Richard Yocum's Contact Details

Richard Yocum's Company Details

Owner Transitions LLC

Highland, MD, US • 5 - 9 Employees
Management Consulting

OT guides successful business owners through unique transitions to position the company for exit. Owners often have not had the time to focus on an exit strategy or vision for a future outside the business. We are sharply focused on having owners exceed financial goals and realize a worry-free transition into the next chapter of their lives. Our experience in diverse industries and unique analytical process provide a solid basis for navigating complex business transitions. Working with you, we take into account the essential tasks that lead to a gratifying and profitable outcome. We provide dedicated support to help you prepare, make personal and business choices, put the plans in place, and successfully conclude your move to your next chapter. Our Transitions Advisory Services focus on:►Maximizing value. Aim for strategic value vs. a strictly financial transaction.►Staging for a strategic sale. Preparing for transition often includes strengthening the balance sheet, the team, and competitive position. An acquisition may be considered to round out your offering and heighten the value.►Key employees. A transition often includes taking care of key employees and securing their cooperation through a sale — even a sale to employees.►Family. Will family have a future role in the business? Are they prepared for the transition? Will they have a role in the sale as current owners? Our guidance, sensitivity, and experience can help navigate this vital aspect of your choices.►Personal. Your legacy is important. How do you want your efforts and leadership to be remembered; realize fulfillment and enjoy this next phase of your life; what is important to you personally (protecting what you have built; what you will do next)?►Estate planning. Funding your future plans; minimizing the tax take, security and personal financial dimensions weigh on the strategy for exit and valuation for a strategic sale. We work with your trusted advisors to help determine these requirements.