One of the unique services we provide, as Business Brokers, is an intermediary negotiating “service”.
I choose the term “service” because what we do is usually not done for our own interest, but for our clients and customers.
Most people are familiar with some of the aspects of negotiation. We have all been subjected to the exhortations to always try to establish win-win situations. If you think of those instructions you have seen or heard in the past they are usually written from the point of view of a principle beneficiary of the negotiation.
A Business Brokers role is to analyze the situation from a third party viewpoint, and suggest to both parties ways to attain the “win-win” outcome everybody wants, (Keeping our own clients interests clearly in mind!). That is why we are called “Business Intermediaries”.
We make sure all parties to a negotiation understand the issues. We have to be sensitive to the communication process and understand the facts, laws and regulations, and desires and objectives of each party to a negotiation.
We have to explain to each party what is possible, and help each party establish reasonable objectives.
And in some cases we have to understand when there is no further possibility of coming to any successful conclusion of the issues being negotiated, and gracefully tell the parties that they are too far apart to make a deal, and help terminate the expenditure of time and effort on something that is not going to work.
When things go the way we always try to have them go we end up with satisfied parties on both sides.
There is a great deal of satisfaction in being able to walk out of a closing with both the buyers and sellers satisfied with the outcome.