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Prospects of Small Business in 2012

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CIOL Bureau
Updated On
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BANGALORE, INDIA:

For a few years now, small business owners have been waiting for the long-discussed economic recovery to finally happen. While these owners certainly look forward to the uptick in business, stronger top-line revenues and improved profitability could also spur them to finally consider selling their businesses. The fact remains that many proprietors still see their business’s current value as too low to plan a financially successful exit.

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Will 2012 be the year to do it?

The short answer is “perhaps.” BizBuySell’s quarterly insights data continues to show year-over-year increases in the number of closed transactions reported (although these are still down 30 to 40 percent compared to the boom  in late 2007 and early 2008). Banks continue to slowly improve lending options, and both sellers and buyers are more aware of financing solutions to help close a deal. So with some optimism ahead, what should potential sellers be doing to prepare?

  • Start Planning Now
  • Research the Market
  • Spread the Word
  • Expect to Offer Financing

For more visit www.smallbiztrends.com