Podcasts about esop

Behind every family is a money story. The way we learn about it, talk about it and pass it down shapes both our family wealth identity and our relationships. In this episode of Money Tales, our guest is Josh Gentine, a third-generation member of the family behind Sargento Foods and an advisor to enterprising families. Josh is a family business advisor, helping multi-generational families and their leaders navigate the complexities of family enterprise ownership. Josh is accredited as both a Hogan and Gallup Strengths coach. His background as an investor, advisor, corporate director, and third-generation family business owner gives him a range of perspectives to draw from when advising clients. Josh focuses his time on helping family owners transition ownership and leadership from one generation to the next, coaching family members and senior leaders, building boards of directors, and supporting operating strategies across family organizations. Josh sits on the board of directors at his family's company, Sargento Foods Inc., as well as a $700 million ESOP auto dealership group. Josh runs family executive round table groups for middle-market and large-cap family run companies, and he is currently a part-time instructor with the UNC Kenan-Flagler Business School Family Enterprise Center. Prior to starting Bench, Josh served as a Manager at Deloitte Consulting, where he focused on mergers & acquisitions as well as supporting the design of Deloitte Consulting's global talent operations. Josh earned his undergraduate degree in Finance from the University of Notre Dame and his MBA from the University of North Carolina, Chapel Hill. Josh returned to Notre Dame following his MBA to study philosophy and theology in the seminary with the intent of becoming a Catholic priest. Josh and his wife, Meredith, have two young children, Henry and Juliette, and live in Charlottesville, VA.

“Persistance. There's always something, with anything worth doing requires persistence" on the Daily Grind ☕️, your weekly goal-driven podcast. This episode features Kelly Johnson @kellyfastruns and special guest Robert Reavis, who is a Director, ButcherJoseph & Co. As a Director, Robert advises clients on mergers and acquisitions (M&A), leveraged ESOP buyout transactions, and recapitalizations. With over a decade of experience, Robert has been instrumental in advising a diverse array of privately held businesses.S8 Episode 5: 10/7/2025Featuring Kelly Johnson with Special Guest Robert ReavisFollow Our Podcast:Instagram: @dailygrindpod https://www.instagram.com/dailygrindpod/  X: @dailygrindpod https://x.com/dailygrindpod Facebook: https://www.facebook.com/dailygrindpodTikTok: https://www.tiktok.com/@dailygrindpodPodcast Website: https://direct.me/dailygrindpod  Follow Our Special Guests:Website: https://butcherjoseph.com/ Instagram: @butcherjosephco https://www.instagram.com/butcherjosephco  X: @ButcherJosephCo

A candid business podcast for growth-minded leaders and entrepreneurs. Hosted by Josh Zolin. The truth about leadership, business, and becoming who you're meant to be.   What happens when a CEO stops optimizing for the quarter and starts optimizing for people? Henny Penny's Rob Connelly walks us through why they converted to an ESOP (employee stock ownership plan), how it changed behavior on the floor, and the leadership credo that guided the journey: “Savor the day while always learning for a better tomorrow.” We talk long-view decision making, radical accountability, and why “start with people and the numbers will follow” isn't just a slogan — it's the operating system. — Guest: Rob Connelly, Executive Chairman, Henny Penny Topics: ESOP mechanics, culture shifts, long-term vs short-term, optimism with realism, profit sharing, supplier health, zero-layoff philosophy.

In this episode, Jason tells a campfire story to illustrate the learning process of the ‘ESOP language' and its importance on your Journey to an ESOP and Beyond. He discusses the importance of language in communication, highlighting its role in conveying ideas and facilitating collaboration.

For business owners thinking about their exit, the choice often seems limited to selling to a competitor or to a private equity firm. But there's a third option, ESOPs, that secures their legacy and rewards the very people who helped build the company. Royer Cooper Cohen Braunfeld's Andy Rudolph, Marc Hirschfield and David Dalesandro take a deep dive into Employee Stock Ownership Plans to break down how this unique succession path works — from the powerful tax advantages to the mechanics of financing the deal. They also explore the founder's role after the sale and the keys to building a thriving ownership culture long after a transition.

Blunt Business welcomes Darren Gleeman, author of "The Cannabis ESOP Architect," to discuss how Employee Stock Ownership Plans (ESOPs) offer a revolutionary, IRS-approved, zero-tax exit strategy for cannabis businesses, making the 280E tax irrelevant. Darren explained that ESOPs are the only significant M&A activity in the cannabis sector, fostering employee engagement and retention by turning them into owners with bulk payouts upon leaving, while increased cash flow from tax savings fuels company growth. He also stated that federal rescheduling would enhance ESOP benefits, and discussed the book's role in educating the industry and his interest in advertising strategies for client acquisition.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

ESOPs (Employee Stock Options) are one of the least understood parts of compensation in India. Are they wealth creators or just glorified lottery tickets? We break down everything you need to know, the trade-off between salary and ESOPs, the risks of taxation and dilution, and how exits, IPOs, and secondary markets really work. From early employee bets to Flipkart's game-changing Walmart deal, we explore stories that show both the pitfalls and life-changing rewards. If you've ever been offered ESOPs or are considering them. This podcast will help you make informed decisions about your financial future. Chapters: 00:00 - Intro 02:57 - Salary vs ESOP: the real trade-off 15:02 - ESOPs ≠ Shares? 28:35 - Should companies help you exit? 37:41 - Black-Scholes for expense 40:39 - Why not just give shares? 45:59 - Promoters/Directors rules in India 50:11 - What every employee must check in their ESOP package! 57:20 - After the payout: diversify & spend

In our next Esop Sofa webinar, the Esop Centre's panel of experts discuss recent progress of the Private Intermittent Securities and Capital Exchange System (PISCES) – and look at how those updates might affect employee share plan implementation.Speakers:Veronika Oswald is a commercial capital markets professional with almost 20 years of experience spanning secondary share trading, corporate finance, and investor relations. She is well-versed in FCA regulations, UK listing frameworks, and compliance requirements across both the Main Market and junior exchanges such as AIM and Aquis. Veronika is a Director at JP Jenkins, the UK's longest-established platform for trading unlisted securities, where she leads client acquisition, liquidity solutions, and capital raising initiatives. She also serves as a Director of InfinitX Ltd, focused on building institutional-grade infrastructure for private market access. Her track record includes advising private and delisted companies, structuring compliant liquidity pathways, and delivering complex mandates involving CREST integration and alternative investment structures. Veronika is recognised for her expertise in broadening access to private markets and developing innovative, regulatory-compliant solutions for issuers and investors alike.Ifty Nasir is the founder and CEO of Vestd, the platform that takes the cost and complexity out of setting up and managing share schemes for UK SMEs. He is a strong believer in the ‘Ownership Effect' and advises businesses on how to share equity to incentivise teams and unlock value. An entrepreneur since his teens, Ifty reached the most senior levels at BP and Essar Energy before branching out into the world of startups, setting out to uncover the challenges facing companies in 2014 and found that poor equity management was a serious startup killer. Along with cofounder Naveed Akram, Ifty launched Vestd as a remedy. Known as a creator of ShareTech, Ifty's opinion is trusted and sought across the media and the startup world.Damian Carnell is the Founder and Director of CORPGRO, a reward consultancy specialising in executive incentives and share plans. He has extensive experience advising all kinds of companies on all aspects of executive compensation and employee share plans, both in the UK and worldwide. He was previously with Willis Towers Watson, Aon, and Ernst and Young. Damian has wide-ranging experience in supporting business strategy and aims. He is fully familiar with Corporate Governance norms and institutional shareholder views as well as extensive experience of helping unlisted companies with top pay and share plans.Interested in watching our webinars live, or taking part in the production of our research? Join our community at: https://bit.ly/3sXPpb5

What if a fried chicken fryer sparked a global movement in conscious business?In this episode of The Conscious Capitalists, hosts Timothy Henry and Raj Sisodia sit down with Rob Connelly, Executive Chairman of Henny Penny, a 100% employee-owned food service equipment manufacturer serving the world's busiest kitchens, from Chick-fil-A to McDonald's.Rob shares the remarkable story of how a small-town company became a global leader in innovation while staying true to its purpose: positively impacting people. From navigating COVID without a single layoff, to pioneering employee ownership through an ESOP model, to creating an on-site health clinic and wellness programs for employees, Henny Penny proves that putting people first drives resilience, growth, and innovation.This conversation goes beyond business mechanics, it's about culture, stewardship, and the soul of a company. Rob opens up about his leadership journey, the mentors who shaped him, and why he believes companies must focus on people before numbers.Listeners will gain insights into:How Henny Penny doubled its business after COVID without layoffs or pay cutsThe power of employee ownership and why ESOPs align with conscious capitalismWhy innovation starts with long-term relationships, not just technologyPractical ways to build a “best place to work and grow” cultureRob's belief that companies can (and should) have a soulLessons on intentional leadership, well-being, and building businesses that last 100 yearsWhether you're a CEO, entrepreneur, or simply curious about people-first business, this episode offers a living case study in how to thrive by doing good.**If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & Raj

ESOPs for ArchitectsIn this episode of Build Smart, Mark R. LePage sits down with Matt Middendorp, Director of ESOP Consulting at Vision Point Capital, to demystify the world of Employee Stock Ownership Plans (ESOPs) for architects and design firm owners. They explore how ESOPs work as both a business transition strategy and a tool for building long-term employee wealth. Matt explains the financial and cultural benefits of this model, from creating buy-in at every level of a firm to offering owners an alternative to traditional succession paths. He also outlines common pitfalls to avoid when approaching an ESOP and stresses the importance of aligning company culture with ownership goals.Matt shares his personal journey into the ESOP space, beginning with his time at an ESOP-owned company during college that sparked his passion for employee ownership. With a background spanning banking, entrepreneurship, and consulting, Matt brings a rich perspective on how ESOPs can change the trajectory of a business. He highlights the valuation process, the timeline firms should expect for implementation, and the need for transparency throughout the transition. For architects wondering if an ESOP is the right fit, Matt provides clear insights into what the process looks like and how it affects daily operations.Beyond technical details, the conversation emphasizes the human side of ESOPs—how ownership impacts morale, culture, and the sense of shared purpose in a firm. Matt points out that employee ownership is more than a financial arrangement; it's about creating sustainable businesses that thrive well beyond their founders. With his practical expertise and passion for education, Matt helps leaders envision how ESOPs can serve as both a growth strategy and a legacy plan. Whether you're an architect preparing for succession or simply curious about alternative ownership models, this episode offers the clarity and context you need to start exploring ESOPs.This week at EntreArchitect Podcast, ESOPs for Architects with Matt Middendorp.Find Matt online at Vision Point Capital, email him at matt.middendorp@visionpointcapital.com, and connect with him on LinkedIn.Please Visit Our Platform SponsorsArcatemy is Arcat's Continuing Education Program. Listen to Arcat's Detailed podcast and earn HSW credits. As a trusted provider, Arcat ensures you earn AIA CE credits while advancing your expertise and career in architecture. Learn more at Arcat.com/continuing-education.Visit our Platform Sponsors today and thank them for supporting YOU... The EntreArchitect Community of small firm architects.

In this episode, I'm joined by Wes and Doug from Alpha Architect to dive deep into the world of Employee Stock Ownership Plans (ESOPs). We talk about the options for selling a business, like selling to competitors or private equity, and break down the unique benefits of ESOPs. Some highlights:What is an ESOP and how does it function?Tax benefits for business owners and employeesWho is a good candidate for an ESOP?Real-life examples and success stories-------✅ Financial planning for 30-50 year old entrepreneurs: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.allstreetwealth.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠✅ My personal blog & newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.thomaskopelman.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.

In this episode, Makenzie breaks down a leveraged ESOP transaction and the resulting impacts to a company's financial statements. This episode highlights the journal entries required for a simplified, leveraged ESOP transaction in accordance with generally accepted accounting principles including common mistakes to avoid. 

Chuck Monico is the CEO at Ryan Lawn & Tree, where he helps associates and leaders discover and develop their full potential, empowering them to become the best versions of themselves while achieving personal and professional growth. Chuck has over 30 years of experience in leadership combined with community involvement and holds a degree in Accounting from the University of Nebraska at Omaha. Chuck believes that his work positively impacts not only the lives of Ryan Lawn & Tree associates but also the customers and communities that RYAN serves.

In this special episode, we're breaking down the basics of ESOPs—Employee Stock Ownership Plans. Whether you're hearing the term for the first time or just want a clear, beginner-friendly explanation, this episode is for you. Our guest - Matt Middendorp shares what an ESOP is, how it works, who it benefits, and why more companies are considering it as a smart succession or employee engagement strategy. Simple, direct, and informative—consider this your crash course in ESOPs.Matt Middendorp, the Director of ESOP Consulting at Vision Point Capital, is a seasoned entrepreneur, and a passionate advocate for employee ownership. With a strong foundation in banking and consulting, Matt's journey began at an ESOP-owned company during college, where he developed a lifelong appreciation for the transformative culture of ESOPs.An award-winning banker and successful business owner, Matt now dedicates his career to guiding business owners in adopting and thriving with ESOPs. As a sought-after speaker and contributor in the industry, he brings valuable insights into every conversation.Outside of work, Matt enjoys musky fishing, competing in triathlons, and exploring fossil digs.Contact Information Matt Middenorp- matt.middendorp@visionpointcapital.com or 715.897.0879.Benny Carreon- Velocity Technology Group- benny@velocitytechnology.group;https://velocitytechnology.group/Dennis Jackson-WorX Solution- dennisj@worxsolution.com ; www.worxsolution.comwww.wfhwith2guys.com

In this special episode, we're breaking down the basics of ESOPs—Employee Stock Ownership Plans. Whether you're hearing the term for the first time or just want a clear, beginner-friendly explanation, this episode is for you. Our guest - Matt Middendorp shares what an ESOP is, how it works, who it benefits, and why more companies are considering it as a smart succession or employee engagement strategy. Simple, direct, and informative—consider this your crash course in ESOPs.Matt Middendorp, the Director of ESOP Consulting at Vision Point Capital, is a seasoned entrepreneur, and a passionate advocate for employee ownership. With a strong foundation in banking and consulting, Matt's journey began at an ESOP-owned company during college, where he developed a lifelong appreciation for the transformative culture of ESOPs.An award-winning banker and successful business owner, Matt now dedicates his career to guiding business owners in adopting and thriving with ESOPs. As a sought-after speaker and contributor in the industry, he brings valuable insights into every conversation.Outside of work, Matt enjoys musky fishing, competing in triathlons, and exploring fossil digs.Contact Information Matt Middenorp- matt.middendorp@visionpointcapital.com or 715.897.0879.Benny Carreon- Velocity Technology Group- benny@velocitytechnology.group;https://velocitytechnology.group/Dennis Jackson-WorX Solution- dennisj@worxsolution.com ; www.worxsolution.comwww.wfhwith2guys.com

On this episode, Jason Miller interviews Makenzie Wirth, the newest member of our Journey to an ESOP team. From a career in public accounting to her current role in ESOP advisory, Makenzie discusses her journey in learning about employee ownership over the last several months. The podcast highlights her fresh perspective on ESOPs and employee ownership and includes a sneak peak of what she will bring to the podcast in future episodes. 

A few months ago, John Abrams—author of From Founder to Future—joined us to talk about succession strategies and the different ways business owners can share ownership with employees. For his own business, John chose one of the more radical options: he turned his construction firm into a worker cooperative. Perhaps surprisingly, the more he described the co-op model, the more intrigued Jay Goltz became—although, predictably, Jay did retain a degree of skepticism. So we asked John to come back on the podcast to help Jay dig a little deeper: Are co-ops really all about democracy? Does someone on the loading dock get the same vote as the CEO? How do profits get split in the co-op model? How do losses get absorbed? How are loans secured without burdening frontline workers with personal guarantees? And perhaps most important: What can go wrong? In the end, I think surprising even himself, Jay failed to identify any real dealbreakers.Show Notes:Get a free trial of the Morning Report.Learn more about the Cooperative Fund of the Northeast.This is the podcast episode where Jay Goltz talks about how to do a We-SOP.

How did a mattress company put $117 million into employees' pockets—and grow 800% in four years? The truth will shock you.

In this episode Jason flies a little too close to the sun when discussing the impact of a company's structure on its ability to harness the power of employee engagement. The discussion covered how employee engagement impacts business success, with comparisons to different types of civilizations and their energy usage, including the idea of harnessing this energy effectively. Overall, this is episode provides recommendations for improving employee engagement levels within companies, emphasizing the importance of collective effort and the role of successful businesses in supporting local economies. 

In this episode, Jason Miller interviews Miriam Agrell and Kavita Vora from The Fraction Collective. Throughout the conversation, they highlight different ways that creative agencies and ESOPs intersect. The group discusses the reality of succession planning and how ESOPs are an attractive option for business owners who are looking for an exit strategy.

Government contractors struggle with exit and succession planning for multiple reasons, while the majority of transaction activity in the market these days has some level of private equity involvement on either side.But companies that want to remain independent, the employee stock ownership plan can be an alternative transaction that creates liquidity and incentives for the shareholders.David Blauzvern, a managing director at CSG Partners and a specialist in these transactions, joins for this episode to explore all it takes to go down the ESOP path after a company decides on it.Blauzvern also tells our Ross Wilkers about certain instances where ESOP companies can stand out to the government customer. Of course, they also go over which companies the ESOP model can be right for and those it is not.

In this podcast episode, Jason discusses the best ways to approach succession planning. He focuses on tackling succession with intention and covers common obstacles that stand in the way of owners achieving their vision for a successful ownership transition. 

In this episode of the Finish Big Podcast, host Mark Dorman welcomes back Corey Rosen, founder of the National Center for Employee Ownership (NCEO), for Part 2 of their conversation on alternative ownership structures—specifically, the Employee Ownership Trust (EOT). Following their earlier discussion on Employee Stock Ownership Plans (ESOPs), Mark and Corey explore how EOTs differ, their origins, and why some business owners may choose them over ESOPs. They cover the practical, cultural, and philosophical factors driving this emerging succession strategy in the U.S. Mark and Corey discuss: EOT Origins & Growth: How the model evolved in the UK (inspired by the John Lewis Partnership) and its rapid adoption overseas. Key Differences from ESOPs: Costs, complexity, tax implications, and the flexibility to set custom rules for ownership and profit distribution. Ideal Candidates: Why smaller companies (often under 50 employees) and owners committed to long-term independence may benefit most. Purpose Trusts: How some companies, like Patagonia, use ownership trusts for social and environmental missions. Succession Planning Considerations: When an EOT makes sense versus a management buyout, phantom stock, or other equity models. NCEO's Role: Resources, research, and networking opportunities for companies exploring employee ownership. Connect with Mark Dorman: Succession Plus US LinkedIn: Mark Dorman LinkedIn: Succession Plus Facebook: Succession Plus (330)-416-9271 mdorman@succession.plus About the Guest: Corey Rosen is the founder of the National Center for Employee Ownership (NCEO). A former Capitol Hill staffer and political science professor, Corey helped draft early ESOP legislation in the 1970s and has since authored numerous books and research papers on employee ownership. Today, he leads NCEO's mission to educate and support businesses considering employee ownership as a sustainable, wealth-building alternative to traditional exits.  

Brian Baughman, CPCU, ARM - ESOP Evangelist and VP of Sales at The Hartwell Corporation. We chat about why it makes sense for agencies to adopt an Employee Stock Ownership Plan (ESOP) and what the advantages are. All employees are automatically owners after roughly a year. This aligns incentives in a way virtually impossible in other types of ownership structures. A very interesting conversation! Brian Baughman: https://www.linkedin.com/in/brian-baughman-cpcu-arm/The Hartwell Corporation: https://www.thehartwellcorp.com/Video Version: https://youtu.be/Zwb2At9v-ak

In this episode, the podcast interviews Steve Baker, Vice President of Great Game of Business, Inc. Steve gives insight into the importance of financial literacy in building a company's value through a culture of accountability, the dignity of equity ownership, and the hope of a financially successful future. To join us at the Great Game of Business Conference in September, please follow the link below!  Learn more about the Great Game of Business Conference: https://www.greatgame.com/conference-2025Learn more about Steve Baker: https://www.greatgame.com/about/our-team/steve-baker

In this episode of Finish Big the Podcast, Host Mark Dorman is joined by Corey Rosen, founder of the National Center for Employee Ownership (NCEO) and one of the world's leading experts on employee ownership. Corey shares his decades-long journey—from drafting the original ESOP legislation on Capitol Hill to helping thousands of business owners implement employee stock ownership plans. He and Mark explore the massive impact ESOPs can have on succession, company culture, employee wealth, and long-term legacy. Mark and Corey discuss: From Policy to Practice: How Corey transitioned from political science professor to Capitol Hill staffer, eventually founding the NCEO in 1981. ESOP Growth & Tax Advantages: The rise of employee ownership, how ESOPs work, and why their tax advantages make them a powerful tool for succession. Bipartisan Appeal: Why ESOPs remain one of the rare ideas with support across political lines—from Elizabeth Warren to Tommy Tuberville. Succession Planning Realities: Why ESOPs offer flexible exit options for baby boomer business owners, while preserving legacy and rewarding employees. Section 1042 & Tax Deferral: A deep dive into how sellers can defer capital gains taxes through reinvestment, and the lesser-known wealth-building benefits of ESOPs. Who Should Consider an ESOP?: The financial, managerial, and structural conditions that make a company ideal for employee ownership. Culture and Engagement: Why communication, open-book management, and employee involvement are the key to successful ESOP-driven transformation. Connect with Mark Dorman: Succession Plus US LinkedIn: Mark Dorman LinkedIn: Succession Plus Facebook: Succession Plus (330)-416-9271 mdorman@succession.plus About the Guest: Corey Rosen is the founder of the National Center for Employee Ownership (NCEO). A former Capitol Hill staffer and political science professor, Corey helped draft early ESOP legislation in the 1970s and has since authored numerous books and research papers on employee ownership. Today, he leads NCEO's mission to educate and support businesses considering employee ownership as a sustainable, wealth-building alternative to traditional exits.

This episode uses the classic film, Indiana Jones, as our feature film. The podcast utilizes this retro film as an example of something that never goes out of style-just like business owners helping their employees! The question the podcast discusses is if an ESOP is the best option for your company and people? This is a common question on anyone's journey to an ESOP. The podcast attempts to help listeners asses where they are in company development of employee engagement. 

What if there was a legal way for cannabis companies to eliminate federal income tax and reward employees with ownership at the same time? Darren Gleeman, Managing Partner of MBO Ventures, joins the show to break down the rise of ESOPs (Employee Stock Ownership Plans) in the cannabis industry. In this episode, we explore: Why ESOPs are a "game-changer" for cannabis companies  How they help companies legally avoid the burden of 280E  What MSOs (multi-state operators) and smaller cannabis businesses need to know  How selling your company to your employees can boost valuation, reduce taxes, and create long-term loyalty  The surprising political role cannabis could play in the 2024 election  Whether you're an operator, investor, or just curious about business strategy in cannabis, this is a conversation you won't want to miss.

In this podcast episode, ESOP attorney John Burgess returns to share what business owners should anticipate in the months following an ESOP transaction. From governance changes to employee communication and administrative next steps, Burgess offers practical insights to help new ESOP companies navigate the critical post-formation period with confidence.

In this insightful episode of the People-First Builders Podcast, host Fletcher Wimbush speaks with Ryan Schmidt, CEO and Visionary at Petticoat-Schmitt Civil Contractors, Inc. His 300-person firm is redefining success in heavy civil construction by building a culture centered on growth, ownership, and values-driven leadership. Ryan shares the full story of how his firm nearly failed after a series of disastrous projects and financial hardship. Instead of cutting losses, he doubled down on his people. He opened the company books, shared real-time financials with everyone from laborers to executives, and began a journey toward full employee ownership through an ESOP. In this conversation, you'll learn: How Ryan guided Petticoat-Schmitt Civil Contractors, through its lowest point and emerged with a stronger team and culture Why every new hire, including laborers and field workers, goes through a structured two-day onboarding program led by Ryan himself How radical transparency and profit sharing created deep loyalty when the company was losing money What inspired the creation of “The Forge,” an internal training facility staffed by top performers turned full-time coaches How Ryan stepped back from day-to-day operations by naming a company president, allowing him to focus entirely on vision, people, and culture How the company conducts weekly all-staff financial huddles to help every employee think and act like an owner Why company values such as accountability, character, and team are reinforced through regular events, team breakfasts, and internal rituals How the team reacted when they received their first ESOP stock statements and saw the long-term rewards of ownership Why Ryan believes he is more fulfilled as a partner to his employee-owners than he ever was as a solo founder Ryan's story is not just about surviving adversity. It is about creating a business that invests in people at every level. From new hire training to internal leadership development and long-term wealth building, Petticoat-Schmitt Civil Contractors' culture is built to last. Whether you're a contractor, business owner, or simply passionate about values-based leadership, this episode offers a real-world blueprint for building a company that thrives through its people.

In this episode of the Power Producers Podcast, David Carothers isjoined by BrianBaughman, VP of Sales at the HartwellCorporation. They delve into the fascinating world of ESOPs(Employee Stock Ownership Plans) within the insurance industry. Brian sharesvaluable insights on how ESOPs work, their benefits, and why this ownershipstructure is a game-changer for businesses looking to create long-term wealthfor their employees. They discuss the significance of fostering ownershipculture, the challenges and advantages of implementing ESOPs, and how itimpacts recruiting and retention in today's competitive job market. Key Highlights: What is an ESOP? Brianexplains the basics of ESOPs and how they offer employees ownership in thecompany, ultimately leading to long-term wealth building. Benefits of an ESOP The conversation breaks down the primary benefits of ESOPs: ownership legacy,tax incentives, and how they can be a major factor in recruitment andretention of top talent in the insurance industry. ESOPs in the Insurance Industry Brianemphasizes how ESOPs are changing the game for insurance agency owners,offering an alternative to selling to third parties and ensuring employees'long-term financial security. Recruitment & Retention with ESOPs David and Briandiscuss how ESOPs help agencies attract and retain top-tier talent,particularly in an era of remote work and poaching from larger agencies. The Challenges of Implementing an ESOP While ESOPs offer many benefits, Brian highlights the time, financialinvestment, and compliance involved in establishing one. He shares hisexperiences with clients who have successfully transitioned to ESOPs. ESOP for Long-Term Stability Brianexplains why ESOPs offer more stability compared to selling to private equityfirms or competitors, allowing agency owners to protect their legacy and theiremployees' futures. Connect with: David CarothersLinkedIn Brian BaughmanLinkedIn Kyle Houck LinkedIn Visit Websites: PowerProducer Base Camp The Hartwell Corporation Killing Commercial Crushing Content Power Producers Podcast Policytee The Dirty 130 The Extra 2 Minutes    

On this episode of the Inner Edison podcast, host Ed Parcaut chats with Eric Brotman, a seasoned financial advisor and entrepreneur, about his unconventional journey into the world of finance and the lessons learned along the way. Eric shares how a failed plan to become a lawyer led him by accident into finance, his entrepreneurial leap after starting over from scratch at age 30, and how adversity—like the 2008 recession—shaped his business and personal growth. Ed and Eric dive deep into the realities of entrepreneurship: the risks, the need for resilience, and the lessons that come from setbacks. Eric shares actionable insights on building financial independence, including practical strategies for tax diversification, the use of whole life insurance, and the importance of financial literacy for business owners and families alike. They also discuss Eric's philosophy behind his book, “Don't Retire… Graduate,” which challenges the conventional notion of retirement and encourages listeners to plan for a financially free and fulfilling next chapter. Along the way, the conversation covers mistakes, management missteps, innovations during the pandemic, and the value of aligning company culture for long-term success. Whether you're an aspiring entrepreneur or a seasoned business owner, this episode is packed with candid stories, practical advice, and a refreshing perspective on success, failure, and building a life (and business) you love. Listen now to get inspired, learn, and grow from real-life “Edison moments” with Ed Parcaut and guest Eric Brotman! **Contact Ed Parcaut:** -

On this podcast episode we reference the movie Kon Tiki, which documents the journey of a Norwegian scientist on a raft built with natural materials and proves the ancient peoples sailed to the Polynesia islands.  The trip took 4300 miles in ocean currents without a motor. The podcast uses the concept of “wind in the sails” to review the tax benefits that ESOP companies experience. Specifically, this episode dives into defining an S-Corporation ESOP, which means that either in part or in whole the ESOP-owned company has a permanent tax benefit given the income tax is exempt on both the state and federal level.  

In “Navigating the Numbers: Tariffs, AI, and The Future of Supply Chains”, Joe Lynch and Corey DeSantis, BDO's Logistics and Transportation Subject Matter Expert, discuss the evolving landscape of global trade, the transformative power of artificial intelligence, and strategies for building resilient supply chains for tomorrow. About Corey DeSantis Corey DeSantis serves as BDO's Logistics and Transportation Subject Matter Expert, supporting clients in manufacturing, automotive, telecommunications and food manufacturing.  Corey improves the condition of BDO's clients through making data-driven decisions to optimize performance within their networks. He brings a decade of industry experience, working at some of the largest 4PLs in North America.  In roles across transportation operations and transportation procurement, Corey has executed complex solutions for companies in the manufacturing, distribution, and retail sectors.  His work includes executing RFPs, identifying cost and performance improvement opportunities, and driving mode optimization. Corey is serving his second term on CSCMP's Transportation Center of Excellence, sitting on their Modes Committee.  Corey also serves as the President of the CSCMP Pittsburgh's Roundtable.  His work on better practices for optimizing freight procurement strategies has been featured in Supply Chain Management Review. About BDO BDO's purpose is helping people thrive, every day. The organization is focused on delivering exceptional and sustainable outcomes and value for its people, clients, and communities. BDO is proud to be an ESOP company, reflecting a culture that puts people first. BDO professionals provide assurance, tax, and advisory services for a diverse range of clients across the U.S. and in over 160 countries through its global organization. BDO is the brand name for the BDO network and for each of the BDO Member Firms. BDO USA, P.C., a Virginia professional corporation, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. For more information, please visit: www.bdo.com. Key Takeaways: Navigating the Numbers: Tariffs, AI, and the Future of Supply Chains In “Navigating the Numbers: Tariffs, AI and The Future of Supply Chain”, Joe Lynch and Corey DeSantis, BDO's Logistics and Transportation Subject Matter Expert, discuss the evolving landscape of global trade, the transformative power of artificial intelligence, and strategies for building resilient supply chains for tomorrow. Global Tariffs & Supply Chain Strategy: This episode explores how changing tariffs impact freight costs, sourcing, and overall supply chain strength. Expect insights on navigating complex trade policies. Data-Driven Supply Chain Optimization: The emphasis here is on leveraging smart data and analytics to identify savings, boost efficiency, and improve supply chain performance, especially with tariffs and dynamic markets in mind. AI's Role in Modern Supply Chains: A central theme is how AI is transforming supply chain operations. This covers its applications from predicting demand to optimizing routes and autonomous logistics. Strategic Procurement & Carrier Management: Learn how companies can strategically manage their relationships with carriers and conduct RFPs to achieve optimal costs and service, even amid unpredictable tariffs and rapid technological advancements. Adapting to Future Supply Chain Challenges: This forward-looking perspective offers strategies for building more flexible, resilient, and sustainable supply chains in the face of geopolitical shifts, tech disruptions, and evolving customer needs. Balancing Cost & Service in Logistics: This takeaway provides a nuanced view on avoiding short-term cost cuts that compromise long-term carrier relationships or service quality, especially as new technologies emerge and tariffs shift. Expertise in Complex Supply Chains: It's highlighted that external guidance and specialized knowledge are invaluable. Experts can help businesses navigate intricate tariff challenges, effectively integrate AI, and strategically plan for the future of their supply chain. Learn More About Navigating the Numbers: Tariffs, AI, and The Future of Supply Chains Corey DeSantis | Linkedin BDO | Linkedin BDO BDO | Manufacturing The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn, Overcast Check out The Logistics of Logistics on Youtube  

Scott Hennen returns to the mic with a loaded edition of What's On Your Mind, blending tech innovation, national politics, smoky frustrations, and a healthy helping of North Dakota pride. He kicks off reflecting on his recent solo-hosting stint, explains what really happened with co-host Kevin's mysterious "disappearance," and launches into a vibrant lineup of guest interviews and political insights. Highlights include: A deep dive into North Dakota's role as the epicenter of ag tech innovation, featuring Senator Terry Wanzek and Grand Farm visionary Greg Tehven. A grassroots-level explanation of how Employee Stock Ownership Plans (ESOPs) are transforming local businesses like Hot Spring Spas & Pool Tables 2. A fiery chat with Senator Kevin Cramer about the "One Big Beautiful Bill" (OBB), wildfire frustrations with Canada, and concert reflections from the record-breaking Lauren Daigle show. A practical, plain-English tax breakdown from Congresswoman Julie Fedorchak, who outlines how OBB provisions could affect your paycheck, farm, and local economy. ⏱️ Standout Timestamps & Segments: 0:00 – 1:43

Collision shop owners exploring succession planning are hearing more about ESOPs—and for good reason. These employee stock ownership plans offer a unique way to create liquidity while keeping the business intact and rewarding the team that helped build it.In this episode, Matt Di Francesco sits down with Steven Golden, ESOP expert and managing director at CSG Partners, to break down what makes these plans so powerful. From Section 1042 tax rollovers to retaining a role in the business post-sale, Steven shares how ESOPs can support a smooth exit and a lasting legacy.Matt and Steven also talk about:(02:09) The core benefits of ESOPs and Section 1042(03:30) Why a C-Corporation structure is essential for ESOPs(05:16) How the ESOP trust and trustee work in the sale process(07:51) Where does the ESOP get its money to buy shares (11:25) The financial complexities and costs of setting up an ESOP(14:55) Are smaller collision shops eligible for ESOPs too?(21:19) Why ESOPs are a win-win for owners and employees(22:35) How employee shares grow and get paid out in retirement(24:53) Addressing ESOP misconceptions and early advice for shop ownersConnect With Steven GoldenWebsite: https://www.csgpartners.com/Phone: 516-680-8276Connect With Matt DiFrancesco:matt@highliftfin.com(814)201-5855LinkedIn: Matt DiFrancescoLinkedIn: High Lift FinancialFacebook: High Lift Financial Instagram: @high_lift_financialYouTube: @highliftfinancialAbout the guest:Steven Golden brings decades of experience in accounting, tax strategy, and employee ownership planning to his role on the investment banking team at CSG Partners. A longtime advisor on CSG-led transactions, Steven now works directly with middle-market companies to implement and optimize ESOP (Employee Stock Ownership Plan) strategies.Before joining CSG in 2022, Steven spent over 25 years at CBIZ MHM, where he served as Managing Director and held various leadership positions. There, he built a national reputation working with high-net-worth individuals, closely held businesses, and public companies specializing in insolvency, estate planning, and ESOP design. He's also served as a trusted expert witness and tax consultant for law firms nationwide.Originally from Buffalo, New York, he has spent much of his professional life in Southern California and now resides in Las Vegas. He is a member of the American Institute of CPAs and remains a respected voice in the ESOP and accounting communities.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.High Lift Financial is a DBA for DiFrancesco Financial Concierge, LLC.  Investment advisory services are provided through Cornerstone Planning Group, LLC, an independent advisory firm registered with the Securities and Exchange Commission.

This week, in Episode 254, Jay Goltz, Mel Gravely, and special guest John Abrams have a frank conversation about what business owners can do to avoid what John calls the “fat-wallets-and-broken-hearts syndrome.” That's his term for what can happen when an owner sells to private equity and the company ends up getting stripped. Jay, Mel, and John all agree they want no part of that. They all would like to see their businesses continue on without them. And yet, in thinking about succession, they've chosen different paths. In a conversation sparked by the recent publication of John's book, From Founder to Future, we discuss those choices along with such issues as: why there are so few employee-owned businesses, whether they outperform other businesses, how you can finance the sale of a business to employees, whether the employee owners of an ESOP are truly owners, and whether a worker co-op model just might work for a hard-bitten, old-school owner like Jay Goltz.

On this podcast episode, we interview Andy Hines - founder of Hines Pool and Spa from Austin, TX. Hines Pool and Spa is an excellent example of a successful approach to an ESOP transaction.  Andy shares his experience with researching ESOPs in relation to Private Equity.  Like many companies, Andy found that the ESOP was a better alternative for not just the company, but for himself and his family. Andy shares some of the lessons he learned early in the process, providing some practical tips for those on their own journey to an ESOP. 

What can a smart business leader learn from a softball field to build a thriving, multi-million-dollar company? If you've ever wondered how to build a resilient company culture, lead with decisiveness, and navigate the messy beauty of running a family business, this episode is for you. Derek Volk, third-generation CEO of Volk Packaging, shares unfiltered stories and hard-earned leadership lessons drawn from the softball diamond and decades in the corrugated box industry. Whether you're in manufacturing, family business, or just looking to lead with more clarity, you'll find yourself nodding along. By the end of this episode, you'll walk away with: A powerful mindset shift around decision-making that could change how you lead under pressure A fresh take on company culture rooted in loyalty, trust, and “no bureaucracy” empowerment Real strategies for growing a family-owned business without losing your soul—or your sanity Hit play now to discover how to lead like a coach, build a team that thinks like owners, and create a business your customers love doing business with. Check out: [10:34] – How Derek's family turned a GE stationery account into a multi-generational manufacturing empire [28:47] – The softball coaching philosophy that inspired his bestselling business book, “Go For Third” [51:10] – A candid look at succession planning, ESOP dilemmas, and what it really means to build a business worth inheriting About Derek Volk Derek Volk is the owner of Volk Packaging Corporation, a third-generation family-owned and operated corrugated box manufacturer in Biddeford, Maine, and Volk Paxit, a contract packaging fulfillment center in Sanford, Maine.  He released his second book, Go for Third: Leadership Lessons from the Softball Field to the Workplace in 2024.  Derek has been working at Volk Packaging since high school and has been running the company for over 20 years.  Derek is a Maine businessman, best-selling author, former radio personality, and nationally recognized public speaker.  He is a grateful supporter of veterans' organizations and created the Volk Packaging Heroes Wall as a way to honor members of the US Armed Forces, past and present.  Derek was named the 2015 Spurwink “Humanitarian of the Year.”  That same year, Maine Biz named Derek to their NEXT List, recognizing him as one of Maine's business trailblazers.  In 2020, Derek was inducted into the Manufacturer's Association of Maine's “Manufacturer's Hall of Fame.”  

My mission at Wealth Formula Podcast is to provide you with real financial education. You may have heard of something called the Dunning-Kruger curve. In short, when you start learning something new, you know that you don't know anything. That's the safe zone. The dangerous part is what I call the red zone—when you've learned just enough to think you know a lot, but really… you don't. Then, eventually, if you keep learning, you get to the point where you finally realize how little you actually know—and how much more there is to understand. That's kind of where I am now. And so, the only thing I can do—and the only thing I encourage you to do—is to keep learning more than we knew yesterday. Take this week's episode. We're talking about Employee Stock Ownership Plans, or ESOPs. Until recently, I didn't fully understand how they worked. And I'd bet most business owners don't either. Which is exactly why this episode matters. Even if you don't currently own a business or a practice, I still think it's important to learn about strategies like this—because someday you might. And in the meantime, you're expanding your financial vocabulary, which is always a good investment. So, what is an ESOP? At its core, an ESOP is a legal structure that allows you to sell your business to a trust set up for your employees—usually over time. It's a way to cash out, preserve your legacy, stay involved if you want to, and unlock some massive tax advantages in the process. But before we talk about all the bells and whistles, let's address the number one question that confuses almost everyone—including me: Where does the money come from? If you're selling your company to a trust, and your employees aren't writing you a check… how the hell are you getting paid? Here's the answer: You're selling your business to an ESOP trust, which is a qualified retirement trust for the benefit of your employees. That trust becomes the buyer. But like any buyer, it needs money. So how does it pay you? There are two main sources: Bank financing – Sometimes, the ESOP trust can borrow part of the purchase price from a lender. Seller financing – And this is the big one. You finance your own sale by carrying a note. That means you get paid over time, through scheduled payments—funded by the company's future profits. The company continues to generate cash flow, and instead of paying it out to you as the owner, it pays off the loan owed to you as the seller. So yes—it's a structured, tax-advantaged way to convert your equity into liquidity using your company's own future earnings. You're not walking away with a check on Day 1—but you are pulling money out of the business steadily and predictably, often with interest that beats what a bank would offer. And here's the kicker: If your company is an S-corp and becomes 100% ESOP-owned, it likely pays no federal income tax, and often no state income tax either. That means a lot more money stays in the business—available to fund your buyout faster. If you're a C-corp, you might even qualify for a 1042 exchange, which can defer or eliminate capital gains taxes entirely if you reinvest the proceeds in U.S. securities. And here's something the experts probably won't say out loud—but I will: This isn't always about selling your business. Sometimes, it's just a very clever way to get money out of your business and pay less tax. You'll hear ESOP consultants talk about legacy and succession planning—and that's all true and valuable. But in reality, some owners use ESOPs as a pure tax play. They stay in control, they keep running the business, and they simply create a legal structure that lets them pull money out tax-efficiently while rewarding employees along the way. Think of it less like a sale and more like a smart internal liquidity strategy. You still own the culture. You still drive the direction.

In this episode of PowerTips Unscripted, Victoria and Mark are joined by Pete McDowell to discuss succession planning and how business owners can exit their company. According to Pete, there are four primary ways for a business owner to leave their company: selling the company, transferring the company to family or employees, or ESOP. He […] The post Preparing Your Business For Your Departure with Pete McDowell – [Best of PowerTips Unscripted] appeared first on PowerTips Unscripted.

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

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.

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