Jeff is the Lead Broker at Fusion Business Brokers. Jeff has owned and operated many businesses over his 30+ year career as an entrepreneur.
While the small-business world hasn’t completely recovered economically from the fallout caused by the pandemic, BizBuySell’s recent 2021 insights report should provide some optimism for small-business owners.
After a slow start to 2021, small-business transactions came raging back at a 28% clip in the fourth quarter, bringing totals to within 11% of pre-pandemic 2019 numbers. And the volume of transactions wasn’t the only area that saw improvements. The median sale price of small businesses surged by 16% as a result of low interest rates and an “intense demand” for strong-performing businesses.
All this leads to the notion that if you’re experiencing similar feelings—opportunity, burnout, etc.—you don’t have to feel like you’re selling low on your business anymore if now feels like