Income Statement, Cash Flow)
- To be able to Perform Business broker with the help of Ratio Analysis and Contribution and Margin Analysis
- To be able to Understand and Apply the Basic Principles of Accounting touching on Revenue Recognition and Income Determination
- Gain expertise in the Use Excel as a tool for Business broker effectively
Interested in completing this program?
Register or Learn More About The Certified Business Broker (CBB) Certification
Tags: Business broker Designation, Designation for Business broker, Business broker Designations, Business broker Designation Program, Online Business broker Designation, Designation Programs for Business broker Professionals, business broker designation prep, how to complete a business broker designation, business broker designation programs, top business broker designation
Online Business Broker Training
Posted by admin in Business Broker Resources on September 13, 2010
Benefits of Completing Business broker Training Online
There are many benefits to completing online business broker training programs but not all of these are immediately obvious. Completing your training online may or may not be the best option for your unique situation but it is important to at least be cognizant of the differences upfront before you enroll within any program. If you haven’t considered these items in the past they may be able to save you over $2,000 over the next few years.
24/7 Support & Learning Resources: Traditional schools are setup to provide you with customer service and support during business hours. Online business broker training programs are setup to help you find answers efficiently at any time of the day with online forums, extensive FAQs, click to chat services, and more responsive email and phone call support as well.
More Value – Less Tuition: Traditional schools typically provide a lecture which is 1.5-2 hours in length. Why is this? One of the main reasons is that it takes a certain level of effort to get the professor and all of the students in the same room at the same time, so once this is accomplished you may as well fit in a few hours of training. What is wrong with this is that extensive scientifically backed research shows that most professionals start to lose focus and stop paying attention after 20-40 minutes and no studies have provided conclusive evidence that watching someone lecture for over an hour straight is a productive method of instruction. If you enroll into an online business broker training program the host organization does not have to force you to sit through 2 hours straight of lecture, video or audio resources can be broken up into concise, focused 5-20 minute segments which help you learn about one idea at a time or skip over supplemental videos if they cover an area which you are already familiar with. This is just one of the ways in which completing your business broker training online can provide you with more value while typically paying 30-70% less in tuition.
Adaptive & Dynamic: Online business broker training programs are typically built based on industry best practices, industry demands, and participant requests. This is in contrast to more traditional school-based programs which are provided on-campus and are typically structured around theory, a textbook, or a single professor’s knowledge. While most on campus business broker training programs completely change their course matter and subjects as professors come and go within departments online training programs typically are constantly building our their coverage of the niche area, always adapting, evolving, and improving. This is possible because knowledge is passed through digital media such as video and audio resources instead of being held in someone’s mind and class notes of what “should be taught.”
Time is Money: Everyone’s time is worth something whether that is $6/hour or $60/hour you need to calculate what this number is in your case and calculate commuting costs to complete an in-person course or examination vs. an online training program. I believe if you take moderate estimates of this wasted time into account you will see that your commuting time is costing you almost as much if not more than the tuition. For example, if your time is worth $27 an hour and you spend just 40 minutes commuting each way to campus every week for 16 weeks that total cost of your time is $576. What is the real cost of not getting trained online?
Superior Alumni Benefits: Since online business broker training programs must develop video and audio based resources it is much easier to then offer these same resources or related online training modules to alumni for little or no extra cost. The result is that alumni are actually treated like valuable members of a community instead of just someone that a more traditional school may contact for a donation to their foundation after a few years. Traditional universities and campuses must pay for their buildings, land, and overhead so in the end you are either paying an online training organization to develop great resources or you are paying more for a campus to keep up maintenance on their buildings and land. Which is more valuable to you and your career? A good example of how this is unfolding in other industries can be found in the movie rental business. In this industry everyone is asking themselves: Why pay $5 per movie rental to pay for someone’s building, electricity, and overhead when you can pay $10 or less a month and rent several movies through Netflix?
I hope these benefits of online business broker training help you decide whether these types of programs are right for you. If you have some follow up questions feel free to contact our team or read more about our Certified Business Broker (CBB) program on BusinessTraining.com.
Register or learn more about the Certified Business Broker (CBB) Certification.
Tags: Online Business broker Training, Online Business broker Training Program, Business broker Training Online, online Business broker Training Programs, training programs for business broker professionals, business broker training course, class on business broker training, how to get trained as a business broker, business broker trainer
Business Broker Certificate
Posted by admin in Business Broker Resources on September 11, 2010
Below is a brief interview regarding our business broker certificate program offered through BusinessTraining.com.
Why do professionals complete business broker certificate programs? Our team has identified three main groups of professionals who typically complete business broker certificates, these include:
1) Students & Recent Graduates: Many professionals who have completed a two or four year degree find themselves without a job because their knowledge is not specialized enough. Everyone wants a job but companies generally want to hire professionals with every specific abilities, skills, training, and experience. The $100,000 question is how do you get these skills and abilities if nobody will give you a chance to work for them as a business broker in the first place? One way to improve what you can offer is completing a business broker certificate, as note below these programs can help you position yourself within this competitive industry.
2) Entry or Mid Level business broker professionals: The largest group of business broker certificate participants are those which are 1-5 years into their career as a business broker and have identified the need for further training. The business broker industry is so large that your responsibilities within the first few years of your career in this space may change drastically as you are trusted with more responsibility. As opportunities to be promoted or hired away into a better job arise you will want to be there with the specialized experience and training that employers value to give yourself the best shot at making that leap forward.
3) Experienced Professionals: The last type of professional we see commonly completing certificates in business broker are those which have 5, 10, or 20+ years of experience within another field and now want to transfer their career over to being a business broker position. In our experience these professionals are highly motivated to succeed but are hesitant about “starting over” or they question whether it is “too late” to make the move. Our advice to everyone is that if you know in your gut that you should make a move than trust yourself and write out a 3-5 year plan for making it happen. Most important things in business and life take hard work and sacrifice and it will likely never by easy to make this adjustment.
How can I complete a certificate in business broker? What is involved? Most business broker certificate programs will require you to read 300-800 pages worth of books on business broker. In addition to the reading most will include video modules, lectures, expert audio interviews with industry experts, and practice examinations. The goal of most of these programs is to help you master the necessary skills to do well within at least an entry level business broker job. All certificate programs that we have reviewed end with some sort of test or examination, and the best programs will also examine your practical application of the material as well.
How much does a online business broker a certificate program cost to complete? During our last survey of the business broker industry we saw that programs typically cost $700 to $3,500 to complete. In addition to the costs of tuition and acquiring the required readings watch out for hidden technology, testing, or commuting costs which are often added in when completing programs at Universities or community colleges.
Are these certificates complete online or on-campus somewhere in-person? While many programs are offer on-campus a few of the most popular are now offered 100% online as most participants who complete business broker certificates are already working or studying full time. Make sure whichever program you join that it requires a practical application of knowledge, career coaching, resume feedback, and some sort of online training component.
What are the benefits of earning a certificate in business broker? The benefits of completing a program are diverse and go beyond what may be immediately obvious if you are considering completing a business broker certificate. Some of the benefits of completing such a program include:
- Third party verification of your business broker knowledge, skills, and abilities
- In depth training and specialized knowledge within the business broker niche
- Career coaching, resume feedback, and support systems for alumni
I am interested. How Can I Complete a business broker Certificate Program? To complete your business broker certificate you will need to first identify which program you would like to complete. While there are many options available on the market, one which our team offers is the Certified Business Broker (CBB) certificate program. After identifying which certificate program to complete you will typically need to acquire some required readings (books), and then study for 3-6 months to prepare for the examination. Typically 75-100+ hours are needed to complete certificates within this field.
I hope these interview questions and answers help you evaluate whether you should be planning to complete a business broker certificate. If you have any further questions about completing certificates in this area please email our team or read our FAQ on BusinessTraining.com
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Are Franchises “Low Risk” Investments?
Posted by Jeff in Business Broker Resources on August 19, 2010
Modern franchising came to prominence in 1932 when Howard Deering Johnson started his franchised restaurant concept based on his successful Howard Johnson restaurant in Massachusetts. This led to the same branded concept being applied to other types of businesses. By the 1950’s with the expansion of the interstate highway system, franchising was well entrenched as a low risk path to prosperity in one’s own business. The idea was, and still is to be in business for yourself, without being in business by yourself.
Business Brokers have many buyers that might be a good fit for a franchise type business. Most brokers handle both new stores and resales of franchise businesses. They appeal to a certain type of buyer that want the security of a proven business system.
The question is, are they less risky than other types of businesses? Are some more risky than others?
Based on the statistics of the SBA, overall franchises have a failure rate of less than 5%. So 95% are successful. This is much higher than business startups, which shows about 5% still in business three years after opening. This failure rate of startups also gives smart business brokers and buyers a very good reason to avoid businesses that have less than a three-year history.
There is no question that some new smaller franchises are higher risk than the established ones. But, how do the well known ones actually do? In this CNN Money article by Catherine Clifford we get the answer. Of the 10 most popular franchises over the past decade the failure rate varies widely. Since SBA financing normally requires a personal guarantee, if the business fails the buyer may be forced into bankruptcy.
Just looking at the top 5 most popular franchises, the one you pick can make quite a difference in the risk involved. Risk is one of the big factors used in determining the price of a business, and you often get what you pay for.
Do you want to do sub sandwiches? Subway has an average SBA loan of $171,000 and a failure rate of 7%. You might think going with Quiznos is a better deal with an average SBA loan of $144,000. With a failure rate of 25% it does not look so good.
How about ice cream? Number 4 Cold Stone Creamery has an average SBA loan of $234,000 and a failure rate of 31%, compared to Dairy Queen with an average loan of $328,000 and a failure rate of only 8%.
What can the business broker and buyer learn from this? There are many factors that influence whether a business is successful, franchise or not. Average numbers may often be misleading. But as a professional, you should make it a point to stay on top of information that will affect your buyers and sellers.
Welcome to Business Broker Bible.com
Posted by admin in Business Broker Resources on July 31, 2010
Welcome to Business Broker Bible.com
Here we provide free business broker business advice, startup business advice, and coaching to professional business brokers. In addition to running this blog our team runs a Business Broker Certification Program.