IN THIS ISSUE: Remembering Tom West, “What a Flight It’s Been” Letter from the 2022 IBBA Chair. Plus, Marketing Opportunities for Business Intermediaries, Best Practices in Specialization, Establishing Realistic Asking Prices, Working with Brokers, Legislative Updates, and more!
1,000 and Counting
IBBA membership grows as economy takes off
August 31, 2017 – INDEPENDENCE, OH – The International Business Brokers Association (IBBA) has achieved a significant milestone with membership reaching more than 1,000 business brokers worldwide.
“We’re excited to reach this milestone,” said Lou Vescio, 2017 Chair of the IBBA Board. “Our growth is a bell weather for how well the economy is doing following the great recession.” During that time, Baby Boomers put off selling their businesses and retiring due to the poor economy and stock market. “The economy has really turned around and now business owners are seeking professionals to help them sell their business,” Vescio added.
“We’ve also been intentional about listening to members’ feedback, increasing the benefits of IBBA membership, and working collaboratively with both regional business brokerage associations and industry franchises,” said Kylene Golubski, Executive Director of the IBBA. “As an association of business brokers, our members play a vital role in the successful conveyance of small and mid size business assets. Our growth and health is an indicator for the larger economy.”
At the end of 2015, the IBBA had approximately 650 members. “We established a goal of reaching 1,000 members by the end of 2018 and developed a plan of action on how to achieve that goal. A lot of people thought it couldn’t be done,” Golubski said. “Now we’ve already hit the 1,000 mark. It’s been amazing to see all the new members and we look forward to building on that success.”
What’s the next milestone for the IBBA? “We haven’t formalized anything yet, but I like the sound of 2020 [members] by 2020,” stated Golubski.
IBBA was founded in 1983 and is the largest non-profit association specifically formed to meet the needs of people and firms engaged in various aspects of business brokerage, and mergers and acquisitions. The IBBA provides education, conferences, professional designations and networking opportunities for its members, and delivers the quarterly Market Pulse research report to industry.
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