Franchises

Is now the right time to buy the business I've managed for 7 years?

Guest Writer
Entrepreneur, Business Planner and Angel Investor
min read
Opinions expressed by Entrepreneur contributors are their own.
I'd like to refer you to a post I wrote a few months ago on titled Economic Dark Clouds. The point I was trying to make is that small business usually depends a lot more on very specific things related to your business, much more than on broad macroeconomic trends. For that matter, nobody really knows the economic future that well--experts always disagree--so you just can't look at larger trends to answer this question.

Okay, there may be exceptions. Sometimes certain kinds of businesses go through hard times, like maybe real estate brokers or mortgage brokers for example during a credit crunch. Maybe you're an exception.

More likely, though, is that you know much better than I do. You work there, you've seen the ups and downs, and you know the ins and outs. Don't look for magic answers somewhere else, find the answer right there with what you know and think and feel.

Tim

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