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
thing?” Since I used to have “dealitis” where I could not pass up a deal and would buy a property or business without a second thought, I have used the “What is my upside?” question whenever I am faced with a potential opportunity. The question I ask myself is: “Am I buying this opportunity or stuff for the thrill of doing a deal or what is my upside if I go forward with this transaction?” What I found out by asking myself this simple question is that I have been able to increase my productivity and my financial situation, and reduce possible grief in my life. The next time you are faced with an opportunity or a thing you don’t think you can live without, take the time to have a talk with yourself and ask yourself the question: What is the upside for me if I go forward? Because we all know it is easier to buy than it is to sell. Once you take everything into consideration, I think you will be pleasantly surprised by how asking yourself the “What is the upside?” question will make a difference in your productivity, financial situation, and overall happiness going forward. –Terry Monroe 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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