Prospective buyers often ask, “What is the best business to buy? What’s hot?” I turn them to a recent article by Peter Bregman, entitled “Why Small Companies Will Win in This Economy.” It is a beautifully written account of how people think of businesses in this current economy.
Small companies with low overhead, reliable owners, a small number of committed employees, personal client relationships, and sustainable business models that drive a reasonable profit are the great opportunity of our time.
Well said. I often stress trust as a key indicator of the viability of a business. Lean and mean and high profit margins are of the utmost importance, but building and sustaining relationships is what makes a business shine. Click here to read the article.