Owners Believe Their Business Value is on the Rise

The economy may be down and most experts may say it is a bad time to sell a business, but in a recent NY Report survey, most respondents said they believe their businesses have increased in value from a year ago. Business owners who believe their businesses are worth more today than they were twelve months ago attribute their success to increases in the number of repeat clients, a larger customer base, creation of new opportunities, and specific service needs that resulted from the economy.

Some business owners, like Chris Zawacki of New York City–based Greenhouse IT, may not have seen an increase in revenues, but have made changes to their businesses in order to position them for long-term growth. “Although we’re not realizing the triple-digit-growth percentages of the past two years, we firmly believe that our more modest growth this year will create more value in the long-term,” says Zawacki. “It’s imperative to use times like these that are more challenging on the sales front to increase staff efficiencies, streamline operational processes, and review your overall service model.”