Podcasts about esop

In this episode, host David Mandell welcomes Bob Goettling, a seasoned investment banker and legal expert with over 30 years of experience in healthcare transactions, to discuss the emerging relevance of ESOPs (Employee Stock Ownership Plans) for physician practices. Goettling shares his professional journey, from early M&A work to helping physician groups explore monetization options, including ESOPs as a potentially powerful but underutilized tool.  Bob breaks down the core structure and history of ESOPs, describing them as trust-based leveraged buyouts that allow physicians and employees to own their practice while benefiting from significant tax advantages. He explains how the Bloom Organization itself became an ESOP nearly a decade ago, and how his team has since developed a tailored hybrid ESOP model for medical practices, especially as interest in private equity has cooled due to rising interest rates and negative post-deal experiences. While ESOPs offer clear advantages—like retaining control and optimizing tax outcomes—they also come with complexity. Goettling stresses the importance of choosing the right advisors and ensuring a strong internal management structure. Not every practice is a good fit; size, structure, and strategic alignment are critical factors. The episode offers high-level insight into how ESOPs work, who they benefit, and what red flags to watch for in considering this alternative to traditional M&A routes. KEY INSIGHTS ESOP stands for Employee Stock Ownership Plan and enables employees to become beneficial owners through a trust structure. Originally introduced in the 1950s, ESOPs gained traction in the 1970s due to government incentives. Goettling and his team at Bloom implemented an ESOP for their own firm nearly 10 years ago and now advise physician groups on doing the same. Tax benefits are significant: ESOP sellers can defer or eliminate capital gains, and the entity itself becomes tax-exempt. ESOPs allow physicians to monetize their practice without surrendering control, unlike private equity deals. The model is ideal for larger practices (15–20+ physicians) with existing governance (boards, CEOs, CFOs). Complexity is a key barrier—ESOPs involve oversight from both the IRS and Department of Labor. Hybrid ESOP models can account for partners, junior doctors, staff, and even future hires. Mistakes often stem from poor advisory choices; experience with ESOPs is essential to avoid pitfalls. ESOPs can be a game-changer for practices looking to stay independent while scaling strategically. Learn more, including additional show notes, links, and detailed key takeaways, by visiting physicianswealthpodcast.com. Click here to get your FREE copy of our latest book, Wealth Strategies for Today's Physician!

In this episode of the On Track Podcast, President & COO Eric Ritchie sits down with Vice President of HR Amanda Martin, Northern Maine Regional Manager Tim LePage, and Vice President of Accounting & Administration Carey Sheehan to unpack the brand‑new Sargent Leadership Academy—an in‑house, 12‑day program designed to give current and emerging leaders the hard and soft skills they'll need to help steer the company's growth. The group shares how a field‑born idea from Project Engineer Joe Frazier grew into a curriculum co‑taught by Sargent leaders and partner firm WellBuilt, covering everything from estimating drills and time‑management hacks to Finance 101 and ESOP fundamentals. Along the way, they reflect on the power of mutual understanding across departments, the importance of succession planning, and the value of “Investing in People.”If you liked this week's episode and are interested in becoming an Employee-Owner at Sargent, please visit our careers page on the Sargent website. https://sargent.us/apply/If you have an episode suggestion, please send your idea to:sbennage@sargent.us

Power Rangers are an excellent example of strength in combining multiple superheroes on one team. On this episode we consider: What is your company worth?  What happens when we combine it with another then another? The value could significantly change for better multiples and for multiple reasons.  One of those would be a larger combined EBITDA with a reduction in redundant expenses.  Another could be the risk profile is reduced given larger geographic and higher diversification of revenue. Whether you sell to an ESOP or another buyer, through this podcast episode we discuss the multiple reasons to consider this approach. 

In this episode of the On Track Podcast, President Eric Ritchie sits down with CEO Herb Sargent and newly promoted Vice Presidents/Chief Operating Officers Doug Morrison (North) and Justin Porter (South) to reveal the company's new dual‑COO structure, explain how it supports Sargent's succession plan, and share what “responsible growth” looks like in both New England and the Mid‑Atlantic. The conversation traces Doug's and Justin's 20-plus-year journeys from “glorified laborers” to regional leaders, unpacks why the move strengthens local decision‑making and keeps the ESOP culture front‑and‑center, and offers an inside look at future expansion opportunities. You'll also hear ESOP‑Month excitement: the latest Price-Is-Right question on the Profit Sharing True-Up Bonus!If you liked this week's episode and are interested in becoming an Employee-Owner at Sargent, please visit our careers page on the Sargent website. https://sargent.us/apply/If you have an episode suggestion, please send your idea to:sbennage@sargent.us

In this episode of the On Track Podcast, President & COO Eric Ritchie sits down with Assistant Equipment Manager Brandon Mace to explore why “taking CARE” of Sargent's iron is just as critical to success as taking care of its people. They unpack data on how trimming idle time is already saving the company hundreds of thousands of dollars (and adding real ESOP value), walk through simple daily inspections that prevent costly breakdowns and injuries, and celebrate the donation of a late-model excavator to Eastern Maine Community College's Diesel Tech program. Eric and Brandon also look ahead at fleet technology—from AI diagnostics to the coming wave of electrification—before Eric, Herb, and Tasha fire up Price-Is-Right ESOP trivia!If you liked this week's episode and are interested in becoming an Employee-Owner at Sargent, please visit our careers page on the Sargent website. https://sargent.us/apply/If you have an episode suggestion, please send your idea to:sbennage@sargent.us

What do horse manure, pilot school, Paulownia trees, and billion-dollar investments have in common? Steve Distante. In this episode of On The Homefront, Jeff Dudan sits down with Steve Distante—impact investor, founder of Vanderbilt Financial Group, and author of Entrepreneur Land. From starting his first hustle selling horse poop to building a sustainable empire focused on purpose over profit, Steve opens up about leadership, culture, and navigating risk as an entrepreneur. Discover how he turned frustration with corporate greed into a mission to change the world through sustainable finance. He shares lessons from building a 400-acre Paulownia farm, stories about entrepreneurial betrayal, the DNA of impact-driven businesses, and how to harness your full potential at any stage in life.

In this episode, we sit down with Kevin Birch, Regional Manager at CNA Surety, to explore best practices for contractor ESOPs. A key theme throughout our conversation is communication—and lots of it. One of the biggest mistakes a contractor can make is surprising their surety with news of an ESOP transaction. Kevin strongly recommends that contractors—whether general or specialty—get their surety agent and company involved early in the process. Doing so allows the proposed ESOP structure to be reviewed and vetted, ensuring buy-in from your surety partner. Throughout the podcast we discuss how critical it is to present models that illustrate valuation, cash flow projections, debt structure, and pro forma balance sheets. These elements are essential for the surety to properly underwrite the transition and help avoid issues with your bonding line after the ESOP is in place. 

There are many myths about ESOPs — that they're complicated or that once within its structure a company owner loses control, or that banks won't lend to them. David Solomon, a member at Levenfeld Pearlstein and head of the firm's Employee Stock Ownership Plan practice, is here to bust those myths. In this episode, David sets the record straight on what an ESOP is — and what it isn't.

In this clip, ESOP Association President Jim Bonham speaks at the 2025 Employee Ownership Ideas Forum. For additional resources, visit our website: https://www.aspeninstitute.org/videos/esop-association-president-jim-bonham-speaks-at-the-2025-employee-ownership-ideas-forum/ Or subscribe to our podcast and listen on the go: https://creators.spotify.com/pod/profile/aspeneop/For other session videos, visit the Aspen Institute Economic Opportunities Program on YouTube: https://www.youtube.com/@aspeneopThe 2025 Employee Ownership Ideas Forum took place on April 9-10, 2025, virtually and in Washington DC. The Forum is proudly co-hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University.This year's theme, “From Workers to Owners,” highlights how the experience of ownership changes the reality of work for workers. The forum highlights companies in a range of business sectors and explores how employee ownership fits their business strategy and approach to business leadership. We also discuss the particular role employee ownership can play in supporting business success, and we consider the role institutional investors can play in improving capital access for employee ownership conversions and expansions.For more information about the Employee Ownership Ideas Forum, including our speakers, agenda, and additional resources, visit our website: https://www.aspeninstitute.org/events/employee-ownership-ideas-forum-2025/

To get your dose of daily business news, tune into Mint Top of the Morning on Mint Podcasts available on all audio streaming platforms.⁠https://open.spotify.com/show/7x8Nv1RlOKyMV5IftIJwP1?si=bf5ecbaedd8f4ddc⁠ 1.⁠ ⁠YouTube Doubles Down on India's Creator Economy YouTube CEO Neal Mohan, at the WAVES 2025 summit, pledged an additional ₹8.5 billion to India's creator ecosystem, on top of ₹210 billion already invested over the past three years. With over 100 million Indian channels uploading in 2024 and more than 15,000 surpassing 1 million subscribers, Mohan called India a rising “Creator Nation.” The platform clocked 45 billion watch hours from Indian content last year alone. Backing this digital momentum, the Indian government announced a $1 billion creator economy fund and the launch of the Indian Institute of Creative Technology (IICT) in Mumbai, supported by global tech giants like Nvidia, Google, Apple, and Meta. 2.⁠ ⁠India-Pakistan Border Tensions Escalate Post Pahalgam Attack Following the April 22 terror attack in Pahalgam that killed 26 civilians, Pakistan has intensified military deployments across the India border. Radar systems and Chinese SH-15 howitzers were positioned in Rajasthan's Longewala sector. The Pakistan Air Force launched large-scale exercises involving F-16s, J-10s, and JF-17s, signaling heightened readiness. India, in turn, suspended the Indus Waters Treaty, calling out Pakistan's alleged cross-border terror links. The geopolitical mood remains tense, with both countries maintaining high alert levels. 3.⁠ ⁠Pre-IPO Funding Faces Chill as Markets Wobble Volatile public markets have started to dent private funding too—especially pre-IPO deals. Investors, including HNIs and family offices, are pushing for discounted valuations, stricter terms, and longer timelines before committing funds. Big names like Zepto, Groww, and Cred are said to be in talks, but several deals are being renegotiated or delayed. While 2024 saw $355 million raised across 17 pre-IPO deals, caution is now the dominant theme. Weak post-listing performances by firms like Ola Electric and Swiggy, and the broader 7% decline in Nifty since September, have soured sentiment. 4.⁠ ⁠Markets Cautious, But India Still a Bright Spot A Mint survey of 30 investment professionals reveals that while volatility is expected to remain high—thanks to Trump's tariff war and domestic uncertainty—India may still emerge as a relatively stable investment zone. Over 77% of experts expect continued choppiness over the next quarter, though 63% believe large-cap stocks now offer attractive entry points. Mid- and small-cap stocks remain under watch after sharp corrections. Gold, meanwhile, is shining bright—up 31% in 2025 so far—and expected to outperform equities again if global turbulence persists. IPOs have largely dried up, but 53% of analysts see a cautious revival in high-quality names later this year. 5.⁠ ⁠Sebi Clears IndusInd Execs of Insider Trading Sebi has closed its investigation into insider trading allegations against IndusInd Bank's former CEO Sumant Kathpalia and deputy CEO Arun Khurana. It found all ESOP-related trades were disclosed and occurred post-vesting. However, a forensic audit revealed Khurana had knowledge of the incorrect forex derivative accounting that caused a ₹1,960 crore hit. While insider trading wasn't established, governance questions linger. The bank is still grappling with reputational fallout amid ongoing regulatory scrutiny.

In this episode of the On Track Podcast, President & COO Eric Ritchie welcomes ESOP retirees Chip Laite and Dennis Bernard for a conversation about their far-flung careers—from Aroostook County, Maine, to Mid-Atlantic landfills—the mentors who shaped them, and how employee-ownership has boosted their post-Sargent lives. Along the way, Eric, CEO Herb Sargent, and VP-Finance & CFO Tasha swap stock-price reveal reactions, and Tasha tees up more Sargent ESOP Month contests!If you liked this week's episode and are interested in becoming an Employee-Owner at Sargent, please visit our careers page on the Sargent website. https://sargent.us/apply/If you have an episode suggestion, please send your idea to:sbennage@sargent.us

Ever thought about using an Employee Stock Ownership Plan (ESOP) as a way to transition your business? In this episode, Adam Hill sits down with ESOP expert Kelly Finnell to break down how these plans work, why they're the best move for some family-owned businesses, and what it really takes to put one in place.They'll cover how ESOPs can protect your company's culture, reward your team, and offer a meaningful path to succession—all while keeping the heart of the business intact.0:00 Intro5:37 Kelly's journey as an ESOP pioneer19:22 Tax benefits and "losers" in ESOP transactions25:52 Minimum requirements for ESOP candidates31:43 ESOPs in different industries and cultures36:32 Governance structures in ESOP companies40:11 The concept of compassionate capitalism43:42 How owners can prepare for ESOPsResources Mentioned:The ESOP Coach by Kelly FinnellEFS ESOP ConsultantsEmail: adam.hill@eosworldwide.comFollow Adam:IG: @theadamchillYouTube: @adamchillLinkedIn: https://www.linkedin.com/in/adamchill

Subscribe to Real Leaders+ to gain access to these events when they happen live: https://real-leaders.com/subscribeEmployee ownership isn't just a trend—it's a powerful strategy to drive growth, build alignment, and leave a lasting legacy. Darin Anderson, Chairman & CEO of Salas O'Brien, shares the company's journey from single owner to closely held ownership, to an ESOP, and finally to a thriving direct ownership model with 90% employee participation. This session delivers actionable strategies to implement ownership models, engage teams, and create sustainable, employee-centric organizations that deliver exceptional results.Session Objectives:Underscore why employee-ownership is a valuable and beneficial model.Outline the key considerations and challenges of implementing employee ownership structures, including their impact on growth, culture, and financial performance.Explore effective communication strategies to align team members with the vision of ownership and build an ownership mindset.Share practical pathways for opening ownership opportunities to employees and fostering a sense of shared purpose.

You want to sell your business—but not to some corporate buyer who's going to gut your team and toss your legacy aside. What if there's another way?In this episode, Scott Peper, our CEO and Founder, sits down with Manny Calzon, Managing Director at Ambrose Advisors, to unpack ESOPs—Employee Stock Ownership Plans—and why they're one of the most misunderstood (but powerful) exit options for construction business owners.You'll learn:

Terry Crocker, CEO of Tropical Texas Behavioral Health, holds master's degrees in psychology and business. Since 2003, Terry has led the agency's growth into one of Texas's largest community centers, now serving 34,000 people annually with a $123M budget and 1,400 staff. Honors include Behavioral Healthcare Champion (2013), the National Council's Visionary Leadership Award (2018), and appointment as an inaugural Commissioner on the Texas Judicial Commission on Mental Health.Scott Hayes is President and CEO of ISC Group, Inc., based in Dallas. With 30 years of industry experience, he joined ISC in 1997. Scott is a past president of the American Retirement Association and NTSAA, and served on the ASPPA Board. He's a founding member and contributor to 403(b) Advisor magazine and currently serves on the board of the Texas Public Plan Coalition.Mannix Smith brings 28 years of experience in defined contribution, ESOP, and executive benefit plans, including 27 years with ISC Group. For the past decade, Mannix has led retirement plan strategy, compliance, and relationship management at ISC, overseeing key programs and client partnerships.In this episode, Eric, Terry, Scott, and Mannix discuss:Engaging employees about company benefits and earning their trustMaximizing retirement optionsEngage through presence and educationLeverage plan design for growthUphold fiduciary and financial excellenceKey Takeaways:For eligible government entities, contribute fully to both 457(b) and 403(b) plans. Take advantage of unique plan features that are part of a 457(b). Understand the strategic layering of 401(a), 457(b), and 403(b) plans for greater retirement flexibility.Promote benefits actively. Offer regular communication and face-to-face consultations. Build trust and increase participation through consistent, visible leadership.Encourage enrollment through generous matching programs. Consider the best use of forfeitures to support benefit enhancements. Structure plans to drive long-term participation and asset growth.Conduct quarterly investment reviews. Monitor advisor performance carefully. Maintain adequate reserves and use professional strategies focused on liquidity, safety, and return.“Take the time out to listen to the client's needs, to understand exactly what they are asking of you” - Mannix SmithConnect with Mannix Smith: https://www.linkedin.com/in/mannix-o-smith-5802b728/Connect with Scott Hayes: https://www.linkedin.com/in/scotthayescfa/Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information and content of this podcast is general in nature and is provided solely for educational and informational purposes. It is believed to be accurate and reliable as of the posting date but may be subject to changeIt is not intended to provide a specific recommendation for any type of product or service discussed in this presentation or to provide any warranties, investment advice, financial advice, tax, plan design or legal advice (unless otherwise specifically indicated). Please consult your own independent advisor as to any investment, tax, or legal statements made.The specific facts and circumstances of all qualified plans can vary and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.

The show “Band of Brothers” offers a perfect example of leadership from the character of Captain Sobel and provides examples of overcoming obstacles to establish a strong culture. Specifically, the show provides an example of an employee-centric culture: a culture that embodies a solid group of employees ultimately banding together.  This episode covers the 5 c's of an employee-centric culture: Commitment; Care; Celebration; Communication and Community. The topic might be helpful to assess wherever you are in your journey to an ESOP as you build, improve, or sustain the culture of your business. 

In this episode, hosts Corey Smith and Erick Jauregui sit down with Robert Migliaccio of Valley CMA to discuss one of the automotive industry's biggest challenges: the fixed ops talent crisis. With over 25 years of experience and oversight of multiple CMA Value stores, Robert shares hard-earned wisdom and forward-thinking strategies for redefining the service advisor role, retaining top talent, and creating a workplace culture that attracts the next generation.From implementing ESOP-driven pay plans to emphasizing career development and work-life balance, this episode is packed with practical takeaways for dealership leaders looking to build stronger, more sustainable teams. They also touch on how technology and automation are shaping the future of service departments.Whether you're struggling with staffing or looking to elevate your service team, this is one conversation you don't want to miss.Tune in now and take the next step FWRD

Watch us on YouTube!Paul and Ed discuss the standards for employee stock options pools and how a portfolio company can deal with a unique situation. More large AI models are adopting a common protocol for how to transfer data. Lastly, Paul brings up some important points from the CEO of Shopify. We'd love it if you'd leave us a rating.  It takes less than a minute and really helps us out.  Just click here!If you've got a comment or question for the show, you can e-mail us at show@resultsjunkies.com.  You can find Paul and Ed  online @paulsingh and @pizzainmotion.

Most restaurateurs build concepts around a menu or a chef. Justin Cucci built Edible Beats around a philosophy—one that's challenged conventional wisdom and redefined what restaurant success looks like. From turning historic spaces into thriving concepts to pioneering an employee-owned business model, Justin has proven that restaurants can be both financially sustainable and deeply meaningful. In this episode, we dig into why he bet on an ESOP model, how he scaled without losing soul, and what the next decade of restaurant leadership should look like. If you've ever wondered how to grow without compromising your values, this conversation is for you.To learn more about Edible Beats and how they're reshaping restaurant culture, visit https://www.ediblebeats.com.____________________________________________________________Full Comp is brought to you by Yelp for Restaurants: In July 2020, a few hundred employees formed Yelp for Restaurants. Our goal is to build tools that help restaurateurs do more with limited time.We have a lot more content coming your way! Be sure to check out our other content:Yelp for Restaurants PodcastsRestaurant expert videos & webinars

In this episode of the On Track Podcast, Marketing & Communications Coordinator Sebastian Bennage attends the last set of New England all-employee meetings and interviews foremen, mechanics, shop veterans, new hires, and CEO Herb Sargent to talk about camaraderie, safety first, and the excitement of seeing this year's ESOP stock‑price jump. From decades-long employee‑owners reflecting on how far the company (and their retirement accounts) have come to brand‑new teammates admiring the family atmosphere, everyone is on the same page by sticking to the basics and planning a strong start to the year.If you liked this week's episode and are interested in becoming an Employee-Owner at Sargent, please visit our careers page on the Sargent website. https://sargent.us/apply/If you have an episode suggestion, please send your idea to:sbennage@sargent.us

Business owners planning their next chapter often face a tough decision: how to exit without compromising their legacy or selling to private equity.As baby boomers age out of ownership, many are turning to Employee Stock Ownership Plans (ESOPs) for their unique blend of liquidity, tax benefits, and cultural continuity. Yet, understanding the mechanics and long-term impact of an ESOP can feel overwhelming.Join Matt Di Francesco and Kelly Finnell, Premier ESOP Consultant and President at EFS ESOP Consultants, as they explore how ESOPs offer business owners a powerful way to exit on their terms—while turning employees into owners and preserving what matters most.Matt and Kelly also talk about:(02:30) Why are more business owners turning to ESOPs(05:45) What is an ESOP?(06:29) Three key ways ESOPs provide more than just a retirement plan(07:58) How ESOPs provide a powerful performance incentive(08:19) Can a 401(k) and an ESOP work together?(09:33) How are ESOP shares distributed among employees?(10:56) How ESOP shares are valued(12:28) Who should be the trustee of your ESOP trust(19:03) Why 95% of 100% ESOP-owned companies are S-Corps(22:03) What type of business would be a good candidate for an ESOP?(26:26) The four key questions addressed during the ESOP feasibility study() How long does an ESOP feasibility study and implementation take?Connect With Kelly FinnellLinkedIn: https://www.linkedin.com/in/esopcoach/Website: https://execfin.comOrder Kelly's book - The ESOP Coach here: https://www.amazon.com/ESOP-Coach-Ownership-Succession-Planning/dp/0578046997Check out these other resources as referenced in this episode:National Center for Employee Ownership - https://www.nceo.org/The ESOP Association of America - https://www.esopassociation.org/Connect With Matt DiFrancesco:matt@highliftfin.com(814)201-5855LinkedIn: Matt DiFrancescoLinkedIn: High Lift FinancialFacebook: High Lift Financial Instagram: @high_lift_financialYoutube: @highliftfinancialAbout the guest:Kelly Finnell is widely regarded as the nation's premier ESOP consultant, with over 40 years of experience helping business owners design and implement Employee Stock Ownership Plans. He has presented at more than 300 conferences across the U.S. and internationally, sharing his deep expertise in ESOP strategy and succession planning.Kelly is the author of The ESOP Coach: Using ESOPs in Ownership Succession Planning, published in 2010—a definitive guide that continues to be a go-to resource in the field today. He is also an Accredited Investment Fiduciary®, a designation awarded through the Center for Fiduciary Studies at the University of Pittsburgh, demonstrating his commitment to always acting in the best interest of his clients.A magna cum laude graduate of the University of Memphis, Kelly brings both academic rigor and decades of hands-on experience to every engagement. If you're considering an ESOP for your business, Kelly is truly the guy you want in your corner.Disclaimer:All information is obtained from sources deemed reliable, but not guaranteed. No tax or legal advice is given nor intended. Content provided herein or on our website should not be construed as an offer for investment advice or for securities, insurance, or other investment products. Investments involve the risk of loss and are not guaranteed. Consult a qualified legal, tax, accounting, or financial professional before implementing any investments or strategy discussed here.

In this episode of The Mark Haney Show, I sit down with Maggie Bender-Johnson, the third-generation President and CEO of Bender Insurance Solutions—a company that's not only 87 years strong, but 100% employee-owned and female-led at the executive level. Maggie shares the remarkable story of how her family built and sustained a legacy business, how she transitioned BIS into an ESOP, and why she's now aiming for $50 million in revenue by the company's 100th anniversary. We cover everything from navigating leadership in a family business, to using AI tools like ChatGPT to drive efficiency, to the future of insurance in California. If you're a business leader, entrepreneur, or just love stories of bold leadership, this episode is packed with practical wisdom, big goals, and heart. Don't miss Maggie's take on what it means to lead with purpose—and how to build something that lasts beyond your tenure.

In this episode the podcast discusses the recent uncertainty with the economy and how this effects the ESOP world. Considering this, the podcast interviews senior level banker Chris Cucci with Climate First Bank. Chris' bank does financing for ESOP deals all over the United States, providing valuable perspective on ESOP financing credit decisions in light of the first quarter of 2025. While the future of recent economic events in unpredictable, the important take away from this episode is to build your ESOP around the ability to flex with any changes in the economy. 

SummaryIn this episode of the Restaurant Owners Uncorked podcast, Wil chats with Justin Cucci, a seasoned restaurateur from Denver. They discuss Justin's early experiences in hospitality, the importance of passion in the industry, and the distinction between hospitality and service. Justin shares insights on implementing an Employee Stock Ownership Plan (ESOP) in his restaurant group, highlighting its benefits for employee engagement and business sustainability. The conversation also touches on the current challenges facing the restaurant industry, including rising costs, labor shortages, and the impact of technology. Justin emphasizes the collaborative spirit among Denver restaurateurs and the resilience of the industry in the face of adversity. In this conversation, the speakers explore the profound impact of food on community and individual well-being, emphasizing the responsibility of restaurateurs to provide access to healthy food. They discuss innovative dining concepts like 'stealth health' that prioritize delicious yet nutritious meals. The dialogue shifts to personal dietary experiences, including the keto diet, and the importance of adapting to health needs as one ages. Music, particularly the Grateful Dead, is highlighted as a source of inspiration and philosophy in life and business. The speakers also reflect on the challenges faced in the restaurant industry, advocating for a positive mindset and the value of constructive criticism as a means of growth. Takeaways Justin grew up in a hospitality family, which shaped his career. Passion is essential for success in the restaurant industry. Hospitality is about making people feel welcome, not just providing service. An ESOP allows employees to have ownership and share in profits. The restaurant industry is facing significant challenges, including rising costs and labor shortages. Collaboration among restaurant owners is crucial for navigating challenges. The importance of community and local support for restaurants cannot be overstated. Technology can enhance efficiency but should not replace authentic hospitality. The restaurant industry is resilient and adaptive, often stepping up in times of crisis. Long-term commitment is necessary for success in the restaurant business. Don't underestimate the value of restaurants in a community. Food has a healing power that brings people together. Restaurateurs have a responsibility to provide healthy food access. 'Stealth health' allows for delicious yet nutritious dining options. Dietary choices can evolve with personal health needs. Music can influence creativity and business philosophy. Leadership can be informed by storytelling and character development. Challenges in the restaurant industry require a positive mindset. Constructive criticism is essential for growth and improvement. Embracing challenges can lead to resilience and innovation.

Posilovna, home office nebo stravenkový paušál jsou benefity, na které jsou zaměstnanci od svých firem zvyklí. Firmy by ale rády zaměstnancům rozdávaly i akcie. Brání tomu „zvrhlý“ systém zdanění.Systém zaměstnaneckých akcií dokázal udělat z chudého Estonska technologickou a digitální velmoc Evropy.  Myšlenka zaměstnaneckých akcií je přitom jednoduchá. Odměnit talenty ve firmách podílem na úspěchu jejich byznysu.„Dokážeš přitáhnout zaměstnance i ze zahraničí, udržíš si je, má to výkonový potenciál, protože ti zaměstnanci jsou líp motivovaní na fungování firmy. Prostě to je win-win-win pro všechny,“ vypočítává benefity zaměstnaneckých akcií  ekonom Dominik Stroukal v podcastu Ve vatě.Nejvíc by tzv. ESOPy (Employee Stock Option Plan) ocenily startupy. „Pokud ve startupu chcete udělat top produkt, tak na to potřebujete top lidi.  A jako startup si ty top lidi nemůžete dovolit. Takže uděláte zkratku. Řeknete jim, já ti zaplatím z hodnoty té firmy, ale až v momentě, kdy tu hodnotu vytvoříme. Tím top talenty do firmy dostanete, ale nepálíte potřebný cash,“ popisuje efekty předseda České fintechové asociace Miroslav Lukeš.Živoucím důkazem toho, jak to funguje, je Skandinávie a zvláště Estonsko. Podle zkušeného finančníka Lukeše země prožila tzv. Skype efekt. „Lidi, kteří tam vytvořili Skype, měli ESOPy. A v momentě, kdy Skype prodali, tak se z těch lidí najednou stali milionáři. Ty miliony vzali, rozjeli své vlastní byznysy a dohnali Estonsko tam, kde je dneska.“V Česku systém nefunguje. Respektive je nastaven tak nevýhodně, že ho skoro nikdo nevyužívá. Firmy se ale v právním vakuu snaží najít cesty, jak svým lidem podíl na svém podnikání dát. Má různé podoby shadow equity, phantom share či virtuálních akcií.Lidé tomu nevěříNádech čehosi virtuálního a pololegálního příliš popularitě zaměstnaneckých akcií neprospívá. „Když lidem dáte stravenky nebo posilovnu, tak to chápou. Ale když jim nabídnete phantom share, lidé tomu nevěří,“ podotýká Lukeš, který nyní působí ve společnosti Lasvit.Zásadní háček je ale v principu zdanění. „Musíš zaplatit daně, ale ještě se nic nevykešovalo. To pro některé zaměstnance nedává ekonomicky smysl, protože ani nemají dostatek peněz na to, aby to vrazili do daňového přiznání,“ podotýká Stroukal.„Já mám „ESOPy“ a je skutečně velmi složité je do daňového přiznání dostat. Snažíme se, aby bylo jasné, že toto je ESOP, toto je zaměstnanecký podíl, takhle se to zdaní jednou kolonkou v daňovém přiznání,“ přidává svou zkušenost Miroslav Lukeš.*****Ve vatě. Podcast novinářky Markéty Bidrmanové. Poslechněte si konkrétní rady investorů a odborníků na téma investic, inflace, úvěrů a hypoték. Finanční „kápézetka“ pro všechny, kterým nejsou peníze ukradené.Vychází každý čtvrtek. Poslouchejte na Seznam Zprávách, Podcasty.cz nebo ve všech podcastových aplikacích.V podcastu vysvětlujeme základní finanční pojmy a principy, nejde ale o investiční poradenství.O čem byste chtěli poslouchat příště? Co máme zlepšit? A co naopak určitě neměnit? Vaše připomínky, tipy i výtky uvítáme na adrese audio@sz.cz.

This episode provides the background on both Warrants and SARs in an ESOP transaction.  The typical usage of synthetic equity structured within a deal can create a solid win-win for the shareholders and the company.  Within the topic, the podcast uses the Nicolas Cage film “Knowing” as an example to explain how a warrant and SAR model help to predict the future just like so that we can create a lasting legacy for the company and a successful reward for those that are taking on the future risk of the enterprise. 

Breaking free from being the "superhero" operator can transform your restaurant's future. In this episode of The Pre-Shift Podcast, we talk with Avery Ward, third-generation CEO of Little Italy Ristorante in Groveport, Ohio, about how he turned around his family's struggling business. Avery shares how his tech background helped him implement smart systems that let him step back from daily operations. He breaks down exactly how he delegates tasks, documents processes, and builds accountability at every level - allowing him to expand from a single location to a growing restaurant group. Both struggling operators managing everything themselves and successful owners looking to scale will find valuable takeaways in Ward's practical approach to working on your business instead of just in it.ResourcesConnect with Avery Ward on LinkedIn

Send us a textDavid Griffith takes us on a fascinating journey through his multi-faceted career, revealing timeless leadership principles that transcend industries and decades. Starting as IBM's top salesman in the late 1970s, Griffith rose through corporate ranks before pivoting to lead a material handling company and later transforming a historic nonprofit addressing poverty in Philadelphia.What stands out in Griffith's approach is his refreshing humility and focus on developing others. "My goal was always to try and be the dumbest guy in an organization," he explains, highlighting his belief that great leaders are primarily "curators of talent" who assemble exceptional teams and give them space to excel. This philosophy proved particularly valuable during the 2008 financial crisis when his implementation of employee ownership through an ESOP created a culture where workers volunteered for reduced hours rather than seeing colleagues laid off.Griffith's secret weapon throughout his career has been genuinely listening—to customers, employees, and the marketplace. His practical advice on conducting "muddy boots" management by getting into the field and asking simple questions ("How are we doing?" and "What can we do better?") demonstrates how leaders can stay connected to reality. This approach led to breakthrough moments, like when he transformed a customer relationship by noticing bent forklift forks and connecting them to workers' compensation issues, solving a pain point his competitors had missed entirely.The conversation serves as both business history and masterclass in adaptability. As Griffith notes, "Those who are closest to the customer will win," a principle that remains true despite technological revolutions and market shifts. For leaders navigating today's complex challenges, his example of continuous learning, strategic foresight, and people-centered management offers a timeless blueprint for sustainable success. Visit us at LearningWithoutScars.org for more training solutions for Equipment Dealerships - Construction, Mining, Agriculture, Cranes, Trucks and Trailers.We provide comprehensive online learning programs for employees starting with an individualized skills assessment to a personalized employee development program designed for their skill level.

Buckle up for a crash course on the history of transportation and trucking! This (basically) Masters-Level class covers the invention of the wheel in the 4000s BC, the Silk Road, origins of the combustion engine, World War I, and the first semi-trailer in 1910! (Also—apparently Prohibition helped develop the trucking industry??). Next, we'll cover the development of the Interstate Highway System and how the federal government started to regulate transportation. Last but not least, we're covering 1945 to 2025—Nussbaum's 80 years in business! From our humble beginnings with one truck in Fairbury, to the start of our truckload division in 1968, to becoming an ESOP in 2018, we'll hit all the highlights! Our expert tour guide for this adventure is Shawn Reischauer. With a bachelor's degree in Geography and a master's of Divinity, he's a uniquely qualified historian (just trust us on this one). At any rate, today's episode is an entertaining sprint through the history of transportation—aka, the most important technological advancement the world has ever seen. Press play and enjoy! FROM TODAY'S PODCAST• Guest: Shawn Reischauer, Customer Account Coordinator at Nussbaum • For further reading, check out our sources. LET'S CONNECT• Visit us online at terminalexchange.org• Follow The Terminal Exchange on social media! o Facebooko Instagramo X/TwitterABOUT NUSSBAUM Employee-Owned, Purpose Driven | Nussbaum is an industry-leader in over-the-road freight transportation. For more information on our award-winning services and top-paying driver careers, visit nussbaum.com or nussbaumjobs.com.

On this podcast episode we interview Jason Ireland, President of Industrial Supply Company (ISCO), a distributor of manufacturing parts who went 100 percent ESOP last year. Jason explains the step by step process their 100-year-old company went through to transition to an ESOP process.  The company was part union and part non-union, providing some background for some companies dealing with that reality.  There is even a ghost in this story…but he cannot be part of the ESOP (it's an ERISA thing).  We discuss the consensus building process with multiple shareholders and Jason's future generation as part of the leadership to steer the company into the future of employee ownership making the employees part of this family. 

In this episode of the On Track podcast, Host Eric Ritchie talks with four women at Sargent—ranging from newly promoted VP Accounting & Administration Carey Sheehan to a long-time Shop Administrator Sheila Smith, Junior Foreman Elizabeth Drelich, and an Off-Road Truck Driver Brittany Kraus— who share their stories of building rewarding careers in a traditionally male-dominated industry. They discuss their challenges, the support they've received, and the pride they take in making a tangible impact through construction.If you liked this week's episode and are interested in becoming an Employee-Owner at Sargent, please visit our careers page on the Sargent website. https://sargent.us/apply/If you have an episode suggestion, please send your idea to:sbennage@sargent.us

What if the path to successful entrepreneurship isn't just about finding a compelling market idea, but also about crafting an intentional exit strategy that benefits an entire community? On this episode of The Angel Next Door Podcast, we dive into an unconventional exit strategy that prioritizes employees and community sustainability. Marcia, our host, welcomes Gina Schaefer, a pioneering entrepreneur who transitioned her successful hardware store chain to an Employee Stock Ownership Plan (ESOP), ensuring her legacy and providing her team with a stake in the business – not to mention a nice payout for her and her family.Gina Schaefer, along with her husband Mark, founded what began as a single hardware store in a once-struggling neighborhood in Washington, D.C., and expanded it to a 13-store enterprise under the Ace Hardware cooperative. Her entrepreneurial journey, defined by community revitalization, culminated in a unique exit strategy that included selling a 30% stake of the company to its employees through an ESOP, with plans to eventually transition to 100% employee ownership. Gina's commitment to her team and community shines through, highlighting her innovative approach to succession planning.In this must-listen episode, Gina unravels the process of establishing an ESOP, discussing the transformation it brings to company culture, employee ownership, and wealth generation. Listeners will gain insights into the benefits and complexities of ESOPs, as well as the broader impacts on community and economic structure. By highlighting this thoughtful and community-oriented exit strategy, Gina's story offers a fresh perspective on how entrepreneurship can go beyond personal success to foster community growth and empowerment. To get the latest from Gina Schaefer, you can follow her below!https://www.linkedin.com/in/ginaschaefer-speaker/ Sign up for Marcia's newsletter to receive tips and the latest on Angel Investing!Website: www.marciadawood.comLearn more about the documentary Show Her the Money: www.showherthemoneymovie.comAnd don't forget to follow us wherever you are!Apple Podcasts: https://pod.link/1586445642.appleSpotify: https://pod.link/1586445642.spotifyLinkedIn: https://www.linkedin.com/company/angel-next-door-podcast/Instagram: https://www.instagram.com/theangelnextdoorpodcast/TikTok: https://www.tiktok.com/@marciadawood

DISCLAIMER: The information in this presentation is provided as education only, with the understanding that neither the presenter nor ENNIS Legacy Partners is engaged to render legal, accounting, or other professional services. If you require legal advice or other expert assistance, you should seek the services of a competent professional. Neither the presenter nor ENNIS Legacy Partners shall have any legal liability or responsibility to any person or entity with respect to any loss or damage caused, or alleged to be caused, directly or indirectly, by the information contained in this presentation.============================================“We want you to help you build a business that is sellable and exit successfully on your own terms and conditions.” - Pat Ennis============================================

Employee Stock Ownership Plans (ESOPs) are one of the best-kept secrets in business succession planning. In this episode, Laurie Barkman sits down with Dan Zugell, Senior Vice President at Business Transition Advisors and a nationally recognized expert in ESOPs, to explore how these plans create financial value, enhance employee engagement, and offer unique transition options for business owners. Dan shares insights on the financial benefits of ESOPs—like tax advantages and wealth creation—as well as the often-overlooked social impact of employee ownership, including reduced turnover and stronger workplace culture. He also debunks common misconceptions, such as the idea that ESOPs require 100% ownership transfer or that they lack exit opportunities. If you're a business owner considering succession strategies, or simply curious about how ESOPs can transform a company's future, this episode is for you!

The Mad World of ESOPs!  This episode reviews the roles ESOP professionals play and the reality of variance in one transaction to another.  We discuss the differences in costs, approaches to structure, closings, and other areas given the backgrounds, perspectives and objectives in leading the transaction.  This episode is intended to help orient the listener to questions they may want to ask on their journey to an ESOP. 

SummaryIn this conversation, Mat Gates, President of Erickson-Hall Construction, shares insights into the company's journey towards becoming a 100% employee-owned organization through an ESOP. He discusses the importance of effective communication during the transition, the challenges faced, and the strategies implemented to engage employees. Mat emphasizes the significance of investing in people, addressing the labor crisis in the construction industry, and leveraging technology to enhance training and operations. The conversation highlights the company's commitment to fostering a culture of ownership and retention among its workforce.TakeawaysErickson-Hall transitioned to a 100% employee-owned company through an ESOP.Effective communication is crucial during the ESOP transition.Employee engagement is enhanced through education and transparency.Celebrating retirements helps illustrate the benefits of employee ownership.Hiring for traits and culture fit is essential for retention.Investing in technology can bridge the labor gap in construction.The construction industry faces a significant labor crisis.Recognition and performance management contribute to employee retention.Creating a supportive environment fosters long-term employee relationships.Erickson-Hall is committed to continuous improvement in employee benefits.Chapters00:00 Introduction to Erickson-Hall Construction02:49 The Journey to Employee Ownership06:00 Communicating the ESOP Experience08:46 Building a Culture of Engagement and Retention12:02 Addressing the Labor Crisis in Construction15:11 Investing in People and Technology18:13 Conclusion and Future OutlookConnect With Mat Gates:Website: https://ericksonhall.com/LinkedIn: https://www.linkedin.com/in/mat-gates-112009244/ Support Titans of the Trades: If you found this episode insightful, please subscribe, share, and leave a review for Titans of the Trades. Your support goes a long way in helping us bring more impactful discussions your way.

Lauren shares her journey of being thrust into running her father's Bassett Furniture franchise business at 26 when he was diagnosed with stage four cancer.   She details the emotional and professional challenges of managing and eventually selling the over-leveraged business back to corporate, which financially devastated her family.   After overcoming these hardships, Lauren launched her own successful marketing firm, Elevate, which she later transitioned to an ESOP for her employees. She also discusses the inception of Fabric VC, a venture fund supporting women and BIPOC founders, highlighting its unique marketing-driven approach to investment.      00:30 Welcome to The Exit Whisperer 01:11 Laurel Mintz's Story Begins 02:17 Taking Over the Family Business 08:10 Facing Financial Challenges 13:36 Launching Elevate: A New Venture 16:15 The Birth of Fabric VC 21:42 The ESOP Decision 24:08 Fabric VC: Progress and Vision 25:41 Conclusion and Final Thoughts

On today’s episode, Nathan sits down with Marie Davis, Executive Director of the Georgia Center for Employee Ownership. Nathan and Marie explore how businesses can transition to employee ownership, a move that preserves the founder's legacy and empowers their employees in the process. Marie shares her personal connection to this work, reflecting on how her family's business could have possibly lived on if her parents had known about employee ownership models. Marie will also break down the different forms of employee ownership from ESOPs to employee ownership trust to co-ops, and discuss how these models provide real financial and cultural benefits for businesses and their teams, or as she puts it, a “win-win-win.” If you're a business owner, an entrepreneur, or just someone interested in how companies can build lasting wealth for employees, this is an episode you won't want to miss. RESOURCES RELATED TO THIS EPISODE Learn more about the Georgia Center for Employee Ownership at https://www.gaceo.org/ Learn more about Joma Construction at https://www.jomaconstruction.com/ Follow Marie on LinkedIn at https://www.linkedin.com/in/mariebdavisinatlanta/ Visit https://www.blocalgeorgia.com/ CREDITS Theme Music

On today’s episode, Nathan sits down with Marie Davis, Executive Director of the Georgia Center for Employee Ownership. Nathan and Marie explore how businesses can transition to employee ownership, a move that preserves the founder's legacy and empowers their employees in the process. Marie shares her personal connection to this work, reflecting on how her family's business could have possibly lived on if her parents had known about employee ownership models. Marie will also break down the different forms of employee ownership from ESOPs to employee ownership trust to co-ops, and discuss how these models provide real financial and cultural benefits for businesses and their teams, or as she puts it, a “win-win-win.” If you're a business owner, an entrepreneur, or just someone interested in how companies can build lasting wealth for employees, this is an episode you won't want to miss. RESOURCES RELATED TO THIS EPISODE Learn more about the Georgia Center for Employee Ownership at https://www.gaceo.org/ Learn more about Joma Construction at https://www.jomaconstruction.com/ Follow Marie on LinkedIn at https://www.linkedin.com/in/mariebdavisinatlanta/ Visit https://www.blocalgeorgia.com/ CREDITS Theme Music

John Gabbert is founder and CEO of Room & Board, a home furnishings business headquartered in Minneapolis with over 1,100 staff members nationwide.As a young man, John joined his father's furniture business. In 1980 at the age of 27, John left the family business to start his own furniture company which, over the past forty years, has helped to redefine the industry.Last year John announced that Room & Board has transitioned to 100% employee ownership through an employee stock ownership plan (ESOP).In our episode, John will discuss:0:52 – What was John's upbringing like?3:09 – How did John get started in the family business?5:01 – How did John's personality start to shape his father's business?7:26 – What was the experience of breaking away from his father's business to start Room & Board like?9:30 – How did John come up with a new direction for Room & Board?12:16 – Where did John's business values come from?13:34 – How did Room & Board rethink the traditional furniture business model?17:02 – How is John thinking about succession?18:25 – Why did John choose the ESOP model? And how did his employees react to the decision?21:41 – How does John see his position evolving at Room & Board over the next few years?24:15 – Where does John think entrepreneurs go wrong?26:43 – What is the ‘why' that motivates John?

SponsorsOnPay - http://accountingpodcast.promo/onpayKeeper - http://accountingpodcast.promo/keeperCloud Accountant Staffing - http://accountingpodcast.promo/casRho - http://accountingpodcast.promo/rhoChapters(00:00) - Welcome to The Accounting Podcast (03:37) - Government Employee Buyout Offer Update (09:24) - Undergraduate Accounting Enrollment Surge (12:38) - Illinois Proposes New CPA Pathways (14:25) - Elon Musk and IRS Direct File Controversy (18:16) - Doge's Access to Treasury Systems (26:53) - Tax Exemption on Tips: A Double-Edged Sword (30:19) - The Hidden Costs of Automation (38:03) - AI in Accounting: Current Innovations (47:03) - BDO Lawsuit: Inflated Revenues and ESOP (50:57) - Closing Remarks and Announcements  Show NotesComing soon!Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

In some cases an ESOP company can choose to sell to an outside buyer after they transition to an employee-owned company.  In this episode Greg Daugherty, Porter Wright and, I discuss the factors related to selling your company after it has become an employee-owned company.  Greg does a great job of discussing how this process works and what business owners should know as it relates to the board of directors, trustees and, support related to selling the business. 

Are you a business owner considering an Employee Stock Ownership Plan (ESOP) or exploring succession strategies? In this episode of the Finish Big Podcast, Mark Dorman delves into ESOP financing, discussing how bank and seller financing typically work together, and the potential advantages of mezzanine loans. Gain insights into tax implications, the role of ESOP trustees, and how these plans can benefit both the business and the community. This week's guest, Kelly Finnell, President of Executive Financial Services Inc., offers his expertise on ESOPs. He covers essential topics such as the process, timeline, and personal satisfaction involved in executing a successful business transition. Tune into this episode for a comprehensive guide to ESOPs and succession planning. Discover how to navigate these complex transactions and ensure your business's legacy thrives. Don't miss out—listen now! Mark and Kelly discuss: Combining bank and seller financing, and the use of mezzanine loans. Differences in taxation for current pay interest and warrants in seller debt. Ensuring fair market value and commercially reasonable terms in ESOP transactions. The typical changes in the business owner's role, salary, and benefits. The steps and time required for feasibility analysis and transaction implementation. Connect with Mark Dorman: Succession Plus US LinkedIn: Mark Dorman LinkedIn: Succession Plus Facebook: Succession Plus (330)-416-9271 mdorman@succession.plus Connect with Kelly Finnell: LinkedIn: Kelly Finnell About our guest: Kelly Finnell is a leading ESOP consultant and president of Executive Financial Services Inc. Based in Memphis, Tennessee, Kelly specializes in ownership succession planning and has authored “The ESOP Coach.” With extensive expertise in ESOP transactions, Kelly guides businesses through financing, taxation, and trustee responsibilities.

How do you turn a passion into a business empire?Today's guest, Frank Fiume, took his love of adult men's softball and evolved it into a groundbreaking youth sports franchise. Frank discusses the importance of focusing on a niche market and the pivotal moment he decided to pivot his franchising business. He shares some hard truths about why so many franchisors struggle to hit that 100-unit mark and he dives into the challenges and strategies he employed to ensure success and stability for i9 sports. And you won't want to miss the golden nugget he shares when Tracy asks him one tip he could share with you that would help propel your franchise business forward.Frank Fiume is a pioneer and authority in the franchise industry. He is best known for founding i9 sports from its inception and building it into a powerhouse with over 1,000 locations. His exceptional leadership and vision led to the successful exit of the company three times, demonstrating his acumen in creating, scaling, and strategically exiting a franchise business.So, if you are ready to discover the pivotal moments that propelled i9 sports to over $400 million in revenue and hear his insights on navigating the challenges of franchising then today's episode is for you!Connect with Frank:Website: https://emergingfranchisebrands.com/Email: frank@frankfiume.comEpisode Highlights:Meet Frank FiumeFrank's journey into franchisingFrank's failure in replicating franchise success and how he pivoted into a successful franchiseEarly challenges in scaling and necessary hires for franchisingFrank talks about ESOP (Employee stock ownership plan)Frank's exit strategy from i9 sportsThe importance of having a CEO mindsetOrigination and concept behind Emerging Franchise Brands podcastWhy many franchise brands fail to reach 100 unitsImportance of executing well, focusing on franchise success and listening to franchiseesConnect with Tracy Personal LinkedIn: https://www.linkedin.com/in/tracy-panase/ JBF LinkedIn - https://www.linkedin.com/company/jbfsale JBF Franchise System - https://jbfsalefranchise.com/ Email: podcast@jbfsale.com Connect with Shannon Personal LinkedIn - https://www.linkedin.com/in/shannonwilburn/ JBF LinkedIn - https://www.linkedin.com/company/jbfsale

Arguably one of the best James Bond 007 movies - “Casino Royale” - is it time to get some chips off the table?  This episode focuses on the motivations of why some companies look at doing a partial ESOP which is going to be accompanied by risk/reward decisions.  Not as risky as going all in and hoping for the high hand.  But a partial ESOP can still be the right strategy a lot of companies to determine if an ESOP works in both the short and long term, and for shareholders and employees.  This may be your next step on the journey to an ESOP!    

This episode is sponsored by: Ready for an inspiring deep dive into entrepreneurship, second chances, and the power of building a business that truly changes lives? In this episode, I sit down with Gina Schaefer, founder of multiple hardware stores and author of Recovery Hardware, for a conversation that'll have you rethinking what's possible in business, in life, and in leadership. Gina's entrepreneurial journey started with a bold leap: opening her very first hardware store in a previously riot-torn neighborhood in Washington, D.C. But that was just the beginning! She quickly discovered a passion for hiring returning citizens and individuals in recovery—creating a unique culture of empathy, accountability, and second chances. Today, Gina speaks nationwide, advocating for non-traditional hiring and empowering employees to become co-owners through ESOPs (Employee Stock Ownership Plans). She's living proof that the best leaders are often those who bet big on people others overlook, and in doing so, reap extraordinary rewards. If you've ever wondered how to blend community impact with profit, why hiring someone in recovery might be your smartest business decision, or what it really takes to create a brand that attracts talent and loyalty, this episode will fire you up and leave you energized. Prepare to see “baggage” in a whole new light—and pick up the powerful lessons only non-traditional teachers can bring.   In This Episode, You'll Learn: How Gina Turned “Naive” Ambition into Entrepreneurial Gold Discover how she opened her first hardware store against all odds—without a typical business background—and grew it into a thriving chain. Why Hiring People in Recovery Can Transform Your Culture Hear the jaw-dropping stories of employees who went from incarceration or drug addiction to becoming indispensable team members. Leadership Lessons that Defy Convention Gina shares how empathy, second chances, and personal accountability create unstoppable teams—and how to nurture growth without coddling. Employee Ownership: The ESOP Advantage Unpack how selling her business to her employees built generational wealth and boosted retention—while fueling her bigger mission. Practical Tips for Future-Proofing Your Business From shattering limiting beliefs to building confidence in your team, get the strategies you can implement right now, whether you're a solopreneur or CEO.   My Favorite Quotes From The Episode “Somebody told me 70% of all business ideas never get started because of fear. If you want to beat the odds, you have to just do it—even if you think you're not ready.” —Gina Schaefer “I'm not interested in baggage—baggage is luggage, and I like to travel. I want to know where that person's journey can take us both.” —Gina Schaefer “One of my employees likes to say I'm good at nurturing, not coddling—and you know what? I'll take that as a huge compliment.” —Gina Schaefer   Episode Highlights From Tech Layoffs to Hardware Success How Gina's experience of being laid off multiple times lit a fire in her to create something that would truly serve her community. Recovery & Redemption The heartfelt story of Gina's first hires—individuals in recovery—and how their resilience, determination, and customer service skills propelled her store to success. Growth Mindset in Action Learn why Gina never dwells on failures, instead seeing them as stepping stones to the next level of success. The Power of Employee Ownership Discover how an ESOP sparks a sense of pride and long-term investment in the business, transforming customers and teammates into raving fans. Why Stupid Courage Can Be Your Greatest Asset Sean and Gina's honest takes on charging forward without waiting until you're “ready,” even when you're sure you're in over your head.   About Gina Schaefer Gina Schaefer is the founder and former CEO of an award-winning chain of Ace Hardware stores, a dynamic speaker, and the author of Recovery Hardware. Her passion for hiring employees from non-traditional backgrounds—especially those in recovery or returning from incarceration—has reshaped local communities and proven that business can be both profitable and transformative. Connect with her at GinaSchaefer.com to learn more about her speaking engagements, workshops, and leadership insights.   Ready to Tune In? If you're fired up by the thought of breaking business barriers and empowering people others might overlook—this episode is your calling card. Get ready to be inspired, challenged, and equipped with practical insights that will forever change how you view leadership, hiring, and community impact. So, hit that “play” button now and discover how Gina Schaefer is unlocking potential where most never think to look. You'll walk away believing that all it takes is one bold step to transform someone's life—and maybe even your own.   Links & Resources: Get Gina's Book: Recovery Hardware Connect with Gina: GinaSchaefer.com Follow Sean for More Inspiring Conversations: [Your Podcast/Web Link] Enjoyed the episode? Leave a 5-star rating and a quick review—it helps others discover these powerful stories! Share the episode on social media and tag friends who need to hear it. Subscribe or follow the show to never miss an episode packed with fresh motivation and next-level insights!

Journey to an ESOP and Beyond continues to bring perspectives that can challenge conventional thinking and at the least provide the listener with questions for their advisors.  Jeff Forrestall, CPA provides a good overview of the changes in SBA ESOP financing as well as a compelling forward planning model to leverage the C Corp opportunity beyond 1042.

Our featured guest in this episode is Leslie Lauer, Managing Director and Senior Portfolio Manager at RBC Wealth Management. Leslie specializes in ESOPs, and shared some highlights of her years of experience as a trusted advisor. Leslie's background in banking and accounting was the foundation for her career path to advising on deal structure for ESOPs. She's also a former entrepreneur herself (a company owned by an ESOP) which takes her advice from a theoretical perspective to a practical one. Her Board positions with ESOP organizations like the National Center for Employee Ownership give her an edge that's rare in a space that can be misunderstood and therefore underutilized as an exit option. We unpacked some of the nuances of ESOPs and realized we'd need a Part 2, so look out for that soon. While she was on the show, Leslie took the time to explain what an ESOP actually is for our listeners who may not be as familiar:A Transition ToolA Retirement PlanA Tool for Deferred Growth.In addition, we talked about how ESOP is a Defined Contribution Plan, similar to a 401K Plan. ESOPs are governed by ARISA and follow compliance regulations set forth by the Department of Labor and the IRS.  That may sound complicated, but if you have someone like Leslie to help facilitate and bring the team together, it can be a fantastic way for all stakeholders to win. You can contact Leslie here to get your questions answered, whether you are an advisor or business owner.Connect with Julie Keyes, Keyestrategies LLCFounder, Consultant, Author, Pod-caster and Instructor

Learn all about how ESOPs can help you sell your business to employees while preserving company culture and maximizing tax benefits.This episode of the DealQuest Podcast with Kelly Finnell is packed with insights! Wondering how to plan for your business exit? Or how an ESOP could provide a smooth transition while rewarding your team?Tune in to hear Kelly break it all down, plus real-world examples of how ESOPs have transformed businesses.Ready to listen?• • •FOR MORE ON THIS EPISODE:https://www.coreykupfer.com/blog/kellyfinnell• • • FOR MORE ON KELLY FINNELLhttps://www.linkedin.com/in/esopcoach/http://www.execfin.com/https://execfin.com/esop-introduction/FOR MORE ON COREY KUPFERhttps://www.linkedin.com/in/coreykupfer/http://coreykupfer.com/ Corey Kupfer is an expert strategist, negotiator, and dealmaker. He has more than 35 years of professional deal-making and negotiating experience. Corey is a successful entrepreneur, attorney, consultant, author, and professional speaker. He is deeply passionate about deal-driven growth. He is also the creator and host of the DealQuest Podcast.Get deal-ready with the DealQuest Podcast with Corey Kupfer, where like-minded entrepreneurs and business leaders converge, share insights and challenges, and success stories. Equip yourself with the tools, resources, and support necessary to navigate the complex yet rewarding world of dealmaking. Dive into the world of deal-driven growth today!

Leaders of the newly former Barrel One Collective shared their vision for the new platform, which was formed from the merger of Harpoon Brewery's parent company Mass. Bay Brewing and Smuttynose's home of FinestKind Brewing.    Harpoon co-founder and CEO Dan Kenary and FinestKind CEO Steve Kierstead explained how the platform came together, how open they are to adding to the collective and the types of partners they'd welcome, and how they're approaching innovation with a portfolio that now boasts 14 brands.    Kenary also discussed the circumstances that led to the end of Harpoon's employee stock ownership plan (ESOP). Moving forward, Kenary will lead Barrel One as CEO, while Kierstead will move into the role of chief commercial officer.    Plus, Brewbound editor Justin Kendall and managing editor Jess Infante share their history covering Mass. Bay and Smuttynose and dive into the latest headlines, including the surgeon general's advisory calling for cancer warnings on bev-alc labels and WWE's investment in Hulk Hogan's Real American Beer.