By Eva Lang - Business appraisers know that one of the determinates of value for a company is the industry in which it operates and its position within that industry. You can have great management, capitalization, and marketing but if your industry is collapsing your company is going to be in trouble. Last fall, the folks over at Entrepreneur pulled out their crystal balls and announced their picks for industries facing extinction in the next ten years. The list included the expected (record stores and film manufacturers) and the unexpected (gay bars?). In my mind, some industries on the list, like telemarketing, can’t go fast enough but I do hope they are wrong about newspapers. In any case, the article is worth a read for business appraisers who want to be aware that some clients may be in trouble. The full text of the article can be found at http://www.entrepreneur.com/extinction/index.html
First it was buggy whips ...
Jan 8th 2008