Is it a good time to buy a business?
Its is always a good time to buy a great business, however, a purchase made now may have more risk attached to it than normal. Many markets are going through a down turn in which you will never recoup your investment.
Uncertainty across the market place also produces opportunities. Many smaller business that have come on the market in the last 24 months have been over priced with few interested buyers. This is due to multiplier formulas based on past performance in a robust economy with nothing factored in for possible slow downs. With fewer buyers, you can capitalize on a great opportunity.
As such they are still for sale, and deals can be arranged. When looking at purchasing a business, don’t focus entirely on the purchase price. Take advice from experienced business brokers and try to factor in as many relevant warrants, guarantees and target achieved payments as possible.
About the Author
Philip is the CEO of PayProDirect, a contingent work force supply management company. Philip is a serial entrepreneur with six successful start ups already under his belt. His consulting practice helps small business start, medium businesses grow and large businesses keep ahead of the curve. He has helped many clients around the world find opportunities and develop business and personal success.
