Tip #44: Business owners who “Draw a Line in the Sand” and refuse to update their operations

business cost and productionSuccessful business owners are always learning and finding new ways to improve their operations. But business owners who “draw a line in the sand” and close the door to new methods, new technology and updated equipment can see a drop in market position, revenues and profitability. As a result, buyers for these businesses will only offer a discounted price, and oftentimes a heavily discounted price.