What is the primary role of a Business Broker?

The primary role of a Business Broker is to help arrange transactions between buyers and sellers of businesses. This involves facilitating the sale process, which includes valuing the business, marketing it to potential buyers, negotiating offers, and assisting with the transition of ownership. Business brokers act as intermediaries, leveraging their expertise and network to enhance the likelihood of a successful transaction for both parties.

In this context, while assessing the financial health of a company is indeed an important aspect that may inform the sales process, it is not the primary objective of a business broker. This role focuses more on connecting buyers and sellers rather than conducting detailed financial assessments. Similarly, providing legal advice is outside the typical scope of a business broker's responsibilities, as they are not legal professionals and buyers and sellers are often encouraged to seek legal counsel independently. Managing business operations for entrepreneurs also falls outside the purview of a business broker, as their function is more transactional rather than operational.