Mar 26, 2024
John Ovrom is the embodiment of entrepreneurial spirit, channeling his vigor into a successful construction business built alongside his family. With the experience of growth, acquisition, and the rewarding challenge of diversification under his belt, he transitioned from owner to consultant, guiding others through the intricate dance of business exit strategies.
His firm, Exit Consulting, manifests John's expertise and empathetic approach to mentoring business owners grappling with the emotional and logistical complexities of selling their life's work. Stitching together a narrative of transformation and new beginnings, John's journey underscores the value of professional guidance and the art of gracefully stepping away to embrace change.
I chat with him about figuring out your exit plan, when to implement it, and what to expect afterward.
"What is the definition of an exit? Is an exit the last check you receive from the payoff? Is it the last day you worked after staying on for a year or two or three for your earn out? Is it that day? Because then you still give it. Is it the day you close?"
Topics discussed in this episode:
- Letting go of control for sale
2. Embracing change for business readiness
3. Emotional aspects of business exit
4. Challenges in price increases
5. Importance of management systems
6. Setting goals for exit strategy
7. Value of exit planning consulting
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Follow John at
Email at jovrom@exitconsultinggroup.com
LinkedIn at https://www.linkedin.com/in/johnovrom/
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Thanks for tuning into this episode of Exit Plan!