“In this economy, there will be a tremendous number of benefits,” says Chalfin. “When you read about a business that closes, you think about those who remain in the industry who will benefit when the economy turns around.” When we emerge from this economic downturn, he says, those businesses will be well positioned with less competition. So, an acquisition in today’s economy may make sense if the buyer has enough capital to weather the downturn. Then, when the economy comes back, the business will have fewer competitors and more opportunities to grow.
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March 29, 2009
Pulling Off an Acquisition in Today's Economy: Risks and Rewards
In our talk with Wharton lecturer and author Robert Chalfin, CPA, JD, we asked about the advantages and disadvantages of buying a business i
In our talk with Wharton lecturer and author Robert Chalfin, CPA, JD, we asked about the advantages and disadvantages of buying a business in today’s economy.
“In this economy, there will be a tremendous number of benefits,” says Chalfin. “When you read about a business that closes, you think about those who remain in the industry who will benefit when the economy turns around.” When we emerge from this economic downturn, he says, those businesses will be well positioned with less competition. So, an acquisition in today’s economy may make sense if the buyer has enough capital to weather the downturn. Then, when the economy comes back, the business will have fewer competitors and more opportunities to grow.
“In this economy, there will be a tremendous number of benefits,” says Chalfin. “When you read about a business that closes, you think about those who remain in the industry who will benefit when the economy turns around.” When we emerge from this economic downturn, he says, those businesses will be well positioned with less competition. So, an acquisition in today’s economy may make sense if the buyer has enough capital to weather the downturn. Then, when the economy comes back, the business will have fewer competitors and more opportunities to grow.