On July 17, 2009 I wrote a post “Are you prepared for an ideal business sale window of opportunity?“ In it I described why, once an economic recovery begins, I believe there will be an excellent business selling window of opportunity of about 9 months for businesses that have performed well despite the recession.
Over the past few days there have been several signs that we may have hit bottom and are possibly even at the start of an economic recovery. Some of the positive news includes: existing home sales were up for the last three months, fewer U.S. households appear to be falling behind on their debt payments, there were plenty of surprise positive earnings reports from publicly traded companies, there has been increased publicly-traded company M&A activity (after very little for the past year), and the Dow Jones Industrial Average had its best two-week performance since 2000.
Sure, there is plenty of negative news still out there, but some of it, like unemployment, is usually a lagging indicator – meaning that we will likely be well into a recovery before unemployment peaks and starts to come down.
Alan Blinder’s Thursday Wall Street Journal article, “The Economy Has Hit Bottom“ provides some additional interesting insights about where we are at in the economic cycle.
If you have been holding off on a sale of your well-performing business until there is an economic recovery, you may want to start actively preparing for a sale now by contacting an investment banker or business broker, such as Codiligent.
[...] the second half of 2010. If you’ve read my past blog posts, such as the one titled, “Start of the recovery? Time to think about selling your business“, you will understand why this is important, but allow me to reiterate the primary reasons [...]
By: Recession is Over « Portland Business Broker Thoughts on August 12, 2009
at 6:14 pm