It never ceases to amaze me how some people use the gloom and doom media news stories as an excuse to either not make decisions, or make the wrong ones. We live with business cycles. After more than 15 years as a Business broker Christopher P. Mok expects that many people will think that it’s hard to sell a business during a presidential election campaign because of all the bad things the candidates say are or will be happening.
It is always a good exercise to assess your options. Goodwill is connected to the earning capacity of a business. If you have a respectable track record, then you can expect to get some future multiple of earnings should you decide to sell. If you wait for the cycle to hit its valley, it may be years before your Company is worth what it is now! If you have nothing else to do with your time, no problem. Most people would choose not to work for free given a choice.
Christopher P. Mok has 25 combined years as a financial and transactional expert. He worked with publicly held companies at Coopers & Lybrand (now Pricewaterhouse Coopers) and the investment banking firm AGS Financial Corp. before founding Business Search Group in 1993. Valuations, building business value, exit planning consulting and middle market business sales are within the sweet zone of his practice. He has a wealth of experience that helps his clients increase their wealth when it comes to buying or selling businesses. By hiring Business Search and Consulting business professionals, you can be sure that you are on the way towards maximizing your Company’s value.
Tags: bizsearch, business professionals, business sales, business value, buying, consulting, exit planning, sell a business, selling businesses, Transactional expert
