The COVID-19 pandemic hugely impacted companies in nearly every business sector. The impact forced business owners like you to confront a wide variety of unforeseen challenges. The massive shift to remote work, changing labor market, and new trends in consumer behavior are just a few of the obstacles you might be navigating in 2021 and beyond. If you were thinking about selling your business before the pandemic, you likely put those plans on hold.
The health crisis created unprecedented economic uncertainty that kept most would-be sellers from closing deals. However, deal volume is up compared to 2020. Additionally, the net percent of owners who have raised selling prices is the highest it’s been in decades at 36%.