But oftentimes, the business owner has gone too long avoiding raising prices or has been complacent in finding a better deal from vendors.
If a company’s costs are too high and/or prices too low, the business owner must take every step possible to make the profit margins attractive to potential buyers.
Low profit margins will negatively affect the valuation and sale price of a business.
|Michael Marks, creator of Toons ‘n Tips, is a Certified Business Intermediary (CBI) and has over thirty-six years of business experience and ownership. He is a licensed real estate broker in the state of Colorado and has been selling businesses for over eighteen years. Michael has taken up cartooning as a hobby in recent years and has found that by using those skills, along with his extensive business experience, he has been able to create the Toons ‘n Tips drip marketing service for clients all over the country. Find out more about Michael at www.toonsntips.com.|