Exit Consultant John Ovrom

In this episode I am joined by John Ovrom, founder of Exit Consulting, which provides consulting and brokerage services for businesses and owners to prepare for and execute a sale or similar change in ownership. John is a specialist in creating roadmaps for business owners anticipating a transition. John shares from his experience helping parents transfer ownership to the next generation, owners sell to key employees, businesses establish an Employee Stock Option Plan, partners buy in or sell out, orchestrate outside sales transactions, and sellers create long-term exit plans. John partners with business owners to define success, develop specific goals, and establish a plan of action to achieve them.  He shares his experience creating lasting value for clients with solutions to business challenges and his deep understanding of the complexities, unknowns, and pressures of selling a business. A serial entrepreneur, John understands the day-to-day challenges of running a business. He’s founded and owned large and small companies with 1-50 employees.

Selling a business is the American dream, the pot of gold at the end of the rainbow, the reward for years of hard work. Successful entrepreneurs make countless sacrifices in hopes that they would someday reap the benefits of their labor and live a new life of vacations, recreation, and prosperity.

You only exit your business once, so you should feel confident passing this milestone. A successful business exit reflects the preparation done beforehand. Failing to plan is planning to fail.

The owner of a privately held company has several alternatives on how to exit their business. In the absence of an exit strategy, events will inexorably dictate the final exit plan. A costly involuntary exit may be caused by death, disability, divorce, disagreement, or distress.

Selling Your Business with David King will help you take control of the sale process and make it positive one.