Connect with us

Business Services

Business Broker

Match up business buyers and sellers with a business brokerage.

Entrepreneur

Published

on

Business At A Glance

Business Broker
Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Franchises Available? Yes
Online Operation? Yes

Business Overview

In Canada all business brokers are required to have a real estate license to list and sell businesses. In the United States, however, at the time of this writing only 17 states require people to obtain a real estate license to legally start and operate a business brokerage. These states include AK, AZ, CA, FL, GA, ID, IL, MI, MN, ME, NV, OR, SD, UT, WA, WI and WY. This is exciting news because it is estimated that there are as many as 1 million businesses for sale at any one time in the United States.

Needless to say, the potential to earn enormous profits from listing, marketing and selling businesses is very great. Even if you do invest the time and money to obtain a real estate license, the potential rewards easily justify the effort. So what do business brokers do? They source people wanting to sell their businesses, prepare a business valuation for fair market pricing, list the business for sale, market the business, qualify potential buyers, show the business, answer questions, work on behalf of their clients to negotiate an appropriate selling price and help in all closing matters.

In other words, a business broker looks after everything that is required to sell a business, taking all the stress and work off the seller’s shoulders. You might also want to consider specializing in selling a specific type of business such as restaurants, hotels, retail establishments or manufacturing companies. Specialization is the fastest way to become known as an industry expert and will increase repeat and referral business.

Entrepreneur Magazine is South Africa's top read business publication with the highest readership per month according to AMPS. The title has won seven major publishing excellence awards since it's launch in 2006. Entrepreneur Magazine is the "how-to" handbook for growing companies. Find us on Google+ here.

Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business Services

Errand Service Business Opportunity

Help busy people get through the day by providing an errand service.

Entrepreneur

Published

on

errands-business

running-errands-for-people

Business At A Glance

  • Business: Errand Service
  • Start-up Costs: Minimum
  • Home Based: Can be operated from home.
  • Part Time: Can be operated part-time.
  • Online Operation? Yes

Business Overview

Let’s face it; today’s busy lifestyles mean that a lot working people just don’t have time for even the simplest of errands, such as taking the family pet to the veterinarian for a routine checkup, buying AuntSue a birthday present, or picking up the kids after school.

Which is great news if you’re a multi-tasker looking to start your own simple,inexpensive, yet potentially very profitable business. An errand service can be operated with nothing more than a cell phone and reliable transportation.

Land clients by networking and by creating a simple marketing brochure explaining the services you provide along with your contact information.
Related: Start A Small Business, Become Self–Employed

The brochures can be pinned to community bulletin boards, hand-delivered to homes and businesses and distributed with the local newspaper.

A few promotional items such as pens and memo pads emblazoned with your company logo, name and telephone number given out to potential customers will go a long way as a daily reminder of your fast, reliable and affordable errand services.

This is the kind of business where growth is fuelled by referrals, so customer service and satisfaction are the most important goals.

The Market

Busy individuals who need a little help getting their day to day errands done. You can also market your services to small business owners.

Continue Reading

Business Services

Freight Broker

Match shippers and transportation services as a freight broker.

Entrepreneur

Published

on

Business At A Glance

Freight Broker

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Online Operation? No

Business Overview

Trucking plays a major role in the nation’s economy–according to theAmerican Trucking Association, those big wheels generated $346 billionin gross revenues in the most recently calculated year, employed morethan 9.5 million people and hauled 6.5 billion tons of freight.

And 77percent of all American communities rely on trucks as their sole sourceof freight delivery. If you’ve got experience in the industry, youprobably also know that it’s the freight broker who keeps those trucksrolling by arranging for delivery of consignments large and small.

Ifyou love the song of the open road but you don’t want to be on theroad, then a freight brokerage may be just the business for you. As afreight broker, you’ll work with manufacturers, wholesalers anddistributors who need to get their products across town or across thecountry with the help of trucking companies.

You can specialize in LTL(less than a truckload) cargoes or in containerized ones. Theadvantages to this business are that you can work from home and it’s anindustry that’s unlikely to disappear–transportation will always be anecessity.

A background in the transportation industry is importantbecause you’ll need not only hands-on experience, but also contacts inthe field. If you lack this experience, work for another freightbrokerage until you learn the tricks of the trade.

You’ll also needexcellent organizational and time-management skills and the ability toget things moving quickly.

The Market

Your customers can be manufacturers, wholesalers and distributors ofany types of goods and materials. You can also target companies thatexhibit at trade shows or conventions and need booths and displaymaterials moved to various sites.

Place ads in trade magazines and onimport/export Internet sites. Send sales letters and brochures tomailing lists of prospective companies. Ask for referrals fromsatisfied customers and industry contacts.

Needed Equipment

You’ll need to be licensed by the Office of Motor Carriers (a divisionof the Federal Highway Administration, Department of Transportation),and you’ll be required to carry a $10,000 surety bond or trust.

Thenyou’ll want a computer with the usual office software, a laser orinkjet printer, and a fax machine.

Continue Reading

Business Services

Store Display Cases

Help clients make their products the center of attention with a store display case biz.

Entrepreneur

Published

on

Business At A Glance

Store Display Cases
Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Starting a manufacturing business that specializes in custom-designed and constructed store display cases and fixtures is a fantastic business that can be set up and conducted right from a homebased workshop. There are many predesigned and prebuilt display cases available to retailers. However, often merchants require display cases and store fixtures that have to be specially constructed to highlight or merchandise their inventory. There are a few marketing techniques that can be used to promote the business including joining retail business associations, networking with the association members to gather potential leads, and establishing alliances with companies that specialize in commercial store openings and renovations. Both can become an excellent source for new business and business contacts.

Continue Reading
Advertisement

SPOTLIGHT

Advertisement

Recent Posts

Follow Us

Entrepreneur-Newsletters
*
We respect your privacy. 
* indicates required.
Advertisement

Trending