Podcasts about esop

On this episode, we dig into a better understanding of the buy side team for an ESOP transaction. This would include the Trustee, Evaluation Firm, and their legal counsel.  As you invite them into the ESOP deal, they are in a sense the enemy and there are certain aspects of working with them in this process that are important to understand so that you can be better prepared for your transaction and your journey to an ESOP.

Matt McClellan knows the pressure of leadership. As a second-gen CEO of a $100M+ construction firm, he's felt the weight of legacy, the pain of panic attacks, and the breakthrough of letting go. In this episode, he joins Chris McAlister to share how building leaders (not just buildings) has changed everything. You'll hear: • Building a leadership team that runs without you • Facing the emotional cost of leadership • Embracing the ESOP model and planning for legacy • Real-world impact of the SightShift leadership academy

In this final episode of Season 5, host David Mandell recaps the season's key themes and previews the upcoming Summer Rewind series, which will highlight standout episodes from Seasons 3 and 4. The podcast will continue on a biweekly schedule over the summer, with new introductions to previously released episodes, allowing listeners to revisit valuable content over the Summer. David reviews each of the 18 episodes of Season 5, including a quick recap and highlights. The goal of this episode is to help listeners catch up on missed episodes or revisit important insights they may have forgotten. He invites feedback and topic suggestions for future episodes as the podcast continues to grow its audience. EPISODE SNAPSHOTS: 5.1 & 5.2 – Dr. Jay Foley: After a life-altering snowboarding accident, Dr. Foley transitioned from surgery to medico-legal consulting, highlighting the importance of disability insurance and leveraging a medical license in new ways. 5.3 – Andy Taylor: Explored how election cycles influence market behavior and how physicians can remain calm and strategic with their portfolios. 5.4 – Nolan Bradbury, CPA: Covered KPIs, practice delegation, legal/tax structure for side hustles, and exit planning from a CPA's perspective. 5.5 – Dr. Ben Ostrander: Applied hospitality industry lessons to healthcare to enhance patient experience, employee satisfaction, and operational efficiency. 5.6 – Jessica Jones, Consultant: Shared insights on aligning practice models with physician passion, wellness trends, and diversification within practices—especially cash-based models. 5.7 & 5.8 – Dr. Sue Keller: An unflinching look at financial mismanagement, the emotional toll of bankruptcy, and finding meaning in a reinvented career after decades in dentistry. 5.9 – Dr. Jay Zigmont: Introduced “child-free wealth” as a growing financial niche, challenging traditional planning assumptions and offering guidance tailored to child-free individuals. 5.10 – Dr. Jude Pierre (Pt. 1): Talked about geographic and specialty shifts, mentorship, and the creation of a physician coaching practice to fight burnout and debt. 5.11 – Carole Foos & Greg Heimkreiter, CPAs: Discussed looming tax law expirations, industry-wide challenges in accounting services, and what physicians should know about finding quality tax advisors. 5.12 – Kristy LaGourgue & Rachel Varga: Focused on brand building and marketing strategy for all doctors, not just those in aesthetics—emphasizing the importance of digital presence and patient communication. 5.13 – Dr. Pat St. Pierre: Reflected on a military-to-medicine career, financial planning, industry involvement, and proactive retirement through wine education to avoid post-retirement difficulty. 5.14 – Attorneys Byrd & Adatto: Covered major legal trends including compounding pharmacy scrutiny, the evolving legal landscape around non-competes, and internal practice exits. 5.15 – Dr. Jude Pierre (Pt. 2): Discussed optimizing workflow through scribes, practice innovation via Medicare Advantage, and financial/lifestyle balance to avoid physician burnout. 5.16 & 5.17 – Cory Kleinschmidt: Provided a comprehensive look at locum tenens work for physicians—ideal for both early-career flexibility and late-career freedom—including licensing, contract tips, what to look for in an agency, forming LLCs for tax purpose and more. 5.18 – Drs. Mark Figgie & Joel Press: Shared a mentorship model from HSS that helps young physicians with career planning, finances, wellness, and leadership development. 5.19 – Bob Goettling: Introduced ESOPs (Employee Stock Ownership Plans) as an innovative, tax-efficient practice exit strategy increasingly relevant in the medical space.     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!

Before she retires next month at age 52, Rowan in Georgia wonders how to maximize growth in her IRA, which will be funded with 72(t) early retirement withdrawals. What do Joe Anderson, CFP® and Big Al Clopine, CPA  think of her substantially equal periodic payment plan? And how should she allocate it? Michael in Virginia isn't interested in any international investments and is instead invested in stocks like Google, Amazon, Microsoft, Meta, and Berkshire. What adjustments would the fellas make to his portfolio for long term growth? That's today on Your Money, Your Wealth® podcast 533. Plus, our friend Will, who is not a gas siphoner, wants Joe and Big Al's opinion on "backdoor Rothing" his solo 401(k) instead of having an emergency fund, and on what he should do with his annuity. Also, the fellas explain ESOP and NUA - that is, employee stock ownership plans and net unrealized appreciation - for Tess and Finn in Texas. Free financial resources & episode transcript: https://bit.ly/ymyw-533 WATCH 10 Big Retirement Regrets to Avoid (Before It's Too Late) on YMYW TV CALCULATE your free Financial Blueprint SCHEDULE your Free Financial Assessment The origins of Will the Gas Siphoner (audio only) ASK Joe & Big Al for your Retirement Spitball Analysis SUBSCRIBE to YMYW on YouTube DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter Timestamps: 00:00 - Intro: This Week on the YMYW Podcast 01:05 - How Do I Maximize My 72(t) Early Retirement Withdrawals? (Rowan, GA - voice) 10:24 - Watch 10 Big Retirement Regrets to Avoid (Before It's Too Late) on YMYW TV, Calculate your free Financial Blueprint 11:23 - I'm Not Interested in International Investments. Does My Asset Allocation of Tech Stocks Make Long-Term Sense? (Michael, VA) 14:18 - Should I Backdoor Roth My Solo 401(k) Income Instead of Having an Emergency Fund? What Should I Do With My Annuity? (Will the Gas Siphoner) 24:44 - Schedule a Free Financial Assessment With Pure Financial Advisors 25:53 - ESOP and NUA Explained (Tess & Finn, TX) 31:53 - Tribute to Betsey Clopine, 1933 - 2025 33:17 - YMYW Podcast Outro

Thinking of selling your business? Discover a powerful, tax-efficient exit strategy that not only preserves your wealth but also empowers your employees. In this episode of The Agent of Wealth Podcast, host Marc Bautis is joined by Salvatore Tirabassi, a fractional CFO with extensive experience in private equity, exit planning, and succession strategies. This episode unveils the secrets of Employee Stock Ownership Plans (ESOPs) with Salvatore, who's personally guided a $242M business sale through an ESOP, offering a unique perspective on when and how an ESOP makes sense.In this episode, you will learn:What an Employee Stock Ownership Plan (ESOP) is, and how it works.The ideal planning timeline for an ESOP.The significant tax benefits of an ESOP – for owners and companies.How liquidity is created for selling shareholders. And more!Tune in to discover how ESOPs offer a compelling alternative to traditional sales, enabling business owners to achieve their financial goals while fostering a unique ownership culture among their employees.Resources:Episode Transcript & Blog | CFOproanalytics.com | tirabassi.com | LinkedIn: Salvatore Tirabassi | Bautis Financial: 8 Hillside Ave, Suite LL1 Montclair, New Jersey 07042 (862) 205-5000 | Schedule an Introductory Call

In this episode of the On Track Podcast, President Eric Ritchie is joined by CEO Herb Sargent and CFO Tasha Gardner to celebrate the conclusion of Sargent's ESOP month. The trio reflects on the significance of employee ownership, highlighting the company's remarkable ESOP growth and the direct benefits experienced by employee-owners, from stock price increases to vesting milestones. They emphasize the essential role each team member plays in building and sustaining value, fostering succession, and ensuring a prosperous future for everyone involved. With practical insights, heartfelt stories, and recognition for the collective efforts behind this success, this episode underscores the powerful impact of shared ownership and how it shapes both individual careers and Sargent's enduring legacy.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

Employee ownership is one of the most powerful, underutilized tools for founders who want to preserve their company's mission, reward their teams, and exit without selling out.In this insightful conversation, John Abrams—founder of South Mountain Company and author of From Founder to Future—shares how his decades of experience guiding his business through a successful transition to a worker cooperative gives him unmatched perspective for anyone exploring sustainable business exits. His journey is a blueprint for companies considering succession planning, especially those who want to retain values, empower teams, and build lasting community impact.Whether you're asking:“What's the best way to exit my business without losing its soul?”“How do ESOPs, co-ops, or an employee ownership trust really work?”“Is becoming a B Corp the right move for mission alignment?”...this episode delivers real answers. You'll gain clarity on the structural options available—from ESOPs, employee ownership trusts, and worker cooperatives, to innovative governance models like the Commonwealth company. John breaks down how these frameworks can align with your values and long-term vision—and how the cooperative business model isn't just idealistic; it's viable, scalable, and profitable.

Episode Summary: The Advisory Board Podcast – Paul Pickett on Purposeful Growth, Long-Term Thinking & Caring LeadershipSponsored by: ClientTetherIn this deeply insightful and refreshingly candid episode of The Advisory Board Podcast, host Dave Hansen welcomes the legendary Paul Pickett, Chief Development Officer and EVP of Franchising at Wild Birds Unlimited. With 36 years in the business and a reputation for authenticity, Paul brings more than just decades of franchise experience—he brings heart.From nurturing relationships to building legacies, Paul shares his wisdom on what really matters in franchise development: people over profits and reputation over revenue. Paul's philosophy is clear—great franchising isn't about flashy growth numbers, it's about caring, connecting, and creating sustainable, joyful businesses that serve both people and planet (or, in his case, birds!).Listeners will learn why nurturing relationships, sometimes for years, pays off in unexpected ways, and why a non-commissioned, high-integrity approach can actually yield stronger franchisee satisfaction and better long-term ROI. Paul also opens up about how Wild Birds Unlimited maintains its values-driven culture through careful growth, deep support systems, and resisting industry pressure to “sell in packs.”We also explore the power of legacy, from second-generation franchisees taking the reins to the brand's recent transition to partial ESOP ownership—ensuring the mission endures long after the founders step back.Dave and Paul don't shy away from the challenges either. They dig into the misperceptions around franchising, the need for greater public education, and why involvement with the IFA (International Franchise Association) and advocacy efforts matter now more than ever.Throughout the episode, Paul demonstrates what it means to lead with humility, consistency, and care—even if it means babysitting future franchisees during a site visit or staying in touch with non-buyers for years just because it's the right thing to do.A huge thank you to our episode sponsor, ClientTether, for supporting these meaningful conversations that push the franchise industry forward.If you're looking for a masterclass in mission-driven franchising that prioritizes kindness and sustainable growth over short-term wins, this episode is a must-listen.

Dive into the inspiring journey of Dale Carlsen, the visionary behind Sleep Train, and discover how he reshaped an industry and gave back to his community.Join host Mark Kinsley as he sits down with Dale Carlsen, the legendary founder of Sleep Train, who built a 317-store empire with a unique culture of employee ownership and community support.In this episode, Dale Carlsen shares the story of building a mattress empire and the transformative power of employee ownership. Discover how his innovative approach not only skyrocketed business growth but also changed the lives of countless employees and foster children. Dale's commitment to doing the right thing extends beyond business, highlighting the importance of community engagement and the impact of giving back.Timestamped Breakdown:[00:01] - Meet Dale Carlsen: The Visionary Behind Sleep Train[01:20] - Challenging Industry Norms: The Warranty Revolution[03:19] - Empowering Employees: The Birth of the ESOP[05:18] - Cultivating Ownership: Building a Culture of Accountability[07:10] - A Mirror of Ownership: The Moment Employees Became Owners[09:10] - Legacy of Change: Impacting Lives Beyond Business[13:36] - Focus on Foster Kids: The Genesis of Ticket to Dream[20:37] - Addressing Systemic Challenges: The Foster Care Crisis[28:29] - Sustained Success: The Power of Purpose-Driven Business[46:17] - Navigating Challenges: Lessons from the Great Recession

As the podcast discussed at the beginning of the new season- we wanted to give a strong overview of the Third-Party Administrators (TPAs) role in the ESOP. On this episode, the podcast interviews Tom Roback with Blue Ridge. The episode looks at the trends in the ESOP community and the consolidation of TPA companies.  We look to answer what challenges with TPA firms are currently being experienced and how TPAs (particularly Blue Ridge) are looking to overcome those to provide a strong partnership with their clients. Tom does an excellent job walking through a a various list of topics - this should be a helpful podcast episode along your journey to an ESOP.

In this episode of the On Track Podcast, President Eric Ritchie welcomes CFO Marcie Martelle and COO Brian Emmons from fellow Maine‑based ESOP T Buck Construction for a behind‑the‑scenes chat about what it really takes to build—and sustain—an employee‑owned company. From the legacy of founder Terry Buck and T Buck's 2020 transition to 100% employee ownership to the day‑to‑day challenges of educating crews, growing valuations, and planning leadership succession, the conversation is packed with practical lessons and honest reflections that mirror Sargent's own 12‑year ESOP journey.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, 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 today's episode, Peter Boumgarden sits down with Anna-Lisa Miller, Executive Director of Ownership Works. Her organization is built on a bold premise: that employee ownership—typically seen as separate from private equity—might actually enhance the impact of a private equity deal. It's a rare intersection of two ownership models, and Anna-Lisa provides a peak beneath the hood of this design. Listen in as we explore how these approaches can work together—and what that could mean for the future of finance-led ownership transitions in the middle market. Special Guest: Anna-Lisa Miller.

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.

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 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. 

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

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

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