The current situation is extraordinary, with many countries experiencing COVID-19 lockdowns, which is proving challenging in the business arena worldwide. Some industries will be adversely affected, as will certain types of businesses, which is a heart-breaking reality. But based on what we have seen in the past, economic uncertainty can also prove beneficial, especially for those who have been pondering a business investment or acquisition.
For over 40 years, Transworld Business Advisors has supported business owners through a number of economic uncertainties following devastating global tragedies. So, if you are considering investing in a business, here are reasons to continue your pursuit:
- Lower operating costs for your new business given the current economic environment, including favorable lease rates.
- Acquire competitors.
- Structure a more favorable deal with more seller financing.
- Decreased valuations of some companies that are harder hit than others.
- Increased financing options with rates lower than we've ever seen.
- Grow your current business through acquisition to increase your customer base or talent pool.
- This is a short-term blip within a stable economy.
- When you are buying a business, it is for the long term, not the short-term view.
This too shall pass and may be a great opportunity to become a business owner to recapture the economic turn around. Finally - Stay safe, healthy, and remain POSITIVE!
Transworld Business Advisors is passionate about small business owners, and we want you to become a successful business owner in your own right. We help people find their own version of the American Dream! Are you ready to buy a business and become boss free? We would love to help make it happen for you and we can schedule a free consultation below with one of our trusted staff.