No Rush to Sell Your Business
As the author points out, in this Business-Courier article, it’s not unlikely for the country to experience a recession in the next couple of years. It’s probably even more reasonable to see one tied into the 2020 Presidential campaign. Just as everyone “held their breath” during the summer/fall of 2016, nervous about what would happen on election day, so, too, will people in 2020. And it could be enough to trigger a recession.
So what if you’re selling your business? What if we slide into a recession? Will it be like it was in 2008? Probably not. As the author notes, the financial markets led the way in 2008, collapsing like a house of bricks built on tranches of quicksand. They won’t lead the way in the next recession. So, available capital will not dry up as it did before. While the ability for buyers to get financing will be tightened, it’s tough to see if being tight enough to shift from current seller’s market to a buyer’s market.
What does that mean for a business owner looking to sell in the next few years? Simply .. . there’s no need to feel rushed.