Have you been thinking about selling your business? This piece by New York Times columnist Barbara Taylor discusses why 2012 might be an advantageous year.
Barbara (who is one of my favorite columnists) cites several reasons:
- Expiration of the Bush-era tax cuts
- 2011 was a good year for many small businesses
- There is plenty of money on the sidelines
- The market may be flooded soon
- It may be time to get on with your life
The author makes the point: “Whether the coming year breathes fresh air into what has been a stagnant market remains to be seen. If you do plan to sell, keep in mind that it typically takes about a year to complete a transaction. The longer you wait, the harder it will be to get a deal closed by the end of 2012.”
To read the full article, follow this link: New York Times Small Business.
To read an article by William Bruce on business valuation and how to use rule-of-thumb guidelines to appraise a business, please click here.
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William Bruce is a business broker and president of the American Business Brokers Association. He may be reached at (251) 990-5910 or by email at WilliamBruceOnline@gmail.com.