Tip #13: Keeping up with Technology

Keeping up with Technology

Not all businesses need to have cutting edge technology, but a company can’t fall too far behind. Buyers will be concerned if they must make a large investment in the latest technology to get the company to a competitive level. A business owner should do the necessary research and purchase the technology to keep the company on par in its industry or be prepared to accept a lesser value for the business.

Sign up to receive Toons ‘N Tips by eMail
Learn more about buying a business
Learn more about selling a business