Complete breakdown of our 3-day
live training. The online school contains
subjects contained in Days 1-2 in individual
classrooms.
Training subjects can be
re-arranged by you though this is the
recommended format. The training times vary
depending on your participation and the first 2
days contain an estimated 5 hours of training
time with an hour lunch break. The third day
contains 4 hours of role play with an hour lunch
break.
Office Set-Up - 15 minutes
-
Business Brokerage Name
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Business Brokerage
Business And Expenses
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Work From Home or Office
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Where To Meet Buyers and Sellers
-
Things You will Need To Start
Business Broker Troubleshooting - 30 minutes
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Why buyers need guidance
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Why buyers receive bad advice
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Who represents buyers
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Why sellers think everyone wants their business
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Why sellers need to be tempered after tours
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Why sellers resent low offers
Understanding Buyers - 45 minutes
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Learn as much as you can about buyers
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Why buyers are looking to buy their true reasons
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3 Main buyer categories to understand a buyer's
makeup
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6 main buyer sub-categories to determine method of
presenting a listing
-
Examples & More
Finding Buyers - 30 minutes
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How to find your buyers and get them contacting you
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Who are the prime candidates to purchase your
businesses for sale
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Your buyer pool and keeping them updated
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The 10 Internet - Networking-Referral Sources
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Social networking
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Examples & More
The Buyer Process - 45 minutes
This is our proprietary process where we will walk you
through the entire buyer process from interview to offer. We will take a
hypothetical buyer and walk the buyer through a specific business for
sale listing until we've sold the business to this buyer. This process
is designed for first time buyers and uses a very specific technique by
moving the buyer through the 6 steps to offer. We make it seem like the
real thing!
The Buyer Interview - 45 minutes
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Meeting The Buyer
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Three Steps to Qualifying The Buyer
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The Non-Disclosure
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The Broker Disclosure Notice
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The Memo Record of Showing
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Rights And Wrongs In Dealing With Buyer
Asset Purchase Agreement - 45 minutes
We completely review the Offer Agreement commonly
referred to as The Asset Purchase Agreement. This agreement serves as
the official offer and sales contract. The entire agreement is covered
in full with a complete review of every contingency in the agreement.
Overcoming Buyer Objections - 45 minutes
We will review and overcome the 20+ main objections or
concerns that you will get from buyers. Each objection will be covered
in depth then overcome by the instructor.
DAY 2 - The Business Seller & Pricing Business
- ESTIMATED TIME FRAME 10:00 - 4:00
Understanding Sellers - 30 minutes
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Who are the sellers?
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Understanding why they are looking to sell
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Feeling comfortable with them
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The 6 main reasons sellers sell
Understanding Seller's Industry and Business - 45
minutes
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Researching Industries
-
Understanding The 6 main industries
-
The 25+ questions a buyer will have for you and your
seller
-
Your ultimate questionnaire for the seller
Finding Sellers - 30 minutes
-
What business database to use
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6 Main Ways To Prospect we ll eliminate most of them
-
The best direct marketing approach without cold
calling
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Getting your marketing through to the seller every
time
-
Recycling industry after a business is sold
The Seller Interview - 30 minutes
-
Meeting The Business Owner
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Gathering confidential information
-
Business Market Valuation
-
Touring The Business
The Seller Presentation - 15 minutes
The Seller Process - 45 minutes
This is our proprietary process where we will walk you
through the entire seller process from interview to closing. We will
walk through every step. This process is designed to understand the
seller responsibilities and the 8 steps to closing. We make it seem like
the real thing!
Overcoming Seller Objections - 30 minutes
We will review and overcome the 15+ main objections or
concerns that you will get from sellers. Each objection will be covered
in depth then overcome by the instructor.
Pricing A Business - Business Market Valuation - 45
minutes
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Pricing A Business so it is financeable to lenders.
-
What Expenses Are Discretionary And Which Are Vital
To The Business.
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Recasting The Financials
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Determining Seller's Cash Flow- SDC or SDCF
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What You Will Need To Get From Owner
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Determining An Asking Price
-
Presenting Price to Seller
The Listing Agreement - 30 minutes
We completely review the Listing Agreement. This is the
agreement where the seller hires you to sell his or her business. The
entire agreement is covered in full with a complete review of every term
in the agreement.
DAY 3 - The Interactive Role Play
- ESTIMATED TIME FRAME 10:00 - 3:00
- Buyer Interview 1 - qualification and
confidentiality
- Buyer Interview 2 - presenting a listing
- Buyer Interview 3 - taking an offer
- Seller Interview 1 - information gathering
- Seller Interview 2 - the presentation
- Seller Interview 3 - pricing the
business
- Seller Interview 4 - taking the
listing