Timing the Sale of Your Business
A recent report published by BizBuySell — one of the Internet’s largest marketplaces for buying or selling a small business — confirmed a hunch I’ve had for several months, namely that small business deal flow seemed to pick up during the latter part of 2009. While many business owners have put their exit plans on hold until the economy recovers, others are not only hanging on but enjoying growth and have a bright outlook for 2010.
The New York Times published two retrospective articles in December — one featuring small businesses that managed to grow in 2009 and one on businesses that had to close their doors. In the latter article by Ian Mount, business owners were asked to look back on their experiences. One owner’s response was that she should have sold her business when she had the chance.
