The International Business Brokers Association is stating that their for-sale business listings are up from last year:
Amidst all the bad economic news these days, there is a silver lining: It might be the perfect time to buy a business—for the right buyer, that is. The volume of businesses sold is reportedly way down for the year, more than 70 percent according to some business brokers, which is more of a result of the tightening of the credit markets than a dearth of opportunities. In fact, organizations that track the industry like the International Business Brokers Association, which represents the nation's 1,950 business brokers, as well as online markets like BizQuest.com and USABizMart.com, which post business-for-sale opportunities, report that the listing volume is steady or up compared to past years.
The first step is to start looking for business opportunities:
- Determine Your Commitment
- Establish What You Can Afford
- Figure Out What Skills You Have
- Consider Lifestyle Impact
Then, once your list is created, start narrowing it down.
What businesses would you consider buying?