Tag : Broker

Business Broker – Small Business Encyclopedia #cheap #business #ideas


#business broker

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Business Broker

Definition:A professional who assists in the buying and selling of businesses .

The principal value of a business broker is to act as a buffer between the buyer and the seller. A broker can say certain things to a buyer and certain things to a seller and wind up with a productive discussion. The broker can tell the owner the price is too high, relay what has to be done to make a deal–very openly and candidly–and discuss how the differences in viewpoint can be ironed out effectively.

If you’re in the market to buy an existing business, a broker can help you find businesses for sale that fit your parameters, including location, industry and size. The broker will typically charge you a commission of 5 to 10 percent of the purchase price, but the assistance brokers can offer, especially for first-time buyers, is often worth the cost. However, if you’re trying to save money, you might want to consider hiring a broker only when you’re near the final negotiating phase. Brokers can offer assistance in several ways:

  • Prescreening businesses for you. Good brokers turn down many of the businesses they’re asked to sell, either because the seller won’t provide full financial disclosure or because the business is overpriced. Going through a broker helps you avoid these bad risks.
  • Helping you pinpoint your interests. A good broker starts by finding out about your skills and interests, then helps you select the right business for you. With the help of a broker, you may discover that an industry you had never considered is the ideal one for you.
  • Negotiating. During the negotiating process is when brokers really earn their keep. They help both parties stay focused on the ultimate goal and smooth over problems.
  • Assisting with paperwork. Brokers know the latest laws and regulations affecting everything from licenses and permits to financing and escrow. They also know the most efficient ways to cut through red tape, which can slash months off the purchase process. Working with a broker reduces the risk that you’ll neglect some crucial form, fee or step in the process.

When it comes to selling your business, finding the right buyer can be time-consuming and daunting if you try to do it yourself. A seasoned business broker can read the market, knows who’s buying what and who’s got resources, and can weed out the so-called “tire kickers” from serious buyers with sufficient financial resources who are well-suited to run a business like yours. They will also ensure that news of the sale remains confidential, that loyal customers, staff, vendors and suppliers find out only when you’re ready to let them know.

Then there are administrative issues. An experienced business broker knows what paperwork to file, and when. They also coordinate efforts between lawyers, CPAs, bankers, insurance agents and others.

While it costs money to contract with a broker to sell your business, think of the commission you’d pay him or her as a kind of insurance. Your broker will protect your investment in the business by placing the proper value on your business, finding the right buyer, getting you the best price possible, protecting the confidentiality of the sale, handling all negotiations, ensuring that all transactions are legal, and seeing that the transition to new ownership is as wrinkle-free as possible.

Brokers’ fees generally range anywhere from 5 to 10 percent of the selling price of the business, depending on negotiations with the broker, state laws and other factors. This is usually money well spend, because the broker can usually get more money for the business, make negotiations run smoothly, handle a lot of clerical and other details, and make a sale possible, whereas an individual business seller might not be able to accomplish all these things.

One of the key functions of a business broker is to act as a cushion between the buyer and the

seller and negotiate the details of the deal at a time when emotions can, and do, run high. A small business is often one of the biggest assets a business owner has, one which he or she has spent considerable time and money building. An experienced broker knows how to price a business and can toot the business’s horn in a way you might not be able to. The buyer can ask the broker pointed questions that might be difficult to ask you directly and get the answers he or she needs. The broker can also help answer any questions or resolve any problems that develop during the course of the sale.

When it comes to choosing a business broker, make sure there’s good chemistry between you and your broker and that the two of you communicate well. You’re paying your broker to look out for your interests, negotiate successfully on your behalf, and complete the transaction in a timely and professional manner.

To find a business broker to help you sell your business, take these steps:

  • Check newspaper ads under “Business Opportunities.” Look in your local and regional papers, as well as in The Wall Street Journal. You’ll frequently see businesses for sale under this heading, and just as prospective buyers are invited to inquire about these businesses, prospective sellers should also check out who’s facilitating these sales.
  • Look in the Yellow Pages under “Real Estate” or “Business Brokers.” Be sure to find a broker who specializes in selling businesses, not simply real estate. Don’t let the broker list your business on a realtor’s multiple listing service. Any broker who wants to do this isn’t willing to devote the time and work necessary to sell your business.
  • Ask for referrals. Ask other business owners who’ve sold businesses who they worked with. Your local chamber of commerce can also provide referrals to business brokers, as can your banker, CPA, attorney, and financial planner.

Once you find a broker to work with, sign a contract that specifies what kind of advertising your broker will do and that the name of the business will not appear in any ads or other promotion.



Grand Rapids Home Loans – Grand Rapids Mortgage Loans – Riverbank Finance

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Grand Rapids Home Loan | Michigan Mortgage Loans

Home loan mortgage rates are still low!

FHA Mortgage Loans in Michigan

FHA mortgage loans are a great option for first time home buyers or clients with bumps in their past credit. This flexible home loan option may allow you to buy home a with as low as a 580 credit score and only a 3.5% down payment. Mortgage rates are typically lower than Conventional home loans because they are insured by the Federal Housing Administration. If you are a first time home buyer or want to buy a home with a low down payment apply for an FHA Home Loan today!

Want more information on a FHA Mortgage?

USDA Rural Development Home Loans

USDA Home Loans require no down payment up to a $417,000 loan amount. This is the perfect first time home buyer program for those that do not have a large down payment saved. While many banks and lenders require as much as 20% down for similar conventional mortgage options, this home loan option requires Zero Down! The home must be purchased in a rural area and the household must earn low to moderate income to qualify. If you are interested in buying a home with no down payment apply for an USDA Home Loan today!

Want more information on a USDA Mortgage?

VA Home Loans

We are proud to support our military veterans by offering VA Home Loans with no down payment. This 100% financing option may allow a military veteran to purchase a home with Zero Down! While many banks and lenders add overlays that require perfect credit, we offer VA Home Loans down to a 580 credit score. A VA Home Loan may be the best loan type available to buy a home with no PMI or mortgage insurance and still get some of the lowest mortgage rates available. If you are a military veteran and believe you may be eligible for VA benefits then apply online for a VA Home Loan today!

Want more information on VA Home Loans?

Michigan Home Loans

Riverbank Finance is a Michigan mortgage company in Grand Rapids. Locally owned and operated, we specialize in mortgage loans, home loans, mortgage pre-approval, mortgage refinancing, new home purchase loans and new home loans in Grand Rapids. Our commitment to quality ensures that we will provide the best home loans with some of the lowest Grand Rapids mortgage rates .

Experienced Mortgage Professionals

The Michigan mortgage experts at Riverbank take the extra time to compare mortgage rates at banks and mortgage lenders to ensure that you are offered some of the lowest mortgage rates available. A licensed loan officer will give you one on one customer service for your new home loan. We can also help Michigan home owners with mortgage refinancing in Grand Rapids and West Michigan. Call us today for a free mortgage quote for your new mortgage.

How do I apply for a mortgage in Michigan?

Riverbank is a top choice for Michigan home loans if you are buying a new home or refinancing your mortgage. Mortgage companies in Michigan are all licensed through the NMLS (National Mortgage Licensing System) and the state of Michigan. Not only must mortgage companies maintain their licensing and take training courses and exams but also every mortgage loan officer of the company must be licensed.

To be a licensed Mortgage loan officer you must have taken hours of training courses and have passed extensive mortgages exams to prove your knowledge. A loan officer that you will find in a bank or credit union is not subject to the same licensing requirements and is able to do loans on their first day with no experience! Who would you rather have advise you on your largest real estate investment? Choose a local mortgage company for your next Michigan home loan!

Michigan Home Loans

Riverbank Finance is a locally owned Michigan mortgage company specializing in home loans. Let us know how we can help your family with your next home purchase or mortgage refinance!

Office Hours

Mon – Fri: 9:00 AM to 6:00 PM

Currently after business hours.

Our Company Reviews

Read our mortgage company reviews and see what our clients are saying about us on Google Reviews. If you are a past client, take a moment and let others know how we were able to help you and your family buy a home or refinance and save money!

Grand Rapids, MI

“Even though we had credit problems Josh was able to get us into a dream house. My family and I come home every day and are amazed that we are buying this house!”

“After a previous company left us in the lurch halfway through the process and with the potential for losing our dream home on the line. Thank you from the bottom of our hearts.”

Grand Rapids, MI

“Anthony Bird and his crew where AMAZING. They somehow managed to push our mortgage from beginning to close in just 14 DAYS. Thank you to Riverbank Financial for making our dream home ours!”

“Anthony Bird was really great to work with. He worked so hard for us to get my growing family and I into our new beautiful house. Thank you so much!!”

“Riverbank Finance LLC was an amazing company to work with when getting our loan for our first home. They worked extremely hard to make sure we got the best rate and the best loan available. We were very happy with our experience with Riverbank and will use them again for any future mortgage needs.”

Real Estate Company

“The people over at Riverbank Finance are incredible. They really take care of our clients the exact way we try and do here. If you love great services, best Interest rates you can find, and people that your can trust. Look no further! Thanks for all your hard work!”

“Anthony was so supportive in walking me through the steps of qualifying for a mortgage. It was my first time buying a house and I wanted to give up several times due to the complexity of the process. Thank goodness Anthony calmed me down and actually coached me through the process. I love my new condo!”

Grand Rapids, MI

“My son refinanced his house with Riverbank Finance LLC. FHA loan. Amazing people, amazing and fast service. Thank You..”

“. I was able to refinance with the new FHA Streamline Mortgage that doesn’t have any closing costs that would increase my principle balance. Minimal paperwork was required. Riverbank Finance employees were very professional and worked with me to achieve my mortgage finance goals.”



Buy disney stock Gift in 2 Minutes, #1 in Single Shares of

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Buy Disney Stock

Disney in Premium Frame – Replica w/ Electronic Registration

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Engraved Plaque Ideas

A PIECE OF THE MAGIC!

LOVE, YOUR FAIRY GODMOTHER

  • ALWAYS REMEMBER THAT IT

    ALL STARTED WITH A MOUSE

    LOVE MOM & DAD

  • TO OUR LITTLE TINKERBELL

    “ALL YOU NEED IS FAITH AND TRUST ..

    • Buy stock without a broker $199 Disney in Premium Frame – Replica w/ Electronic Registration
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    Buy Disney Stock

    True ownership of one share of Disney stock framed any way you want. It takes just two minutes and a credit card. The recipient becomes a real owner of The Walt Disney Company entitled to all shareholder perks.

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    The Walt Disney Company

    Stock Market: NYSE

    Stock Symbol: DIS

    DRIP Plan (info): Yes – 1 share

    Disney stopped issuing negotiable paper stock certificates on Oct 16, 2013 and now registers ownership electronically. Here’s what you get and how it works.

    Engraved Plaque Ideas

    A PIECE OF THE MAGIC!

    LOVE, YOUR FAIRY GODMOTHER

  • ALWAYS REMEMBER THAT IT

    ALL STARTED WITH A MOUSE

    LOVE MOM & DAD

  • TO OUR LITTLE TINKERBELL

    “ALL YOU NEED IS FAITH AND TRUST ..

    Buy stock without a broker

    Disney Stock Certificate

    The intricate certificate is a replica of Disney’s authentic stock certificate design from when they did issue paper. It was a highly sought after collectible for many years. It is one of the most ornate stock certificates around, showing the Magic Kingdom, many of the Disney characters and Walt Disney himself.

    About The Walt Disney Company

    The Walt Disney Company is a worldwide entertainment company most known for their Disneyland and Disney World theme parks. The company also owns ABC, ESPN, Disney Channel, Marvel, Pixar, and now Lucas Films.

    People Interested in Disney Stock Were Also Interested In

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    Copyright Give A share.com /Leading Edge Gifts LLC 2002-17. All Rights Reserved.

    Buy stock without a broker

    Give A share.com is owned by Leading Edge Gifts, LLC. All names and logos displayed on this page are owned by their respective organizations. Give A share is not affiliated with these companies. We provide an innovative gift by allowing customers to easily and affordably buy a real share of stock as a gift. Although this is real stock, we do not market our product as an investment nor do we in any way provide investment advice. Give A share is not a registered broker-dealer and carefully follows rules established by the SEC for us. We recommend that those looking for an investment contact a registered broker or financial advisor.

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  • Cloud Computing Options #insurance #software,insurance #agency #management #software,insurance #billing #software,insurance #agency #software,software

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    “Cloud” Computing and Thin Client Solutions

    As we find ourselves in an increasingly fast-paced and mobile world, our dependency on technology to provide real-time access to information increases as well. One of the most utilitarian advancements of technology towards this end has been the advent of thin client or ‘Cloud’ based computing systems.

    In a nutshell: A thin client solution allows a computing device (PC, IPad, IPhone, Android device – aka the ‘client’) to ‘dial in’ to the desktop of another computer (aka the ‘server’). The user can then pass keystrokes and mouse clicks to the desktop of that computer, and receive screen shots of what the resulting screen looks like on the other computer (server) to their local computing device (client). It is called ‘thin’ client because you wind up passing very little data over the internet, just screen shots, mouse clicks and keyboard clicks.

    The term ‘Cloud Computing’ appeared around 2006, and encapsulates the notion of thin client computing with the ability to securely store your data ‘somewhere else’. There are a variety of solutions available to your agency that provide thin client access to your local software, and provide automated methods to back up your local data to a secure, offsite location.

    Remote Desktop (aka Terminal Services) is probably the best solution thin client solution for multiple remote users to access your local data for long periods of time. It is also the most expensive requiring the services of a local hardware technician, a Server operating system (Windows Server 2003, 2008, etc. which can cost $800 or more), and Remote Desktop licenses – which run about $80-$100 apiece (although you typically get one license for free). The advantages of using Remote Desktop to dial into a Server based operating system are that it is more secure, less prone to data corruption, and does not require a separate computer for each person logging in.

    There are less expensive (even free) solutions for people that need to occasionally dial in to the home office, or dial in one at a time. These solutions all require that there is a separate computer at the home office, for each person dialing in. Some of these solutions can be found at: Logmein.com. GotoMyPC.com. Join.me. and TeamViewer.com. Each product has advantages and disadvantages regarding ease of use, reliability, supported client devices, and features; and there are several factors such as how printing and file transfers are handled between the ‘Free’ and ‘Pro’ versions of each software that must be taken into account. If you are considering one of these less expensive thin client solutions, it might be money well spent to hire a tech for an hour or so to help you sort out your options.

    Another aspect to Cloud Based computing is the ability to securely backup your data by copying your files over the internet to a secure facility offsite, thus limiting your liability if your local location burns down, or is involved in a natural disaster. Some companies that offer offsite backup solutions for a small fee are Mozy.com. and Dropbox.com. With a little help from a local tech – you can quickly set one of these programs up, and then have peace of mind that your data is stored securely ‘somewhere else’. Just make sure that your tech sets the program up to send the files over the internet at night, otherwise you will see your daytime internet speeds drop dramatically.

    Of course Agency Software, Inc. offers turnkey hosting solutions as well. If you’d rather not worry about configuring your Remote Desktop solution, or making sure your data is securily backed up, we recommend the services of EME Cloud For about $30 per user / per month, DJ and his staff will web-enable your Agency Software applications for use on nearly any device, from nearly anywhere in the world. If you have questions, please fee free to give us a call at (800)342-7327 to discuss your Cloud Computing needs.



    Reverse Mortgage Daily – News and Information on Reverse Mortgages #reverse #mortgage

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    Just about two months after receiving the official approval from Ginnie Mae, Longbridge Financial, LLC issued its first Home Equity Conversion Mortgage-backed securities (HMBS).

    The Mahwah, N.J.-based firm made its initial pool offering on July 28, the company announced in a press release issued Wednesday.

    “The successful securitizations are the latest step in the growth of Longbridge Financial as we continue to solidify our place as a leader within the reverse mortgage industry,” CEO Chris Mayer said in the statement. “The ability to securitize supports our servicing porfolio and strengthens our commitment to offer industry-leading loan servicing.

    Sign up to receive free updates like this by email or subscribe by RSS feed. Thanks for reading!

    The beleaguered Ocwen Financial Corporation (NYSE: OCN) turned in a net loss of $44 million in the second quarter of 2017, hamstrung by continued payments related to a host of regulatory issues.

    Those costs include $33.6 million in settlement payments and $5.6 million in legal defense expenses related to regulatory actions by the Consumer Financial Protection Bureau and state governments.

    The West Palm Beach, Fla.-based firm — which services and originates reverse mortgages under the Liberty Home Equity Solutions banner — announced that it would be on the hook for $34 million to $36 million to settle a class-action lawsuit related to its 2014 financial filings and a New York State consent decree.

    Walter Investment Management Corp. (NYSE: WAC) on Tuesday announced a proposed restructuring plan amid its financial woes, warning that it will enter Chapter 11 bankruptcy if the stakeholders can’t agree on the proposal.

    The troubled servicer, which continues to service reverse mortgages under its Reverse Mortgage Solutions brand, said it entered into a restructuring support agreement (RSA) with certain lenders on Monday, under which the company would buy back some of its loans for a total of $100 million along with other milestones.

    But if a 95% majority of certain stakeholders can’t agree to that plan by November 1, the company will move ahead with a prepackaged in-court bankruptcy plan, according to an 8-K form filed with the SEC late Tuesday afternoon.

    In just three years, the only national reverse mortgage lender in Canada boosted its online lead generation from 20% or fewer of all consumer inquiries to 90% — a shift that the bank attributes to a no-frills website and the increasing tech-savviness of Canadian seniors.

    But the push toward web-based outreach at HomEquity Bank wasn’t without issues, according to vice president of digital strategy Vivianne Gauci. Back in 2013, when the Toronto-based lender of CHIP reverse mortgages — the privately-offered reverse mortgage program in Canada — decided to commit to boosting its online inquiries, HomEquity first opted for a glitzy, “Web 2.0” approach, Gauci says.

    We may be entering the dog days of summer, but reverse mortgage lenders aren’t slowing down on hiring new employees as the calendar turns to August — just this week, firms in California, Virginia, and Texas added to an already impressive list of open jobs on our sister website, RMDJobs.com. Take a look:



    Njar circle of excellence #houses, #real #estate, #realtor, #agent, #remax, #re/max, #broker,

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    D L PowerTeam

    Dream with your eyes open. Search thousands of locations with our comprehensive search tool.

    The D L PowerTeam – Dan Corrigan and Lori Intoccia – are the preeminent real estate professionals in New Jersey s Skylands region with 35 years experience:

    • Highly qualified: Luxury Home Marketing Specialists, FIVE STAR Real Estate Agents TM. and recipients of the NJAR Silver Circle of Excellence awards in 2010 and 2011.
    • Up to date: we use innovative marketing techniques and the latest technology to attract potential buyers
    • Knowledgeable: we ll help you negotiate the best possible contract or make sure your home is priced effectively from day one
    • Our philosophy and the secret to your success? Putting our clients first!

    Thank you for visiting the D L PowerTeam website!

    Browse through this site to explore the Sussex, Morris, Warren communities and attractions. Our comprehensive online tool offers direct access to the latest properties for sale in the area. Additionally, here you can access extensive community information, consumer links, school information, free reports, or answers to commonly asked real estate questions.

    Remember, choosing the right real estate team DOES make a difference! Discover the PowerTeam difference! Contact us today!

    Find a house or see what homes are selling for in your neighborhood with our FREE real estate app!

    Visit our other websites and choose the one most relevant to your real estate needs:

    • We Sell Sussex County – like the name suggests, here you can browse through all Sussex County listings, as well as conduct a customized map search of the particular area you’re interested in
    • Skylands Properties – explore the well-kept secret of the New Jersey Skylands on this site
    • My Sparta – this Sparta Township community page will tell you everything you need to know about this beautiful town and its real estate
    • Real Estate Info Center – discover the difference of luxury homes on our website devoted to luxury home sale and marketing

    What our clients are saying:

    What a team!
    This was our First Home Purchase and we didn’t know where to start. Lori Dan took us by the hand and took care of all the paperwork and details. They made it easy and fun. You guys Rock!
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    Dan and his team were able to sell my home within 3 weeks when other homes in my neighborhood were still on the market for over 6 months. Thanks!
    – Dana W.

    Military Personnel The DL PowerTeam is ready to assist you in your search for a new home, whether you purchase or rent.

    2001-2017 Reliance Network and RE/MAX of New Jersey. All rights reserved. US Reg. Copyright TX-5-910-991, TX-5-910-992, TX-5-910-993, and TX-5-910-994.
    Each RE/MAX Office is Independently Owned and Operated. Equal Housing Opportunity.



    Picking Your First Broker #broker #accounts


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    Picking Your First Broker

    Let’s face it, you can’t start investing if you don’t have a brokerage account . As a young investor, selecting your ideal broker is often very different than it would be for older investors of the same experience level. Choosing a broker isn’t all that different from choosing a stock – it requires a lot of careful contemplation, and not all brokers are right for all investors.

    Before you make the decision of whether to go with a human broker or broker-reseller (see below), it’s also worth investigating whether your first broker should be a robo-advisor. This field is moving fast ; How the Fidelity Go Robo-Advisor Will Compare will get you started. For background, read Pros Cons of Using a Robo-Advisor .

    Things to Consider

    Before you can choose a broker, you have to know who or what constitutes one. There are two types of brokers out there: those who deal directly with their clients (regular brokers), and those who act as intermediaries between the client and a larger broker (broker-resellers ).

    Regular brokers typically are considered more reputable than broker-resellers. That’s not to say that all resellers are inherently bad, just that you need to check them out before you sign up with them. Regular brokers – for example, Scottrade, Capital One Investing and Fidelity – are members of recognized organizations such as the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation .

    Breaking it down further, there are distinctions between full-service brokers and discount brokers . As the name suggests, full-service brokers offer many more services to investors than discount brokers do, but these services don’t come cheap. With a full-service broker, much of the legwork is done by the broker, who provides the investor with more one-on-one advice as well as individualized suggestions and research.

    That’s not to say that discount brokers leave much to be desired in the customer service department. In fact, many discount brokers provide the option to solicit a broker for advice on a trade with your existing brokerage account. The caveat to remember is that when you do execute that trade, you’ll pay considerably more (usually in execution fees) after consulting an actual broker than you would with a regular online trade.

    For younger investors. discount brokers are probably the best bet. Some people recommend full-service brokers for new investors. but it’s probably not financially feasible for a young person to go with a more expensive full-service broker. Besides, today’s online discount brokers are widely used and typically provide a vast array of tools for inexperienced investors who aren’t sure about their next steps. Plus, assuming you begin slowly, you’ll learn a whole lot more about investing if you do some of the work yourself.

    Looking for the your first online broker? Check out our new Brokerage Review Center!

    Trade execution fees are important, but there are other brokerage fees to consider, as well. If you’re under 30, chances are you’re limited by your budget. When it comes to investing at this age, looking at the fees that might apply to you is essential to ensuring that you make the most of your investment dollar. Here are some additional costs to consider:

    Most brokers have minimum balances for starting a brokerage account. Typically, this number ranges between $500 and $1,000 with an online discount broker.

    Margin
    While new investors might not want to open a margin account right away, it’s something to think about for the future. Margin accounts usually have higher minimum balance requirements than standard brokerage accounts. It’s also important to take a look at the interest that your broker charges when you make a trade on margin.

    Withdrawal
    It’s your money, but sometimes it’s hard to get it out of your account. That’s because brokers sometimes charge fees to make a withdrawal, or they won’t let you take any money out if it will drop your balance below the minimum. Some accounts allow you to write checks from them, but those typically require a much higher minimum balance. Make sure that you understand the rules involved in removing money from an account with your prospective broker.

    Complicated Fee Structures

    While most brokers have similar fee schedules, some brokers have complex fee structures that make it harder to sort out hidden fees. This is particularly common among broker-resellers who may use fee structure as a selling point to entice clients. If you’re looking at a broker that has an unusual fee structure, it’s all the more important to make sure that the broker is legitimate, that it will look out for your best interests and that its fee structure will complement your investing style. If the rates seem too good to be true, be sure to read carefully over your account agreement and fee summaries, where additional fees are likely to be hidden.

    What Kind of Investor Are You?

    Your choice of broker should be influenced by the type of investor you are. No single broker is good for all investors, so determining your investment style before you start investing is usually a wise decision.

    The Trader
    Traders don’t hold onto stocks for a long time. They’re interested in quick and dirty gains based on short-term price volatility . and they make numerous trade executions over a short time span. If you envision yourself as a trader, you’ll want to look for a broker with very low execution fees, as high trading fees could quickly eat up your returns. Also, don’t forget that active trading takes experience, and the combination of a new inexperienced investor and frequent trading often results in negative returns .

    The Buy-and-Hold Investor
    A buy-and-hold investor . or passive investor, is someone who holds stocks for the long term. They’re interested in letting the value of their positions appreciate over longer periods of time and reaping the benefits at a later date. If you fancy yourself a buy-and-hold investor, your main concern will be avoiding brokers with monthly fees. For a long-term investor, a slightly higher trade commission should be less of a concern.

    While a buy-and-hold investor would do best with broker A, a trader could minimize his or her broker fees by going with broker B.

    Additional Factors

    Many investors will find that their investment style falls somewhere between an active trader and a buy-and-hold investor, in which case other factors will become important in picking the most appropriate broker. For instance, if you’re a very young investor (a minor) you won’t be able to open your own brokerage account. However, some brokers make it easy to set up custodial accounts and provide fee structures that are more appropriate for teenagers, making it possible for people to start investing at a younger age.

    The Bottom Line

    Eventually, there comes a time when you’ve got to make that decision and choose a broker. It’s absolutely necessary to balance your needs as an investor and as a client – good customer service is essential, too. While your first broker won’t necessarily be your broker for life, you have a much better chance of making money as an investor if you put the right amount of time and research into choosing a broker.



    Business Broker – Small Business Encyclopedia #business #profile


    #business broker

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    Business Broker

    Definition:A professional who assists in the buying and selling of businesses .

    The principal value of a business broker is to act as a buffer between the buyer and the seller. A broker can say certain things to a buyer and certain things to a seller and wind up with a productive discussion. The broker can tell the owner the price is too high, relay what has to be done to make a deal–very openly and candidly–and discuss how the differences in viewpoint can be ironed out effectively.

    If you’re in the market to buy an existing business, a broker can help you find businesses for sale that fit your parameters, including location, industry and size. The broker will typically charge you a commission of 5 to 10 percent of the purchase price, but the assistance brokers can offer, especially for first-time buyers, is often worth the cost. However, if you’re trying to save money, you might want to consider hiring a broker only when you’re near the final negotiating phase. Brokers can offer assistance in several ways:

    • Prescreening businesses for you. Good brokers turn down many of the businesses they’re asked to sell, either because the seller won’t provide full financial disclosure or because the business is overpriced. Going through a broker helps you avoid these bad risks.
    • Helping you pinpoint your interests. A good broker starts by finding out about your skills and interests, then helps you select the right business for you. With the help of a broker, you may discover that an industry you had never considered is the ideal one for you.
    • Negotiating. During the negotiating process is when brokers really earn their keep. They help both parties stay focused on the ultimate goal and smooth over problems.
    • Assisting with paperwork. Brokers know the latest laws and regulations affecting everything from licenses and permits to financing and escrow. They also know the most efficient ways to cut through red tape, which can slash months off the purchase process. Working with a broker reduces the risk that you’ll neglect some crucial form, fee or step in the process.

    When it comes to selling your business, finding the right buyer can be time-consuming and daunting if you try to do it yourself. A seasoned business broker can read the market, knows who’s buying what and who’s got resources, and can weed out the so-called “tire kickers” from serious buyers with sufficient financial resources who are well-suited to run a business like yours. They will also ensure that news of the sale remains confidential, that loyal customers, staff, vendors and suppliers find out only when you’re ready to let them know.

    Then there are administrative issues. An experienced business broker knows what paperwork to file, and when. They also coordinate efforts between lawyers, CPAs, bankers, insurance agents and others.

    While it costs money to contract with a broker to sell your business, think of the commission you’d pay him or her as a kind of insurance. Your broker will protect your investment in the business by placing the proper value on your business, finding the right buyer, getting you the best price possible, protecting the confidentiality of the sale, handling all negotiations, ensuring that all transactions are legal, and seeing that the transition to new ownership is as wrinkle-free as possible.

    Brokers’ fees generally range anywhere from 5 to 10 percent of the selling price of the business, depending on negotiations with the broker, state laws and other factors. This is usually money well spend, because the broker can usually get more money for the business, make negotiations run smoothly, handle a lot of clerical and other details, and make a sale possible, whereas an individual business seller might not be able to accomplish all these things.

    One of the key functions of a business broker is to act as a cushion between the buyer and the

    seller and negotiate the details of the deal at a time when emotions can, and do, run high. A small business is often one of the biggest assets a business owner has, one which he or she has spent considerable time and money building. An experienced broker knows how to price a business and can toot the business’s horn in a way you might not be able to. The buyer can ask the broker pointed questions that might be difficult to ask you directly and get the answers he or she needs. The broker can also help answer any questions or resolve any problems that develop during the course of the sale.

    When it comes to choosing a business broker, make sure there’s good chemistry between you and your broker and that the two of you communicate well. You’re paying your broker to look out for your interests, negotiate successfully on your behalf, and complete the transaction in a timely and professional manner.

    To find a business broker to help you sell your business, take these steps:

    • Check newspaper ads under “Business Opportunities.” Look in your local and regional papers, as well as in The Wall Street Journal. You’ll frequently see businesses for sale under this heading, and just as prospective buyers are invited to inquire about these businesses, prospective sellers should also check out who’s facilitating these sales.
    • Look in the Yellow Pages under “Real Estate” or “Business Brokers.” Be sure to find a broker who specializes in selling businesses, not simply real estate. Don’t let the broker list your business on a realtor’s multiple listing service. Any broker who wants to do this isn’t willing to devote the time and work necessary to sell your business.
    • Ask for referrals. Ask other business owners who’ve sold businesses who they worked with. Your local chamber of commerce can also provide referrals to business brokers, as can your banker, CPA, attorney, and financial planner.

    Once you find a broker to work with, sign a contract that specifies what kind of advertising your broker will do and that the name of the business will not appear in any ads or other promotion.



    Business Broker – Small Business Encyclopedia #business #strategy


    #business broker

    #

    Business Broker

    Definition:A professional who assists in the buying and selling of businesses .

    The principal value of a business broker is to act as a buffer between the buyer and the seller. A broker can say certain things to a buyer and certain things to a seller and wind up with a productive discussion. The broker can tell the owner the price is too high, relay what has to be done to make a deal–very openly and candidly–and discuss how the differences in viewpoint can be ironed out effectively.

    If you’re in the market to buy an existing business, a broker can help you find businesses for sale that fit your parameters, including location, industry and size. The broker will typically charge you a commission of 5 to 10 percent of the purchase price, but the assistance brokers can offer, especially for first-time buyers, is often worth the cost. However, if you’re trying to save money, you might want to consider hiring a broker only when you’re near the final negotiating phase. Brokers can offer assistance in several ways:

    • Prescreening businesses for you. Good brokers turn down many of the businesses they’re asked to sell, either because the seller won’t provide full financial disclosure or because the business is overpriced. Going through a broker helps you avoid these bad risks.
    • Helping you pinpoint your interests. A good broker starts by finding out about your skills and interests, then helps you select the right business for you. With the help of a broker, you may discover that an industry you had never considered is the ideal one for you.
    • Negotiating. During the negotiating process is when brokers really earn their keep. They help both parties stay focused on the ultimate goal and smooth over problems.
    • Assisting with paperwork. Brokers know the latest laws and regulations affecting everything from licenses and permits to financing and escrow. They also know the most efficient ways to cut through red tape, which can slash months off the purchase process. Working with a broker reduces the risk that you’ll neglect some crucial form, fee or step in the process.

    When it comes to selling your business, finding the right buyer can be time-consuming and daunting if you try to do it yourself. A seasoned business broker can read the market, knows who’s buying what and who’s got resources, and can weed out the so-called “tire kickers” from serious buyers with sufficient financial resources who are well-suited to run a business like yours. They will also ensure that news of the sale remains confidential, that loyal customers, staff, vendors and suppliers find out only when you’re ready to let them know.

    Then there are administrative issues. An experienced business broker knows what paperwork to file, and when. They also coordinate efforts between lawyers, CPAs, bankers, insurance agents and others.

    While it costs money to contract with a broker to sell your business, think of the commission you’d pay him or her as a kind of insurance. Your broker will protect your investment in the business by placing the proper value on your business, finding the right buyer, getting you the best price possible, protecting the confidentiality of the sale, handling all negotiations, ensuring that all transactions are legal, and seeing that the transition to new ownership is as wrinkle-free as possible.

    Brokers’ fees generally range anywhere from 5 to 10 percent of the selling price of the business, depending on negotiations with the broker, state laws and other factors. This is usually money well spend, because the broker can usually get more money for the business, make negotiations run smoothly, handle a lot of clerical and other details, and make a sale possible, whereas an individual business seller might not be able to accomplish all these things.

    One of the key functions of a business broker is to act as a cushion between the buyer and the

    seller and negotiate the details of the deal at a time when emotions can, and do, run high. A small business is often one of the biggest assets a business owner has, one which he or she has spent considerable time and money building. An experienced broker knows how to price a business and can toot the business’s horn in a way you might not be able to. The buyer can ask the broker pointed questions that might be difficult to ask you directly and get the answers he or she needs. The broker can also help answer any questions or resolve any problems that develop during the course of the sale.

    When it comes to choosing a business broker, make sure there’s good chemistry between you and your broker and that the two of you communicate well. You’re paying your broker to look out for your interests, negotiate successfully on your behalf, and complete the transaction in a timely and professional manner.

    To find a business broker to help you sell your business, take these steps:

    • Check newspaper ads under “Business Opportunities.” Look in your local and regional papers, as well as in The Wall Street Journal. You’ll frequently see businesses for sale under this heading, and just as prospective buyers are invited to inquire about these businesses, prospective sellers should also check out who’s facilitating these sales.
    • Look in the Yellow Pages under “Real Estate” or “Business Brokers.” Be sure to find a broker who specializes in selling businesses, not simply real estate. Don’t let the broker list your business on a realtor’s multiple listing service. Any broker who wants to do this isn’t willing to devote the time and work necessary to sell your business.
    • Ask for referrals. Ask other business owners who’ve sold businesses who they worked with. Your local chamber of commerce can also provide referrals to business brokers, as can your banker, CPA, attorney, and financial planner.

    Once you find a broker to work with, sign a contract that specifies what kind of advertising your broker will do and that the name of the business will not appear in any ads or other promotion.