SUDOKU (SOLUTION ON PG. 4) Take a Break!
Get the Wisdom of Other Business Owners’ Mistakes FROM TERRY MONROE’S ‘HIDDEN WEALTH’
Are you planning on selling your business in the next 1–2 years? If so, you need to start planning now. But where do you even start? Selling a business is a massive undertaking. With so many things to consider, some confusion is understandable, but if you don’t get the right kind of help, you could end up selling your business for far less than top dollar and leave tens of thousands of dollars on the negotiating table. These are the kinds of cautionary tales that market maker and four-time author Terry Monroe shares in “Hidden Wealth: The Secret to Getting Top Dollar for Your Business.” While we’d like to hope we’re accomplished
and savvy enough to sell our business without any help, the uncomfortable truth is that tons of successful business owners have lost out on millions of dollars in selling their businesses — all because they didn’t know exactly what they were doing. Sometimes, contemplating the financial implications of selling your business and dealing with the strain and grief that comes with doing so are worse than actually selling the business. So, what then? Well, in Terry Monroe’s “Hidden Wealth,” you’ll also learn how to realistically assess your situation, deal wisely with the business you’ve built over the years, and maximize the money you’ll receive when you decide to sell. It has been said that we learn from our failures, not our successes, but the true sign of a successful individual is to learn from someone else’s failures and not your own. “Hidden Wealth” seeks to do just that: give every business owner access to the lessons learned from the mistakes of other business owners so they can avoid the setbacks and reap all the rewards. Find out how you can get a copy today by emailing Terry@terrymonroe.com .
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Contrary to my client’s proven way of growing, he made the decision to go forward and purchase the 20-plus store chain I had offered to him. Now, fast forward three months later. While having breakfast with my client after the transaction closed, he shared some updates with me. After running the numbers of the 20-plus stores and evaluating the synergies involved and the time saved with the acquisition, he felt amazed by how much profit his company made in such a short time. He continued to share with me all of the upside potential he and his team had uncovered and was so excited that he told me to be on the lookout for more acquisitions. As the owner of American Business Brokers & Advisors, most people think all we do is sell businesses, which is a big part of what we do. But another part of our business is advising clients when to buy and how to increase the profitability of their business. If you are in a position where you want to grow your business, then maybe we should talk. Opportunities are available that most people don’t know about, and we can share information about these and, in turn, help you expand or grow your business.
AIRPLANE BEACHBALL
FOURTH GRILL HIKING REVOLUTION
RUBY SCOOPS SPARKLER TUBING
–Terry Monroe
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