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Poll. Is now a good time to start a business?

What do you think?

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Answers (8)
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Property Masters Realty
REO agent
Orange County, CA

Absolutely.

Apr 30, 2009
Steven St
World Business Partners, Inc
Los Angeles County, CA

In general the answer is NO. But this is a good time to buy businesses at a discount because many businesses may be on the edge of failing or can not obtain capital as they were in the past for normal operations.

So, someone with a good capital base can come in snatch up some businesses at a good price and then wait until times are good again.

And there are some industries that are doing well right now, i.e. debt collection companies, repossession companies, check cashing businesses, etc. but once the economy turns around so may some of their fortunes.

So, it all depends. Lots of investors I know are sitting on the sideline. So that may be an indicator as well.

But bottom line is if you have a good deal. It doesn't matter what time it is.

Apr 25, 2009
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Business Alliance Affiliate
Tulsa County, OK

yes

Apr 10, 2009
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The BAF Group LLC
MD

If you are trying to buy a business at a discount, because it is being sold at a reduced price due to "necessity", you have to ask yourself, WHY!??! If the business is down and that is the necessity, are you really getting a bargain? Sure, you can buy at a discount in those situations, but you are then inheriting the same difficulty the Seller had. Cash flow is normally the deciding factor in small business sales and purchases. If the cash flow is low, the price is low. If the cash flow is rich, you will pay top dollar. It is a trade off. You can buy low and have no profit; or buy high because the cash flow will be there. Getting a discount is not necessarily a bargain - and in fact, unless you are extremely experienced, skilled and have very deep pockets to weather what ever problem exists, it can be a disaster. No one is going to offer you a discounted price unless there is a problem.

Apr 9, 2009
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Henry County, VA

That's kind of a trick question. Probably a bad time to start a business, unless you are well capitalized to weather the storm. At the same time though, I personally believe it is a good time to buy a business as I've got to believe that many are selling at a discount as a necessity. Besides, valuation calculations would have to be low with the lower revenues from the past year.

Apr 9, 2009
Leon Parker
New Hampshire Business Sales, Inc.
President - co-owner
Merrimack County, NH

It is an excellent time to start a business. There are a host of opportunities now for an entrepreneur with ambition.
An alternative answer is that any time you have a good idea, and can take advantage of an opportunity is an excellent time to take advantage of that opportunity.

Apr 2, 2009
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The BAF Group LLC
MD

It depends upon the business. Although I have been a Business Broker for almost nine years, I have been a start-up and troubleshooting consultant for most of my career,predominately for small to mid-sized business. If there is one cliche that sums up the current situation, it is: Where there is a problem, there is opportunity! So, again depending upon the business, now may the optimal time.

Apr 2, 2009
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Any time when you feel confident to face the challenges involved in launching your own business is the real good time. The creative enterprenuer skills wthin you will always guide you to establish the business successfully. The booms and recessions are the part of business game, one has to play to win.

Apr 2, 2009

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