It's a Lousy Time to Sell Your Business
Get ready to face a sour market if you're hoping to sell your business. In the first quarter of 2009, the number of sold small businesses fell 36% compared to a year earlier, according to marketplace site BizBuySell.com.
Full-text article by Emily Maltby is available via CNNMoney.com, 4.27.09.
Labels: entrepreneurs, prospect research, small business
posted by Courtney Lavery @ 4:44 PM
25 Comments:
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The article provides a candid perspective on the challenges of selling a business in a challenging market, highlighting the complex factors at play in today's economy. It emphasizes the importance of understanding the obstacles to selling a business, the resilience and adaptability of business owners, and the need for long-term planning and strategic decision-making. The article encourages readers to consider the broader economic context when making important business decisions and provides practical insights to help business owners navigate this challenging landscape. The challenges discussed in the article are a testament to the unpredictability of the business world, and the article encourages readers to seek professional advice when making business decisions. It also emphasizes the importance of patience and perseverance when navigating a challenging business landscape. The article offers a balanced view, acknowledging both the obstacles and opportunities that come with selling a business in tough times. It is excited to see how entrepreneurs can use this difficult time as a catalyst for innovation and growth. The challenges discussed reflect the resilience of business owners who continue to strive for success despite the odds. In conclusion, the article is a valuable resource for business owners seeking to navigate the complexities of a challenging market and make informed decisions.
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Your post highlights important considerations for anyone thinking about selling their business.
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Selling a business in a challenging market can feel like trying to click cookies in Cookie Clicker when the cookies just won't drop! It's crucial to adjust your strategy and perhaps focus on improving your business's value before selling.
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