The stereotype looms large.
A recent business article underscores in its headline the “unpleasant surprises” that can confront a business owner quickly after the onset of a new startup or somewhere down the road thereafter.
Kudos to New York’s small businesses. Reportedly, they are the backbone that centrally supports commercial success across the state and contributes in tremendously important ways to New York’s continued growth and betterment.
“The reality of it is not whether or not we want to give it – it’s whether we can give it.”
They're not necessarily dying. In many cases, their apparent flailing is more about evolution and the opportunity to reemerge in a stronger and more dynamic way in the future.
Following is a hypothetical that is actually a commonplace reality for some businesses in New York and nationally. It often poses both a challenge and corresponding opportunity for select entities.
That didn’t take long, did it?
A New York company contemplating a merger with or acquisition of another business can anticipate both challenge and, potentially, great opportunity.
Maybe your company's leadership team has given some thought to the idea of merging with or acquiring another business. You might be leaning toward a conclusion that your enterprise has hit a rut and must proactively take some rather dramatic steps to ensure continued viability and profits.
When it comes to using New York City as a launching pad for starting a new business and makingit profitable, "the pros outweigh the cons." And not just by a little bit.