The world is changing, and so is the job market. The old rules no longer apply because now there are new jobs being created every day, as well as people looking for those jobs. In order to be successful in today's economy, you need a good education, hard work and determination.

Sometimes though, it's not enough to have these things if you don't know what career path is best for your interests and skills. That's why we've put together this guide on business brokers!

What is a Business Broker?

A business broker is someone who finds new buyers and sellers for businesses. They make sure the processes are followed, such as paperwork, the contract and negotiate all of it so both sides are satisfied. A business broker can specialise in certain types of businesses, or work with any type at all!

The License Needed to Become a Business Broker in New South Wales

To become a business broker in New South Wales, Australia you will need a Class 2 Agent in Real Estate - Business Agent License.

This licence is limited to the work currently carried out by a business agent. You can carry out business agent tasks such as:

• Selling, buying or dealing with a business regarding the validity of a contract that involves the sale and purchase of assets from one firm to another.
• Negotiating a business sale, purchase or exchange.

However, under the Business Broking - Agent's License, you cannot authorise any withdrawals of money from a trust account.

How Do I Find The Right Opportunity For Me as a Business Broker?

As a broker, the challenge is to present the right opportunity for you. One of the best ways to do this is by narrowing your search in order to find a specific type or industry.

You can do this by searching in a specific state or city, or a certain size company in a particular industry.

Another way is by checking public sales in realty websites and going after the business with the most potential.

The next question to ask yourself is whether you want to work for somebody else or be self-employed. If you're not sure what your answer is, try out the competition first. Be warned that there are risks involved in business brokerage, so do your research before making any commitments!

Where Can I Learn More About Becoming a Business Broker?

If you are interested in pursuing the career of a business broker, you should know that there are many resources available to help you learn this skill. One obvious resource is the Department of Fair Trading, which has articles on how to become a broker and what to consider before making any commitment.

The other is our Network Infinity Resources page which provides information about becoming a broker, what it takes to do so and what services can be provided.

If you're considering a career change, becoming a business broker might be the perfect opportunity for you.

You'll get to help other entrepreneurs by finding buyers and sellers for their businesses while making an income yourself!

The Department of Fair Trading has helpful information on what it takes to become licensed in Australia as well as articles on how to find success in this field.

If your interest is piqued but you are not sure if the risk is worth it, give us a call today on (02) 8197 9954 so we can answer any questions or concerns you have!

Let our team take care of all the details!