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by Terry Monroe (Author)
CASH IN ON THE TRUE VALUE OF YOUR BUSINESS
If you are planning to sell or are considering selling your business in the next twelve to twenty-four months, you need to start planning now. But where do you even start?
In Hidden Wealth, accomplished advisor Terry Monroe shares stories of successful businesspeople who, without knowing, left millions of hard-earned dollars on the table because of their lack of knowledge. Worse yet is the self-inflicted mental strain and grief that can occur when selling a business. Inside, you'll learn how to recognize your situation, deal with the business that you have built over the years, and maximize the money you will receive when you do decide to cash out of the business.
Having been both a buyer of businesses and a business owner of over forty different businesses, Terry knows firsthand what a business owner experiences physically, mentally, and emotionally. His experience of selling over eight hundred businesses and working with hundreds of business owners over the past thirty-five years gives him incredible insight into what really transpires between the business owner and their families.
It has always been said that we learn from our failures, not our successes, but the true sign of a successful individual is to be able to learn from someone else's failures and not your own.
Front Jacket
SELLING A BUSINESS IS NOT EASY. With so many things to consider, some confusion is understandable. How do you even know how much the business assets are worth, not to mention how much someone will actually pay for them? Terry Monroe understands your pain, and with Hidden Wealth, he details how any business owner can get maximum value from the sale of their business. You'll learn what to do or not to do ahead of time, which could save you time, money, and grief. Selling your business does not have to be a stressful event. With proper planning and execution, it can be the most exciting, and fruitful, time of your life.
Author Biography
TERRY MONROE is president and founder of American Business Brokers & Advisors, where he specializes in advising entrepreneurs who do not have a succession plan and are considering selling their business. He has helped hundreds of business owners develop an exit plan and enhance the value of their business. Terry also writes articles for many trade magazines and has been featured in USA Today, Inc., Entrepreneur magazine, and the Wall Street Journal over the years.
When Terry is not working with his clients, he likes adventure hiking and trekking mountains. Terry has summited some of the world's most famous peaks, including Mount Kilimanjaro in Tanzania, Mount Aconcagua in Argentina, and Mount Breithorn in Switzerland. Terry has volunteered in fundraising efforts for Golisano Children's Hospital of Southwest Florida, Hope for Haiti, Naples Community Hospital, and Duke University cancer research.
