Let’s look at two situations where this may be the case.
As Kenny Rogers sang in The Gambler, “you gotta know when to hold ’em.”
We’ve witnessed extreme volatility in the stock market. But in spite of that, we’ve held tight.
Research still shows that most people who pull their money out and then put it back in tend to buy high and sell low. It’s the exact opposite of what you want to do.
The same may be true for your business. Right now is probably not the best time to sell. The value of small businesses tend to follow the stock market.
So you might want to hold for now until market prices recover and credit is more generally available. In the meantime, keep making money and improving the business.
Of course, you should always consult with your professional advisors about the specifics of your situation.
In a go-go-go, gotta-have-it-now world, this may seem like strange advice. But sometimes it pays to wait.
For example, it may pay to wait to start a business. You may have a good idea but the market isn’t there right now.
Or you may want to wait until you gain some relevant experience. Or because you’re almost vested in your company’s retirement plan.
Most things in life aren’t now or never. Wait is a viable option.
Sometimes doing nothing helps you reach BIGG success faster!
Image in this post from Fanginhoon