156: Business Exit with Ron Chernak
The How of Business - How to start, run, grow and exit a small business.
Henry Lopez, Levante Business Group
4.7 • 522 Ratings
🗓️ 16 October 2017
⏱️ 51 minutes
🧾️ Download transcript
Summary
Business Exit, including selling, with business broker Ronald "Ron" Chernak. Ron is a business owner, attorney, CPA, real estate broker and owner of The FBB Group – a business brokerage based in Colorado. Ron shares valuable tips and advice to help you prepare to exit (sell, transfer, transition, etc.) your small business.
This episode is hosted by Henry Lopez. The How of Business podcast focuses on helping you start, run, grow and exit your small business. The How of Business is a top-rated podcast for small business owners and entrepreneurs. Find the best podcast, small business coaching, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com
Transcript
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| 0:00.0 | Welcome to the how of business with your host, Henry Lopez, the podcast that helps you start, run, and grow your small business. |
| 0:13.0 | And now, here is your host. |
| 0:16.0 | My guest today is Ronald Chernak, who's the founder of the FBB Group here in Colorado Springs in Denver. |
| 0:22.1 | To give a little background on Ron, Ron practiced law before he founded FBB Group in Chicago |
| 0:28.9 | for a 175 member law firm. |
| 0:31.8 | He's got a CPA certificate from Illinois, and is currently a licensed Colorado real estate broker and is licensed also to |
| 0:39.4 | practice law in Colorado. So he's an attorney as well. He's got a FINRA Series 79 securities license. |
| 0:46.5 | And Ron is also a certified business intermediary, a CBI, and a merger and acquisitions |
| 0:52.3 | master intermediary, which is an M&A MI designation, and it's the highest level of accreditation in the industry. |
| 1:01.0 | Ron's got extensive experience in contract and lease negotiations, financial planning, and financing, and he's a very active member in the community here in Colorado Springs. |
| 1:11.0 | He was the former chairman of the board of the Colorado Springs Chamber of Commerce, |
| 1:15.2 | the Southern Colorado Economic Forum. |
| 1:17.1 | He was a founding sponsor for them, and also a Rotary Club member. |
| 1:20.9 | Ron has also served as chairman and director for the board of numerous business brokers committees and organizations, such as the International |
| 1:29.7 | Business Brokers Association, IBBA. |
| 1:32.1 | He was the chairman of that. |
| 1:33.8 | It's a premier industry trade association, and he's been chairman of the M&A source, the country's |
| 1:39.4 | largest association of middle market intermediaries. |
| 1:42.6 | So we've got a great guest today. |
| 1:47.0 | And Ron, I appreciate you taking time to visit with us. |
| 1:48.4 | Well, David, it's good to be here. |
| 1:49.1 | Yeah, thanks so much. Thanks for inviting me. |
... |
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