The Right Moment to Buy a Stock at a Great Price When is the right time to buy?
By Phil Town
Opinions expressed by Entrepreneur contributors are their own.
In this video, Entrepreneur Network partner, Phil Town explains how finding just the right time to buy a business is key. How do you establish a margin of safety to make sure you are safe in future years, and how do you determine the sale price that tells you it's the right time to buy a company?
To determine the margin of safety of the business, and determine whether it is ready for sale, start by understanding the business as much as you can and understand what will protect it. Next, set a goal of 10 percent yield for the year. If you are able to meet this level of profit, you are doing great for the year.
Watch the video to hear more strategies and turn a profit.
Related: 5 Financial Choices You'll Regret
Entrepreneur Network is a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.
EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.
