When is the right time to buy a business?
How's this…………………. “…………………….buyers often ask me, “is it a good time to buy a business in this market at the present time”? ? I tell my buyers …the time is right if the business is right for them… there is no right or wrong time. Quality businesses will be bought and sold no matter what the economic situation… because there are not that many options around, How can you make a living if you don’t want to work for a boss? Most of us cannot live off an interest return of 5% on a say a $million dollars sat in a savings account these days. – So the need to earn income cannot be ignored. “Sellers ask me is it a good time to sell their businesses? “ I tell them from my experience over the last 9 years in selling many diverse General Businesses, through various economic times, that the right time to sell is when it is timely for them to sell…that means having their business properly prepared for sale as “Victory loves preparation” … Russell Crowe said that in the Gladiator after beating all his rivals in battle! Selling when it’s timely for the seller is not always possible, as life is a game of chance and the tides can change unexpectedly any time in a life cycle. – So the best business owners are always prepared to sell – then they will be able to sell when it suits them best.