American Business Brokers - February 2022

QUALITY SLEEP PROMOTES HEALTHY AGING

The Importance of a Good Night’s Rest

Sleep is an essential part of our lives, but it becomes even more important as we get older, as it’s a necessity for healthy aging and staying energized. Ideally, everyone should sleep between 7.5–9 hours a night, but as we get older, this becomes much harder to achieve. Health complaints, minor disturbances, and a decrease in melatonin levels make it difficult for seniors to get a full night of sleep, which can cause irritability and fatigue.

In order to combat these disturbances, here are a few things you can do to ensure you get enough sleep during the night.

BUILD AN ACTIVE DAILY ROUTINE.

REGULATE YOUR SLEEP SCHEDULE.

Outdoor exercise and general movement every day is good for your body, but being outside and absorbing sunlight can balance and optimize your melatonin levels, which can help you fall asleep easier. On top of exercise, try weaving protein-rich snacks and meals into your routine. Foods like light meat and nuts can improve sleep quality, and dairy foods contain tryptophan, which is a sleep-promoting chemical.

Keeping the same schedule for sleeping can reap immediate benefits. You will notice increased alertness during waking hours as well as enhanced memory and attention span. You may also start to feel tired around the same time every day, ensuring that you will actually go to sleep right on schedule. It can take time and patience to adjust to new habits to improve sleep, especially for the elderly. It won’t happen overnight, but the benefits that come with a better night’s sleep will have you feeling younger and healthier than ever before. If anything, you will feel more engaged and happier throughout your daily life. 2. NEGOTIATING THE DEAL You can’t negotiate for yourself and get the best results. There is a reason why celebrities, athletes, and politicians hire professional negotiators to work for them. This is something I had to learn firsthand. 3. FINDING BUYERS When you specialize in a certain industry, we all tend to know who the top buyers are at the present time. This is a top priority, but surprisingly, it’s not the No. 1 response from the survey. 4. LIMITING DISTRACTIONS A business owner needs to do what they do best, which is running their business. On the other side, the business owner needs to let me do what I do best. Trying to run your business efficiently while also selling your business at the same time is a recipe for disaster. 5. ESTABLISHING CREDIBILITY THAT THE OWNER IS SERIOUS ABOUT SELLING By using an M&A advisor, the prospective buyer knows all parties are serious about selling the business. They would not have created the marketing materials needed to facilitate the sale of the business or engaged a professional in the process of selling the business if they weren’t serious. Send me an email at Terry@TerryMonroe.com to learn more about the process of preparing your business for sale. I will send you a FREE copy of my book “Hidden Wealth: The Secret to Getting Top Dollar for Your Business” if you mention “M&A ADVISOR” and give your mailing address.

ELIMINATE UNHEALTHY SUBSTANCES.

Limit your intake of caffeine and sugar throughout the day — especially right before bed — for better rest. It’s also best not to drink anything about an hour before bed, so you don’t wake up in the middle of the night to use the restroom and disrupt your sleep.

5 REASONS TO HIRE A M&A ADVISOR

I’m often asked why a business owner should hire me to represent them in the selling of their business. I’ve always had my own opinions on the matter, but they were recently verified by a survey that I came across. Over 80 former business owners were asked where a merger & acquisitions (M&A)

advisor adds the most value. People often think that the top answer is “finding a buyer for the business,” but that’s simply not the case. Here are five areas where an M&A advisor adds more value. 1. MANAGING THE SALES PROCESS When I present a business owner with an offer, they often look at me and say, “This is great, but what do we do now?” Having done this countless times, I sometimes forget that they don’t know what the process is to get the sale completed.

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