If you are planning on selling your business in the next five years then do it now because every day America gets one step closer to the next recession, said James Cassel, founding partner at investment banking firm Cassel Salpeter. Cassel said rising interest rates will increase the cost of borrowing, and as it increases, it will lower what purchasers are willing to pay. When it comes to valuation, Cassel said today’s values are relatively high and may not last. Furthermore, he said private equity firms are flush with money right now and they need to put that cash to work. According to Cassel, the first Federal Reserve rate increase won’t be material, but it will set a tone.