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 […]
Are you Addicted to Your Business?
For all human beings, experiences create certain emotions. When an experience occurs, the brain registers it though charges in its neural network. This is true as science has proven for all human beings. So, if we take this chemical reaction and understand it, we can extrapolate the noting that your body may have a physical […]
The Day After You Sell Your Business
A few months ago, I met with a gentleman who wanted to know what his business was worth. He had been in business for quite a while and had achieved considerable success. He knew the marketplace was paying top dollar for businesses like his, and that there would not be a better time to sell […]
Life is Always About Timing
Recently I was asked to give a presentation to a group of convenience store owners at a one of the State association conventions and the topic of the presentation was to share with the audience the state of the convenience store industry regarding the continuing consolidation that is occurring. The theme of my presentation was […]