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Are You Thinking of Selling Your Business in 2012?
Here are 5 reasons it might be a good idea - New York Times Article
For those of us waiting for the business-for-sale marketplace to turn the corner, 2012 brings a number of reasons for hope, many of which are addressed in a just-published New York Times article. While the decision to sell your business should be entered into with careful thought and planning, here are five reasons you may want to get a deal done by the end of 2012.
1. Expiration of Bush-era tax cuts
2. 2011 was a good year for many small businesses.
3. There's still plenty of money on the sidelines.
4. The market may be flooded soon.
5. It may be time to get on with your life.
Read Entire Article
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--SOLD--
New Hope Medical Supply  Having established the business in 2007 in a newly-constructed medical center in Northwest Houston, Dr. & Mrs. Vu's venture quickly achieved success in providing quality medical equipment and supplies to surrounding communities. Since Dr. Vu was an active member at a Family Practice Center with four locations and their children were getting to the age where parental supervision and involvement were taking precedence over the business, Dr. & Mrs. Vu knew that it was time to sell the business to someone who could take it to the next level.
That's where Ankit Gupta and Harkinder Rangi come in, a husband and wife team who moved to Houston from Bloomington, Indiana, where they were both employed by Boston Scientific, a major medical supplier. They purchased New Hope Medical and specifically chose Houston for relocation because "that's where the action was for owning a business."
The new owners have big plans -- building a new online identity and to grow the business into multiple locations.
Tom Pence listed the business and sold it. |
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We Are Fortunate to Live in Texas
We watch economic and market conditions compared to the rest of the country because these factors affect business value. The following are new articles published since last month's newsletter. Houston Stomped Silicon Valley in 2011 Tech Job Growth - Houston #1 in U.S. in tech job growth, Dallas #4. Federal Reserve: Houston Economic Update - Houston left the Great Recession behind and its outlook remains positive. Houston Stays Ahead of U.S. Housing Downturn - Report estimates that Houston home prices will increase by 3 percent in 2012, compared to the expected national average .2 percent. Houston Among 10 Cities "Poised for Greatness" in 2012 - Austin is also on the top ten list. A Look to the Future: Texas' Largest Solar Farm - This is the largest solar project of any public utility in the U.S. Report: Increasing Business-For-Sale Transactions - Published by BizBuySell, the largest marketplace for buying and selling a small business. Forbes: Cities with the best economies in America - "Don't Mess With Texas" is more than just a slogan. Investors Show Interest in Austin Real Estate - 2011 R.E. transactions increased 32% over previous year and is expected to rise. Growing Houston Energy Companies Could Lead to New Office Buildings Houston Region Could Add More Jobs, Wealth from Globalization of Natural Gas Texas Retail Sector Leads Nation in Jobs Chief Economist: Austin is Hot - He isn't talking about the weather! Texas #2 in America in Population - CA remains #1, but how long will that last as companies and employees keep fleeing the State to come to Texas. From 1999 to 2011: See How America's Best Performing Cities Moved from California to Texas |
Ask the experts section
Q: How do I know if a business is a good deal?
A: There are a variety of factors to consider when deciding whether or not to purchase a business. Paying too much for a business can cause many problems and lead to failure. In addition to purchase price, there are other personal factors to consider including your financial situation, goals, and risk tolerance. It is also important to determine whether or not the business is a good "fit" for you in relation to your lifestyle, experience and skills. A good deal for one person may not be a good deal for someone else. The decision to purchase a business should only be made after carefully investigating the business and considering your situation and objectives.
14 Points Towards Buying a Business That Suits You |
