In this solo episode, Tim breaks down the real pros and cons of working with business brokers from both the buyer and seller side. He explains why brokers are often unavoidable in small business acquisitions, where their incentives can create friction, how they can still add real value in valuation, privacy, deal flow, and negotiation.
Tim Delaney is an entrepreneur who believes everyone should explore the opportunities that business and real estate can provide on the path to financial freedom. He owns and operates a wine & liquor store, a software startup, a consulting company, and a growing portfolio of commercial and residential real estate.
Tim's passion for independent business has led him to support dozens of other business owners. For over a decade, he has worked with businesses on strategy, processes, finances, and marketing. These experiences, along with analyzing dozens of other businesses for potential acquisition, have provided Tim with an immense knowledge base to pull from.
Tim has appeared on multiple top-tier podcasts in the financial space, such as Bigger Pockets Money and The Freedom Chasers Podcast.
[00:00 – 01:51] Are Business Brokers Good or Bad?
Tim sets up a balanced look at brokers from both sides of the deal.
[01:51 – 04:01] Buyer Risks: Incentives, Commissions, and Inflated Valuations
How broker incentives can push prices and pressure buyers.
[04:01 – 05:34] Why Brokers Can Be Pushy at Closing
Why commission-at-close can create pressure to get deals done fast.
[05:34 – 06:50] Why Business Listings Don't Work Like Real Estate
Why brokers keep business listings private and relationship-based.
[06:50 – 08:39] Why Sellers Use Brokers
How brokers help sellers with privacy, valuation, and positioning.
[08:39 – 14:49] The Value of a Middleman in Emotional Deals
The buyer-side benefits of broker access, context, and connections.
[14:49 – 16:34] What Brokers Cost and When a Buyer's Broker Makes Sense
When paying a buyer's broker may actually be worth it.
[16:34 – 18:53] Tim's 3 Rules for Working With Brokers
Tim shares three practical rules for dealing with brokers.
[18:53 – 20:40] How to Spot the Good Brokers from the Bad Ones
How to tell who is helpful and who is chasing commission.
[20:40 – 21:00] Bottom Line on Working with Brokers
Tim closes with the bigger picture on using brokers wisely.
If you found value in today's show, make sure to subscribe so you never miss an episode packed with insights to help you buy and grow a business that creates real financial freedom.
Connect with Tim and the community:
Website: https://www.powerofbiz.com
YouTube: https://www.youtube.com/@powerofbiz
Instagram: @timtdelaney
Threads: https://www.threads.com/@timtdelaney
LinkedIn: linkedin.com/in/timothytdelaney
Facebook: facebook.com/timtdelaney
Tweetable Quotes:
"Business brokers are almost a necessity if you're out there looking for a business to buy right now, especially if it's your first business."- Tim Delaney
"With businesses, the brokers hold those listings close to the vest." - Tim Delaney
"The more brokers you talk to, the more you'll realize which ones are good and which ones are bad, which ones are just trying to get their commission and which ones are actually trying to put together good deals that make sense for the long run." - Tim Delaney