Rick asks- Do SME prices go down in a recession?
I held an online session for some of the graduates of the Business Buyer Advantage online course last week and a few great questions came up.
The first one I’ll tackle is here.
Do prices go down in a recession?
It may seem like an easy answer to say yes, but there is no relationship between the economy and business prices.
The relationship is between the business’ financial performance and its price.
But that’s not all that changes in a recession.
Most notably, the availability of credit can change and this has an effect… on terms!
I think you’ll enjoy this one.
Watch the video of my thoughts and experiences here: https://youtu.be/OgmVl20I9Os
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#entrepreneurship #recession #pricing #gunsandbutter