Business owners are experiencing disruption to all their plans following a totally unpredictable 2021. Those who are considering selling their business in 2022 are particularly confused.
At a time when many industries are struggling – but some are experiencing an unexpected boom – bringing a business to market is a more difficult decision than it was when the economy was predictable or at least stable.
If you are a business owner considering selling your business, doing so at the wrong time can mean potentially losing thousands or even millions of dollars in revenue.
While businesses are affected by the succession of financial, health, and energy crises in extremely different ways, the impact on most is negative, and the timing of economic recovery is uncertain.
Unfortunately, for many, 2022 and perhaps even 2023 – who can say? – may seem like the wrong time to sell. But nothing is less certain!