Perhaps you have started to suspect you may need to sell your business rather than hand it down to your children. Here are a few indicators as to why you may want to consider selling the family business: 1. Your children are not interested in the business. If you run a profitable small business that […]
Top 10 Reasons Why Selling Your Own Business is a Bad Idea
Selling your own Business is a Bad Idea Over the years I’ve learned many things. One of which is, it’s never a good idea to try and broker your own transactions. This is true for houses, cars, boats, and yes, businesses. The following is a list of the top 10 reasons why selling your own […]
Looking Out for #1
It is that time of year again for me to visit the doctor for my annual checkup. Annual checkups are something we all do (or should do) to see what kind of shape we are in and to see if anything has changed from last year. You know what I am talking about: Do you […]
New Business Venture Anxiety
I don’t know about you, but I have read dozens and dozens of books and articles about long range planning and setting goals. And I must say that I am a very big believer of both of these concepts and can honestly say that I believe that they work and have seen them work for […]
The Lovefest is Over Between Partners
I just saw it happen again last week. I was meeting with a very successful convenience store operator who was interested in buying some convenience stores I am presently representing. I have known this particular convenience store operator for several years and have sold stores for him in the past. While I was sharing with […]
Buying Or Selling A Business? Why The Pandemic May Be The Right Time
In life we tend to view things with an emotional outlook rather than from a logical perspective. Of course, this is not what we tell ourselves. But in reality, all we are doing is trying to justify our emotional decisions. Which brings me to the question: Is now a good time to be doing business […]
Who is Terry Monroe?
I can best be described as a Professional Intermediary, with achievement degrees in Entrepreneurship, Education, Law, Accounting, Finance, Operations, Management and Psychology. I work primarily with privately owned businesses in helping them to decide if the time is right to sell their business and if so help them to prepare their business for sale. It […]
FAQs
How Do I Prepare for the Sale? Chapter 1 of my book “Hidden Wealth” The Secret to Getting Top Dollar for Your Business wastes no time addressing how a business owner prepares themselves for the selling of their business, because when selling ones business you can’t be “half pregnant”. I share stories of what to […]
Terry’s Philosophy
Having been a business buyer, start-up founder, creator of new business start ups, and an owner of over forty different businesses, I know firsthand what a business owner experiences physically, mentally, and emotionally as they prepare for sale. My experience selling over 800 businesses and working with hundreds of business owners over the past 35+ […]
3 Key Steps to Selling a Business in Good Times or Bad
The COVID-19 pandemic is putting people out of work, slowing down lots of industries, and causing businesses to close. But at the same time, an uncertain chapter in America’s economic history may provide opportunities for individuals looking for a fresh start – or a soft landing. Nearly half of small business owners in the U.S. are 65 and […]