#5: Successful Sale of a Social Media Agency with Paul Harrison, Carve

Welcome to The Exit Plan, a podcast for business owners interested in learning more about selling their business.

In this episode, we have Paul Harrison from Carve, now part of Radancy. Paul shares the genesis of Carve, born out of an unexpected job loss in 2006, which led him and his wife to take a leap of faith and start the company, initially offering blog services before evolving into a successful social media consulting firm.

Paul discusses Carve's acquisition by Radancy, detailing the exploration of various offers and the positive meeting in New York City that led to the acceptance of Radancy's offer.

Join this episode to learn how Paul's unwavering dedication, combined with a shared vision between Carve and Radancy, has led to an exciting new chapter for both companies, poised for even greater success in the dynamic world of social media and recruitment marketing.

WHAT YOU WILL LEARN:

• Paul Harrison's background and founding of Carve

• Carve's unexpected origin and early growth

• Challenges faced during Carve's growth phase

• Consideration of selling the business and finding the right fit with Radancy

• Radancy's perspective on the value of Carve and its potential for growth

• Structure of the deal, including cash, shares, and revenue incentives

• Reflection on the deal and lessons learned

CONNECT WITH PAUL:

• LinkedIn | www.linkedin.com/in/paulharrison

• Radancy Website | radancy.com

• Twitter | @PaulCHarrison

• Facebook | Carve Consulting: Social Media Strategy

CONNECT WITH ME

• LinkedIn | Barnaby Cook

THE EXIT PLAN

The Exit Plan is for business owners that are interested in learning more about how to sell their business. Each episode Barnaby Cook interviews someone who has bought or sold a business - either a creative agency, or a production company. The conversation gets under the skin of why they wanted to sell, or were looking to acquire, how the deal was structured, how they agreed upon a valuation and what lessons they learnt along the way.