The decision in selling a business in the face of a changing industry is often a smart decision. But it’s often difficult as well because forecasting future trends is a hard task.
Timing the Market
This can include reading the newspaper headlines, browsing the internet, following their gut instincts, and trying to guess what will happen next.
Timing the market can be a dangerous pursuit, but if a business owner believes the future involves technological advancements that will render his business obsolete, he may be ready to exit the industry by selling a business to a new owner or a parent company that can make said advancements. Buyer beware, changes in the industry are also a risk for you as well.
Want to learn how to tap a larger part of the market as a seller? Contact the George & Company business brokers.
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