Author Feature: Terry Lammers: Helping Business Owners Through Acquisition and Exit Strategy Planning
As a business owner, you’re constantly looking for ways to increase sales and profitability. But what happens when you’re ready to end things? Do you have an exit strategy in place for when it’s time to move on? Or what if business is booming, and you want to buy another company to expand yours? Do you know what to do? Most people don’t, and they can end up in financial ruin. But with the right guidance and insight, you can do it.
Meet Terry Lammers, Certified Valuation Analyst and Co-Founder of Innovative Business Advisors
Terry was the President and Owner of a wholesale fuel and lubricants supplier for over twenty years. From 1992 until the company was sold in 2010, he grew that business from $750k in sales to over $40 million dollars with the successful acquisition of eleven different companies. In 2010, he decided to sell his business and spent a few years as Vice President of Commercial Banking for one of the largest banks in the St. Louis metro area. In 2014, he took his expertise in buying and selling companies and teamed up with Dave Kunkel, and they started Innovative Business Advisors, a company whose main line of business is to help people buy and sell companies, conduct business valuations, and create exit planning strategies.
Grow Your Business Through Acquisitions and Formulate an Exit Strategy
Because of his successful business career in buying and selling businesses, Terry came to us with a book idea to guide other business owners who seek to go through the same process. There are critical steps that must be taken to avoid a pitfall in an acquisition, and sometimes you don’t know what you don’t know. Hence, the title of Terry’s new book: You Don’t Know What You Don’t Know: Everything You Need to Know to Buy or Sell a Business. The purpose of Terry’s book is to show business owners who are seeking an exit strategy and people who want to purchase a company the critical steps and resources needed to buy or sell a company. The book will be available in August 2017. Mark your calendars. You won’t want to miss this one!
If you or someone you know has always wanted to write a book, reach out to us, and we can help make it happen!