The booming economy may be the best time to sell your business
Larry Goldstein
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Market enthusiasm has carried business values to a high level
Howard Marks, Co-chairman of Oaktree Capital, is one of the most successful Wall Street investors of all time. In his book, Mastering the Market Cycle: Getting the Odds on Your Side, he makes the point that the time to sell an asset is when market expectations are high, pushed largely by psychology:
” On the other hand, when the upcycle has gone on for a long time, when valuations are high, when optimism is rampant, when everybody thinks everything’s going to get better forever, when the economy has been moving ahead for 10 years and it looks like it’s never going to stop, then usually, the enthusiasm has carried the prices to such a high level that the odds are against you.”
Current sale prices for businesses are high, largely in part due to an abundance of equity in homes and stocks, looking for investments.
Now may the best time to maximize the value of your business. Please contact me for a complimentary Business Valuation.
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