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What does a Business Broker do?

Business brokers, also call intermediaries, are responsible for helping buyers and sellers successfully and legally navigate the buying and selling of a business. They help a prospective buyer identify the type of business they are looking for, find businesses available, analyze the business available for sale, and they help them obtain the necessary qualifications for buying a business. A business broker working for a seller is responsible for helping ready the business for sale, determining the monetary value of the company, developing a marketing plan and preparing the necessary documentation of the marketing plan. In addition to this, a business broker assembles a team of qualified agents to assist them in the buying or selling process, negotiates details, manages paperwork and facilitates closing activities. In short, a business broker is to the selling of a business what a real estate broker is to the selling of a property.

business broker

Is a Career In Business Brokerage Right For Me?

Successful business brokers have the social skills to identify with and relate to the buyer or seller of a business. They are highly organized and have experience in navigating the intricacies of buying or selling a business. They are self-motivated and possess excellent time management skills. An experienced business broker understands that they will face rejection on a day-to-day basis, but that with perseverence, their hard work will pay off.

How Can I Become A Business Broker?

The qualifications for becoming a business broker vary widely by state. Many states require a state-issued license to work as a business broker. There are a variety of rules in regards to recognizing licenses across state lines.

Obtaining a license to become a business broker generally involves receiving classroom instruction, acquiring a certain amount certified experience and demonstrating a commitment to continuing education and pursuing re-certification when necessary. Background checks are generally performed, and fingerprinting checks are standard practice.


Business brokerage is an exciting career that, though challenging, is fairly simple to enter in to. With the right skills and training, you can enter into this interesting career with ease.

What does a Chartered Financial Analyst (CFA) do?

A chartered financial analyst (CFA) helps businesses and individuals make educated decisions on how to best invest their money. They are financial analysts that have successfully completed the CFA Program from the CFA Institute, a rigorous program that requires hundreds of hours of study and the mastering of several different areas, including accounting, economics, asset valuation, portfolio management, securities analysis, corporate finance and financial markets. After earning certification through the CFA Institute, a chartered financial analyst has obtained licensing through the Financial Industry Regulatory Authority.

chartered financial analyst

Most financial analysts receive their certification through the course of their career. Employers do not typically expect you to have this distinction as a new hire.

Different Kinds of Chartered Financial Analysts

There are several different kinds of financial analysts, including investments analysts, securities analysts and ratings analysts. Chartered financial analysts are divided into two groups: those who conduct business on the “buy” side and those who work on the “sell” side.

  • “Buy” Side
    Chartered financial analysts that work on the buy side are responsible for helping institutional investors. The analyst helps the business determine their needs and assists them in developing investment strategies.
  • “Sell” Side
    Chartered financial analysts that work on the sell side helps companies price and sell their products.

What Education or Training Do I Need To Become A Chartered Financial Analyst?

If you are pursuing an entry level financial analyst career, a bachelor’s degree in a field such as accounting, economics, finance, business administration or statistics is required. In order to become a chartered financial analyst, you must complete the CFA Program from the CFA Institute. This entails a 3 part, 18 hour exam. In addition to this, many employers prefer to hire an individual that has completed a master’s degree in a business-related field.

What does a Compliance Officer do?

For better or worse, we live in an age of litigation. There is very little that happens in the world today, that doesn’t fall under the regulatory control of some organization at some level. From the obvious, such as the highly regulated fields of banking and investments, to simple farming, there is a constant flow of ever changing rules and regulations that must be kept up with and adhered to. That is the realm of the compliance officer.

compliance officer

Basically a compliance officer keeps track of all the rules, regulations and contractual obligations that impact the business that they work for. Beyond that, compliance officers work closely with management teams, not only making sure that their organization doesn’t violate the rules, but that it is also taking advantage of any regulatory changes that might be a benefit.

A compliance officer will also assist in developing processes and procedures that will help protect the organization should issues arise. As an example, if a compliance officer worked for a construction company, part of their time would of course be spent in an advisory role, but they may also be called upon to do spot inspections of work sites as part of an internal audit team or develop checklists to be filled out by employees before beginning work. All designed to show that the company practices due diligence.

There is no one set path to becoming a compliance officer, as the requirements will vary very widely from one industry to another. The background required for working as a compliance officer for a bank would be greatly different than those needed by the compliance officer of a fertilizer company. However, it can be generally said that you will need a minimum of a bachelor’s degree or professional certification in a field closely related to the industry you are interested in working in.

That is to say if you want to work as a bank compliance officer you would need a degree in finance or accounting. If you are interested in working in construction you would need the applicable OHSA certifications.

With the steady growth of government involvement in business, compliance is a field that shows great growth potential and it is one of the more lucrative fields that can be entered without an advanced degree.