When is the best time to buy a business?
You have been debating on buying a business but can't find any available that meets your criteria. You are frustrated because you desperately want to find something but can't find anything. What do you do? Let's digress and look at the real estate market at the moment. In some cities such as Toronto, there is an extreme shortage of houses. It appears that everything that is listed gets sold very quickly. As a result, anyone who is selling a house today keeps increasing the price because they believe that someone will pay the asking price. Eventually, the house will become over priced and it will sit on the market. All reasonably priced houses sell almost immediately. Is this different that buying a business? Not at all but investors do not draw an analogy between the housing market and buying a business.... More