The Journey Beyond the Sale: Lessons from John Rood's Exit

The Exit - Presented By Flippa

Technology

5 • 2K Ratings

🗓️ 11 March 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on The Exit: John Rood, author of "Beyond the Exit", shares his journey of exiting his test prep business, Next Step Test Preparation, and the challenges he faced post-exit, including uncertainty, depression, and illness. He discusses the importance of planning for your future beyond the exit, highlighting the need for entrepreneurs to envision their post-exit lives and embrace the transition. He also provides insights from his upcoming book, which includes interviews with 71 entrepreneurs who have undergone similar experiences. For more details and insights from his entrepreneurial journey, listen to the latest episode of The Exit. John Rood is an entrepreneur who loves building companies and who is currently working on Proceptual, a platform for compliance with emerging regulation of Artificial Intelligence and Machine Learning. John was co-founder and CEO at Next Step Test Preparation, which grew from a bootstrapped two-person tutoring operation to a national leader in high-stakes exam preparation in the health sciences. Next Step Test Preparation was acquired by private equity in 2018. Today, John recruits great teams and sets them up for success with strategic clarity, operational excellence, and a focus on results. LinkedIn: https://www.linkedin.com/in/johnrood1/ X (Twitter): https://twitter.com/johnrood His Book: https://beyondtheexitbook.com/ For a Free Flippa Business Valuation: https://flippa.com/exit -- The Exit—Presented By Flippa: A 30-minute podcast featuring expert entrepreneurs who have been there and done it. The Exit talks to operators who have bought and sold a business. You’ll learn how they did it, why they did it, and get exposure to the world of exits, a world occupied by a small few, but accessible to many. To listen to the podcast or get daily listing updates, click on flippa.com/the-exit-podcast/

Transcript

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0:00.0	Hello and welcome to the exit presented by Flip Up the number one platform to buy and sell online businesses
0:05.9	Flipa manages over a billion in deal value annually and combines expert buy and sell side advisory with its market
0:13.0	leading valuation tool, deal room, off market offering,
0:16.3	market insights, an AI-based deal by deal matching engine.
0:20.7	Now for the exit.
0:22.0	The exit is a 30 minute podcast featuring awesome
0:24.4	entrepreneurs who have been there and they have done it. The exit talks to
0:27.6	operators who have bought and sold businesses of all different sizes. You learn
0:31.5	how they did it, why they did it and get
0:33.8	exposure to the world of exits it's a world occupied by a small few but
0:38.2	accessible to many on this episode of the exit I sit down with John Rood.
0:43.3	He's the author of Beyond the Exit and currently the founder of Perceptual.
0:48.4	He's a fantastic entrepreneur who walks through his journey of exiting his tutor business in the education space and boy
0:55.3	this was a really deep interview. We talk a lot about just the trials and tribulations
1:01.2	after the exit and just how to plan for the future.
1:06.4	We really dig deep into uncertainty, you know, the depression and illness and things like that
1:12.0	that happened after you go from, you know, going to and So we talked about the roll up that acquired his business and just all of the really cool
1:26.3	details here about starting up his new company and also this book that he's been writing where he interviewed
1:32.4	71 awesome entrepreneurs who have gone through something similar.
1:37.0	So fantastic end to end, you guys aren't going to want to miss, stay around to the end.
1:42.0	There's a special detail that John is going to
1:44.7	mention to everyone, so you're not going to want to miss that. So without
	...

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