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Tip #96: Updated technology in a business can help its value and salability.
We all know that technology is moving so fast it can be overwhelming. And it is impacting many businesses in a way that business owners just can’t ignore. The business must keep up with the competition and/or the marketplace for its products or services. And when it comes time to sell the business, buyers will be concerned if the technology is too outdated. That could mean lower offers or buyers just turn away if they feel they have to invest the money and take the time and effort to bring the company into a competitive position for growth.
