A day in the life with Business Broker Michelle Wright

If you've ever sold a business, it's likely a business broker would have helped you do it. Business broking is one of the most rewarding real estate careers that you can pursue, and it requires a unique skillset, according to Michelle Wright. "It's not just about selling techniques, it's also critical to be able to interpret financial information as well as understand a range of legal aspects to do with business sales. A successful broker needs sales, accounting and legal knowledge," says Wright. Wright has worked as a business broker for over five years, selling businesses all over Queensland. She is also on the REIQ Business Brokers Chapter Committee, bringing a wealth of experience that spans many different industries, from manufacturing to retail outlets. We spent a day with Wright to see what her typical day in the life of a business broker looks like, and we brought you along for the ride.

Early Morning:

I recently moved to the Gold Coast about six months ago, so every morning I try and get out and about and do an 8km walk along the waterfront. I wish it was a run but I'm just way too lazy for that!

Mid-Morning:

I'm just catching up on some admin now, the big difference between residential and business broking is that we seem to have a lot of paperwork to deal with. Currently, I'm reviewing some confidentiality agreements I've received. After that, I'm off to a few appointments.

Early Afternoon:

This afternoon I'm doing an inspection on a wholesale production nursery. One of the really cool things about business broking is that we get to learn a lot about so many types of different businesses. Today, I get to see what $1.8 million worth of wholesale plants looks like!

Late Afternoon:

My work day has now come to an end! I had great fun today, I learnt lots at the wholesale production nursery, so now I'm treating myself to this view, and that's wine... and I'd say life's pretty good as a business broker!

Highlight of the Day:

I always love facilitating meetings between buyers and sellers. It is so interesting to learn about the seller's journey in business and to hear about their successes and hard work. I also really like understanding the motivations of the buyer, what they want to achieve and what plans they may have for the business if they proceed.   Interested in becoming a business broker? Learn more about our real estate training. Or, book in for a career coaching session with one of our qualified trainers to find out more about your real estate career opportunities.