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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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of an entrepreneur who was a dream chaser. And that dream chaser was the founder of your multigenerational business.
And the amazing, oft-overlooked thing about family business is that you are the success stories of entrepreneurship. You are the stewards of that dream- chasing founder. The challenge, of course, is how to remain entrepreneurial over generations when the family tree sprawls, disagreements erupt, and the focus is less on opportunity and more on governance. But there are questions: How is entrepreneurship a part of your culture? How do you define it and encourage it in your family business? And, really, should you? Entrepreneurship should be a part of all family business strategy and all business culture — from the board level to the CEO and the shareholders. It encourages new thinking. Without it, you risk irrelevance. And believe me, you do not need to float around the globe in a balloon to be entrepreneurial. You just have to be open to opportunities. –Amy Cosper,
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Editor of Family Business Magazine & Past Editor of Entrepreneur Magazine
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WWW.TERRYMONROE.COM
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