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"HIDDEN WEALTH" The Secret to Getting Top Dollar for Your Business
TERRY’S QUOTE FOR THE DAY “The past does not equal the future. Live everyday with passion.” –Brian Tracy ► What is the value of what you are selling? ► Want to make sure the sale is confidential? ► Want to sell everything together & fast? Terry has sold over 857 businesses. His book tells you what to do and more importantly what NOT to do when selling one's business. GET YOUR FREE COPY TODAY! Email Terry@TerryMonroe.com Put FREE COPY in the subject line for your free copy of "Hidden Wealth", a ForbesBooks publication.
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I don’t want my readers to think what I have talked about with a business having bad numbers only applies to a small business because that is not the case. Of the seven businesses I mentioned, they range from businesses that are generating between $1,000,000 a year to $6,000,000 a year in income. And surprisingly, all of these businesses had either an accountant or a CPA that worked with each of the businesses, and yet their books and records were all messed up. And for all of you who are old enough to remember Gomer Pyle from “The Andy Griffith Show,” then you can hear him saying, “Surprise, surprise, surprise!”
The moral of this story is don’t be a Gomer and make sure you have clean numbers that can be traced back to each location, and we can prove where the money is coming from, and you will always get top dollar for your business. P.S. The author of this article is guilty of not keeping good books and records, too, and if you read my book, “Hidden Wealth,” you will see where I had to pay Arthur Andersen $400,000.00 to clean up my books before going public, and yes, I had to give the buyer a discount. Ugh! –Terry Monroe
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