Peter is originally from Long Island New York. After receiving his bachelor’s degree in Business Administration, Peter went on to become a successful entrepreneur, owning, operating and optimally selling several businesses, which led him to a twenty year career as a business intermediary. As a successful entrepreneur Peter can relate to the sellers and the buyers objectives first hand. Peter is a member of the International Business Brokers Association where he has earned the coveted designation of a Certified Business Intermediary (CBI), the M&A Source (Association of Merger & Acquisition Professionals), the Business Brokers of Florida Association, the Nevada Business Brokers Association and is a licensed real estate broker.
Certified Business Intermediary (CBI)
A Certified Business Intermediary, or CBI, is the designation awarded by the IBBA to members that have met stringent educational requirements and ethical standards. IBBA is the largest international, non-profit association operating exclusively for the benefit of individuals and firms engaged in business brokerage as well as mergers and acquisitions.
A CBI is an experienced, proven professional whose claim of competence is supported and documented. With the skills necessary to handle the marketing, negotiations and complex details involved, a CBI professional is the most qualified to complete the purchase or sale of your business.
To earn the CBI designation, an IBBA intermediary must meet the following requirements:
Education – A CBI must complete a minimum of 68 class hours of business brokerage courses offered through IBBA and must demonstrate an ongoing commitment to professional development through continuing education and recertification.
Experience – A CBI must demonstrate competence in the application of knowledge gained through practical experience with many years of experience and education in business brokerage.
Knowledge – A CBI has to demonstrate a high degree of knowledge garnered through the completion of required courses and the passing of the comprehensive CBI examination.
Ethics – A CBI must thoroughly understand the IBBA’s Code of Ethics and apply the code to his or her business practices.
A higher level of education and training means that a CBI will have more access to people and information than other business brokers. While there are thousands upon thousands of business brokers, there are only about 600 CBI’s currently in the U.S.
A CBI has professional affiliations with hundreds of other intermediaries in addition to the most current industry information regarding taxes, government and legislation.
A CBI’s experience and knowledge of current marketplace conditions is critically important for anyone looking to sell, or acquire a business. If you are considering the sale or purchase of a business, you need every advantage you can garner, primarily preparation, experience and knowledge.