3 Post COVID Challenges When Selling Your Business

COVID caused many businesses to temporarily or permanently close. Now that COVID is in the rear-view mirror there still are lingering effects when selling a business. First, the supply chain issue has caused buyers to question the seller’s vendors. Do they have more than one supplier for a product? Second is inflation, has the business increased prices in line with cost increases which translates to healthy profit margins? Third is labor and has the seller been able to hold onto key employees? When selling your business you may need to offer “Stay Bonuses” to maintain your star employees.