I remember last year people saying, "This market won't last another year". All the hopefuls including myself predicted that this market we are currently in now, will turn around soon. Now I admit that I have had a few sales and I even currently have a few buyers down the pipe but honestly is this the same situation we were in last year or does it seem worse?
Threats of a recession, Threats of another war, politicians running in circles promising to be the answer to all our problems. When will it all end? Well the answer is never, but here is a more realistic question. When will it all change?
I know, I know. Cycles! Every business has cycles. Ups and downs. The problem is I'm even hearing the old pros admitting that this is the worst down market they ever experienced.
Luckily for me I own two other companies one is tied to RE, it's a property management company (www.silverstonepropertymanagement.com) and the other is manufacturing company, we custom build Filling Machines for the Bottling and Packaging industries (www.simplicityfillingsystems.com).
All that being said, Anybody out there in a similar situation? Are you deciding what business to put all your eggs in? What are your thoughts?
Max Introini
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