Business Broker Profile: Kim Davies
Posted on January 3, 2018
We want you to get to know us, as we get to know you.
Our professional business brokers help Business Finders Canada stand out from the crowd.
To highlight our team, we’re featuring each of our brokers in a Q&A.
Meet Managing Broker Kim Davies:
How would you describe what a business broker does?
If you are someone who is unfamiliar with the buying and selling of businesses, the term “business broker” might be a bit confusing.
A business broker is a professional who has specific training and experience in helping people buy and sell businesses. If you’ve ever bought or sold a home, then chances are you’ve worked with a real estate agent. You can think of a business broker’s role being very similar to a real estate agent; however, the business broker is helping you buy or sell a business, which frankly is a more complex endeavour.
Like real estate agents do with homes, business brokers can help you buy or sell a business. Business brokers typically have years of training and experience in buying and selling small to large-sized businesses and therefore can provide you expert guidance that can save you precious time and money.
What’s been your favourite experience in the industry?
My favorite experience in the industry to date is the unpredictability of it all.
There isn’t a single transaction that is the same. This profession is not for the weak of heart! It can gobble you up and spit you out in swift fashion or it can be the most rewarding experience of your life.
I think back when I first started my career in real estate and remember very fondly receiving my first financial reward for my first sale. I still have contact with those clients (now friends) and have received numerous referrals from other clients because, to me, my clients were never just a transaction. They were much more… a lasting relationship.
In this industry, it is a fact that clients don’t care what you know until they know you care.
Who inspires you?
The people in my life that inspire me most are family members. I have three boys of my own and three step-sons I adore. These boys are a constant source of inspiration for me. We have athletes, musicians, adventurers, work horses, and even comedians in our family.
My husband was the single person in my life that gave me the confidence and gentle push that I needed when I was deciding to change to a career in real estate. He has continued to be my biggest source of encouragement and support.
I truly wish everyone was as fortunate as I am! Great kids, Great husband, Great career, GREAT LIFE!
What’s a defining moment in your life?
A defining moment in my life was when I was sidelined with a painful condition which really took me out of the game for almost four years straight.
I am not the kind of person to back down from a challenge or opportunity which often caused me a lot more stress than needed. I had an inability to give up control. When dealing with this condition, I was FORCED to learn to let go of things. I had to ask for help and to accept help when offered. It was a huge eye opener and although I wouldn’t want to ever go through it again, I am forever grateful that it happened.
I am still a bit of a “control enthusiast” as my husband would say, but have learned to let go of the reins a bit and enjoy life a lot more.
What’s an important piece of advice you give to business owners?
The piece of advice I would give business owners is “use a professional” when it comes time to sell your business.
Business brokers are trained and experienced to help you. Use them!
So many business owners assume that a residential real estate agent can provide them with the same service. It just isn’t so. Business brokers in addition to being licensed Commercial real estate professionals can offer you that next level of service and knowledge. They are trained for this. It would be equivalent to using a care aid to perform heart surgery! Both are trained in the medical field… one has just been trained much more specifically.
Do you have a favourite quote?
I, not events, have the power to make me happy or unhappy today. I can choose which it shall be. Yesterday is dead, tomorrow hasn’t arrived yet. I have just one day, today, and I’m going to be happy in it. ~ Groucho Marx
What’s the best way for people to connect with you?
You can find me here Monday to Friday at the downtown office (1652 Pandosy Street in Kelowna), 250-491-1111, or firstname.lastname@example.org.
If you know of someone thinking of buying or selling a business, who would appreciate the kind of service we offer, we’d love to help them. So, as these people come to mind, just drop me an email or give me a call with their name and business number. I will be happy to follow up and tend to their needs.