Take Advantage of Bargains from Businesses in Trouble

Posted by: Rod Kurtz on January 14, 2009

If you have the cash and warehousing space to take advantage of bargains from distressed or failed businesses, now is the time to do so. Do not hesitate to ask for a lower price, or ask for more at the same price. Cash speaks in a very loud voice, so use it if you can. However, remember that unless you know who will buy an item and how you will sell it, it is not a bargain—it is junk.

Marilyn Holt
CEO
Holt Capital
Seattle

Post a comment

 

About

Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.

To submit a tip for consideration, first check our archive of previous tips to make sure you're not repeating a tip someone has already contributed. Then send the tip to Small Business channel contributor Michelle Dammon Loyalka. Because of the volume of material she receives, she may not respond to each individual.

BW Mall - Sponsored Links

Buy a link now!