Podcasts about esops

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.  

⭐️ Use this link to apply for up to 100% scholarships at the full-time PGP at Scaler School of Business: https://bit.ly/4lAiQLX ⭐️ Think School's flagship Communication course with live doubt sessions:https://thethinkschool.com/sp/communication-masterclass/VIDEO INTRODUCTION:In this episode of the Indian Business Podcast, we speak with Anshuman Singh (Ex-Meta) and Bhavik Rathod (Ex-Uber), the visionaries behind Scaler School of Business, to decode the DNA of impactful professionals and organisations. From designing teams that deliver 10x results to the role of ESOPs in retaining key talent, we explore how Indian companies can scale sustainably and what it truly takes to become a ₹50 LPA professional in today's fast-evolving business landscape. You'll hear lessons from Facebook and Uber, the real reason Silicon Valley thrives, and why India's MBA system is due for a reset. Plus, what made Mark Zuckerberg an effective leader beyond just tech skills. If you're a startup founder, aspiring business leader, or someone curious about building India's next-gen institutions, this episode is packed with insights.TIMESTAMPS:0:00 – Promo 1:44 – Agenda : How to make 50 lakhs a year? 3:57 – Why Engineers earn so less? 7:08 – How Alumni can change your life? 8:25 – ISB vs IIM 13:58 – Why Problem Solving is a magical skill to make CRORES?19:43 – How to Think like a GENIUS? 23:27 – How Side gigs can get you a high paying job? 25:03 – Why Side Gigs beats a fancy Resume ?27:56 – Ritesh Agarwal's secret school30:05 – How do CEOs hire? 37:10 – Why Uber is ruthless? 40:01 – Mark Zuckerberg's secret hiring process 43:37 – Magical resume formula to impress interviewer49:12 – Why project manager gets paid in CRORES?52:56 – How Communication Skill can make you CRORES?56:48 – How Scaler makes you SUPER TALENTED? 1:25:03 – How to become a millionaire employee? 1:37:43 – SECRET to Mark Zuckerberg's Success 1:44:33 – Ganesh's hottest points of the podcast!Our Best Indian Business Case Studies:1. Dhirubhai https://youtu.be/bSx6hDjALkQ?si=wE6PGMgiv7PpHdla2. Milky misthttps://youtu.be/-98fnc4VAo8?si=NtKHTWjvtr_9V8ne3. Old Monkhttps://youtu.be/GQPymbqa08A?si=BXhcZhDPXt9wTxO44. Waareehttps://youtu.be/T1PLEPTbXc4?si=3VbRKyBnd-3Trfqt5. Blinkit https://youtu.be/OGs2YsqvWDg?si=bZ_AqkdGEsl2X3xWThink School is a Digital School that we all deserved, but never had►►Check out Think School's Online courses: https://thethinkschool.com/sp/communication-masterclass/#thinkschool #businesscasestudy #geopolitics #uber #meta #indianbusinesspodcastCredits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost.

Are you an entrepreneur dreaming of a business that not only thrives financially but also creates a lasting legacy for its people and community?This week on That Entrepreneur Show, we're honored to host John Abrams, a visionary business leader, speaker, and author who's dedicated his life to making business a force for good. As the co-founder of South Mountain Company, John spent 50 years building a highly successful, integrated architecture, building, and solar firm that became one of the highest-scoring B Corps in the world, proving that profit, people, and planet can go hand-in-hand.John's groundbreaking journey began when he converted South Mountain Company to a worker cooperative, long before "employee ownership" was a mainstream concept. Now, as millions of small business owners look to retirement without a succession plan, John is releasing his new book, From Founder to Future: A Business Roadmap to Impact, Longevity, and Employee Ownership, to share his invaluable lessons.In this transformative episode, John reveals:The compelling reasons to embrace employee ownership and how it can empower your team and enrich lives.The concept of "CommonWealth Companies" – organizations built on common ownership, profits, power, information, and purpose.His own journey through the five crucial transitions to becoming a CommonWealth Company, including invaluable lessons learned over five decades.The distinct differences between employee ownership models like worker cooperatives, ESOPs, and Employee Ownership Trusts, and how to choose the right path for your business.The surprising impact of employee ownership on both our economy and our democracy.Subsidized housing for the richJohn's insights are a blueprint for entrepreneurs who want to ensure their hard work translates into enduring success and a positive societal footprint. If you're looking to scale, transition, or simply build a business with a deeper purpose, you won't want to miss this episode.Press play now to discover how to future-proof your business, empower your employees, and truly build a legacy that lasts.Support the showBe sure to subscribe to stay current with our episodes. Want the episode freebie or have a question for our guest or Vincent? Interested in becoming a guest or show partner? Email Danica at PodcastsByLanci@gmail.com.Show Partners:Coming Alive Podcast Production: www.comingalivepodcastproduction.comJohn Ford's Empathy Card Set and App: https://www.empathyset.com/ Music Credits: Copyright Free Music from Adventure by MusicbyAden.

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.

Thinking about succession planning, employee engagement, or selling your business? On this episode of Williams Mullen's Benefits Companion, host Brydon DeWitt is joined by Nona Massengill, a partner focusing on Executive Compensation. Nona demystifies Employee Stock Ownership Plans (ESOPs) from a business owner's perspective. She breaks down what an ESOP is (and what it's not), who can implement one, and how these plans can create meaningful tax advantages and culture-building opportunities for companies taxed as corporations.

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. 

David Corson CR Publisher/Editor sat down with Andrew Nikolai, Vice President from CSG Partners.Since 2000, CSG Partners has helped closely-held companies realize the unique benefits of employee stock ownership plans (ESOPs). Today, they're recognized as the nation's leading leveraged ESOP practice.Private and family-owned companies seeking shareholder liquidity, tax relief, and employee benefits turn to our advisors. They've guided hundreds of clients through the ESOP formation process, from analysis, through capital raising, to closing.They are focused on a company's goals. While shareholder liquidity and tax efficiencies are part of the equation, the stakeholders in an ESOP are just as concerned about employee welfare and the legacy of the business.They understand the needs of clients & their advisors because they've walked in their shoes.  In addition to former commercial bankers, attorneys, and accountants, their team of ESOP specialists includes former entrepreneurs and CEOs.  That practical experience, combined with CSG Partners' thought leadership and extensive analytical process, provides insights and strategies that drive desired outcomes for all stakeholders.The CSG Partners team has been recognized by leading publications and organizations with over 40 Firm & Deal of the Year honors in the past decade alone.https://www.csgpartners.com#esop #employeeowned #advisors #analytics #sellyourbusiness #stakeholders #entrpreneurship 

Health care is one of our nation's largest industries and employers. Though worker-owned cooperatives have a fairly significant presence in this industry, largely through home care, only about 2% of ESOPs are in healthcare. But these dynamics may also change as more clinics, private practices, and direct-care companies look to employee ownership to strengthen their performance, create better jobs, and retain their independence. Some advocates also argue that employee ownership may also be able to support better patient and client outcomes. In this conversation from the 2025 Employee Ownership Ideas Forum, panelists examine the current state of employee ownership in healthcare and how the model might help strengthen the industry.For additional resources, visit our website: https://www.aspeninstitute.org/videos/industry-spotlight-healthcare/ Or subscribe to our podcast and listen on the go: https://creators.spotify.com/pod/profile/aspeneop/For other session videos, visit the Aspen Institute Economic Opportunities Program on YouTube: https://www.youtube.com/@aspeneopThe 2025 Employee Ownership Ideas Forum took place on April 9-10, 2025, virtually and in Washington DC. The Forum is proudly co-hosted by the Aspen Institute Economic Opportunities Program and the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University.This year's theme, “From Workers to Owners,” highlights how the experience of ownership changes the reality of work for workers. The forum highlights companies in a range of business sectors and explores how employee ownership fits their business strategy and approach to business leadership. We also discuss the particular role employee ownership can play in supporting business success, and we consider the role institutional investors can play in improving capital access for employee ownership conversions and expansions.For more information about the Employee Ownership Ideas Forum, including our speakers, agenda, and additional resources, visit our website: https://www.aspeninstitute.org/events/employee-ownership-ideas-forum-2025/

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.

What happens when leadership isn't about control but about a shared goal? What if the future business world looks more like a team, not a hierarchy? As more companies reconsider the traditional structures, models like worker cooperatives and employee-owned cooperatives are gaining momentum. They offer a way to codify culture, share decision-making, and maintain purpose beyond the founder's occupancy. These models present an agreeable alternative in a time when millions of small businesses face uncertain futures. It's time to see ownership as not a privilege for the few but a path for the many.  John Abrams is a succession planning consultant, workplace democracy advocate, author, and the co-founder of both South Mountain Company and Abrams+Angell. He retired and handed over the company he started at age 24 in 2022, and started Abrams+Angell with his partner. They consult with the triple bottom line (TBL) businesses to help them with succession planning, worker co-op conversions, financial literacy, leadership development, and business effectiveness. He is the author of “From Founder to Future: A Business Roadmap to Impact, Longevity, and Employee Ownership,” which provides knowledge, strategies, and tools to help business owners successfully complete transitions. He joined us today to talk about forgetting hierarchy and running a company as a true team.  HIGHLIGHTS [02:30] Understanding B corporations.  [05:56] The Impact of Codifying Company Culture.  [10:24] The importance of clear leadership for effective decision-making.  [13:00] The differences between worker cooperatives, ESOPs, and employee ownership trusts. [15:00] What is democracy in business? [18:07] The importance of listening in a coorperative environment.  [19:35] Turning the leadership into the next generation.  [23:45] Open book management.  [28:44] Employee ownership options.    KEY TAKEAWAYS Regardless of how formal your systems become, stay focused on the human connection.  Protect what makes your culture unique; growth and structure don't erase the personal touch.  Define roles and trust them, collaborations don't mean everyone decides everything.  Hire people who align with your values, not just job descriptions.  Transitioning leadership takes intention, patience, and trust.    RESOURCES Connect with John Abrams LinkedIn – linkedin.com/in/john-abrams-3bb94683/  Website - abramsangell.com/    From Founder to Future: A Business Roadmap to Impact, Longevity, and Employee Ownership By John Abrams amazon.com/Founder-Future-Business-Longevity-Ownership/dp/1523006811    90-Day High-Performance Dashboard You can't afford to let your people drift. To drive real performance, you must coach with clarity and purpose.   Use the 90-Day High-Performance Dashboard to: Get clear on what matters most. Drive focused action and accountability. Strengthen trust and deepen relationships.   Success doesn't happen by accident. It happens when leaders coach with precision and consistency. Download the 90-Day High-Performance Dashboard here: https://www.constructiongenius.com/high-performance-in-a-new-role Coach your team toward real results — one conversation at a time.     Resources to Help You Win in Construction

Welcome to Top of the Morning by Mint.. I'm Nelson John and here are today's top stories. Fed Hits Pause—Again For the fourth time this year, the US Federal Reserve kept interest rates steady at 4.25%–4.5%, citing “diminished but elevated” economic uncertainty. Fed Chair Jerome Powell pointed to the lingering effects of Trump-era tariffs, noting that while uncertainty peaked in April, it hasn't fully cleared. FASTag Freedom: ₹3K Toll Pass from Aug 15 India's road warriors, rejoice! Starting August 15, a ₹3,000 FASTag-based annual toll pass will be available for private vehicles. It covers 200 trips or a full year—whichever comes first. The aim? Reduce travel costs, cut long waits at toll booths, and simplify payments. Announced by Transport Minister Nitin Gadkari, the pass is part of a bigger push toward seamless highway travel. The pass will be available via the Rajmarg Yatra App and NHAI's website. It comes amid rising toll charges—up over 3% in FY25 and expected to rise further. To complement the effort, a GNSS-based tolling system is also on the way, allowing for distance-based tolling without physical toll plazas. The government will absorb any revenue shortfall to keep concessionaires whole. Trump Thanks Pakistan's Army Chief for Restraint In an unusual diplomatic move, US President Donald Trump hosted Pakistan Army Chief General Asim Munir at the White House, thanking him for “not going into the war” with India. The lunch meeting was notable for its absence of senior civilian officials. Trump called it “a win” that two nuclear powers—India and Pakistan—chose peace. He also revealed they discussed Iran, adding, “They know Iran very well… and he agreed with me.” Back home, Pakistan's leadership is walking a tightrope. PM Shehbaz Sharif has publicly supported Iran amid its escalating conflict with Israel, and Foreign Minister Ishaq Dar said Iran is open to talks—if Israeli strikes stop. Want a US Student Visa? Hand Over Your Social Media The US has resumed student visa processing—but there's a catch. All applicants must now make their social media profiles public for review. Posts that appear hostile to the US, its institutions, or culture could be grounds for rejection. The State Department warns that refusing to comply may be seen as “an attempt to hide behavior.” Critics say the move chills free speech and brings back Cold War-era ideological vetting. “This turns consular officers into censors,” said Columbia's Jameel Jaffer. With academic sessions around the corner, international students are scrambling to comply, while legal experts raise red flags over digital privacy and First Amendment concerns. SEBI's Market Makeover: Esops, PSUs & AIFs Get a Lift SEBI is on reform overdrive. In just his second meeting as chair, Tuhin Kanta Pandey cleared a raft of changes aimed at boosting market efficiency, startup incentives, and investor participation. Founders of listed startups can now retain Esops—a game changer that aligns long-term incentives. For public sector undertakings, a new framework for voluntary delisting could fast-track strategic disinvestments. Alternative Investment Funds got more room to maneuver, with greenlights for co-investment vehicles and broader advisory services. Foreign investors in Indian sovereign debt will also benefit from simplified compliance norms. Meanwhile, the long-pending NSEL broker case may be resolved through a new settlement scheme. In short, SEBI is opening the doors wider, and smarter. Learn more about your ad choices. Visit megaphone.fm/adchoices

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

https://www.linkedin.com/in/christophkarger/https://www.linkedin.com/company/gotonetworkhttps://www.linkedin.com/in/fintechfelix/summaryIn dieser Episode von GoToNetwork spricht Chris mit Maria über ihre Erfahrungen im Vertrieb, den Druck, der damit verbunden ist, und die Bedeutung von Personal Branding. Maria teilt ihre Einsichten über die Herausforderungen im Sales-Bereich, insbesondere den ständigen Leistungsdruck und die Notwendigkeit, sich selbst zu positionieren. Sie betont, wie wichtig es ist, eine persönliche Marke aufzubauen, um im Vertrieb erfolgreich zu sein und Vertrauen zu schaffen. Die beiden diskutieren auch die Rolle von Kreativität und Innovation im Vertrieb und wie man in schwierigen Zeiten Chancen erkennen kann. In dieser Episode diskutieren Maria und Chris die Wichtigkeit von Sichtbarkeit und Engagement auf LinkedIn, die Herausforderungen und Erfolge im Personal Branding sowie die effektive Nutzung von Videos im Outreach. Sie teilen persönliche Erfahrungen und Strategien, um die Sichtbarkeit zu erhöhen und authentische Verbindungen zu schaffen. Zudem wird die Bedeutung von Kontinuität und Accountability in der Content-Erstellung hervorgehoben. In diesem Gespräch diskutieren Chris und Maria verschiedene Ansätze im Sales und Outreach, insbesondere die Nutzung von Video und kreativen Methoden, um sich von der Masse abzuheben. Sie betonen die Bedeutung der Zielgruppenanalyse und die Anpassung der Ansätze an die jeweilige Zielgruppe. Zudem wird die Wichtigkeit von Networking und Erinnerungsstrategien bei Events hervorgehoben. Maria teilt ihre Erfahrungen mit kreativen Prospecting-Methoden und die Notwendigkeit, offen für Neues zu sein. Abschließend sprechen sie über persönliche Entwicklung und die Bedeutung von Coaching im Sales-Bereich.takeawaysFelix hat eine Boutique-Beratungsfirma für Startups.Die unbequeme Wahrheit im Sales ist, dass man alles richtig machen kann und trotzdem keinen Deal bekommt.Sales ist ein Numbers-Game, das Geduld erfordert.Angel Investing erfordert ein gewisses finanzielles Fundament.ESOPs sollten sorgfältig verhandelt werden, um Nachteile zu vermeiden.Risikostreuung ist entscheidend beim Investieren in Startups.Investieren bedeutet oft, in die Menschen hinter den Ideen zu investieren.Die meisten Startups scheitern, daher ist Diversifikation wichtig.Felix hat 700 Inbound Meetings in einem Jahr gemacht.Die persönliche Verbindung zu Gründern ist für Felix entscheidend. Es ist wichtig, anständig zu starten und Zugang zu Investitionen zu finden.Die besten Gründer kommen oft von renommierten Universitäten.Zugang zu coolen Investitionsmöglichkeiten erfordert Exposure im Markt.Personal Branding kann den Dealflow verbessern.Seed Society zielt darauf ab, Investieren zu demokratisieren.Bildung ist entscheidend für den Erfolg im Investitionsbereich.Die meisten Startups scheitern, daher sollte man vorsichtig investieren.Es ist besser, mit Business Angels zu arbeiten als mit VCs.Investieren erfordert Geduld und langfristiges Denken.Tägliche Verbesserungen sind wichtig für persönliches Wachstum.Chapters00:00Einführung und erste Begegnung03:04Felix' Werdegang und LinkedIn-Erfahrungen05:45Die unbequeme Wahrheit im Sales08:46Der Weg zum Angel Investing11:46Erfahrungen bei Penta und der Exit15:01Angel Investing: Einstieg und Strategien17:56Verhandlung von ESOPs und Risikostreuung21:01Investitionsstrategien und persönliche Ansichten23:42Der Weg zum Investieren24:35Zugang zu Investitionsmöglichkeiten26:09Erfolgreiche Gründungsgeschichten28:02Personal Branding und Netzwerken29:26Demokratisierung des Investierens31:01Wissen und Bildung im Investitionsbereich32:23Herausforderungen und Überraschungen im VC-Bereich34:44Ratschläge für angehende Investoren36:41Die Vor- und Nachteile von VC-Geld39:47Persönliche Entwicklung und tägliche Verbesserung

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.

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 Grow a Small Business, host Troy Trewin interviews John Abrams, founder of South Mountain Company, shared his remarkable journey from launching a small six-person architectural construction firm in 1973 to growing it into a thriving 40-employee solar business generating $20 million in annual revenue. A strong advocate for employee ownership, Abrams highlighted the advantages of worker cooperatives and Employee Stock Ownership Plans (ESOPs), emphasizing their positive impact on productivity and employee retention. In his new book, From Founder to Future: A Business Roadmap to Impact, Longevity, and Employee Ownership, John Abrams explores the critical topic of succession planning for aging business owners, offering insights on preserving company values, fostering effective communication, and achieving a sustainable work-life balance. He also reflected on navigating challenges like the 2008 financial crisis and underscored the importance of community engagement in building a resilient and purpose-driven business. Other Resources: Companies We Keep: Employee Ownership and the Business of Community and Place, 2nd Edition by John Abrams The Company We Keep: Reinventing Small Business for People, Community, and Place by John Abrams Why would you wait any longer to start living the lifestyle you signed up for? Balance your health, wealth, relationships and business growth. And focus your time and energy and make the most of this year. Let's get into it by clicking here. Troy delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice. And a snapshot of the final five Grow A Small Business Questions: What do you think is the hardest thing in growing a small business? According to John Abrams, the hardest thing in growing a small business is getting everyone aligned behind a single mission—what he describes as “getting all the wood behind a single arrow”—while also maintaining core values in the face of numerous external temptations. He emphasizes that as a business grows, staying true to its founding principles becomes increasingly difficult, yet it's essential for long-term success and integrity. What's your favorite business book that has helped you the most? John Abrams' favorite business book that has helped him the most is Managing Transitions by William Bridges. He values it for its insights on how to effectively move from one stage of business to another, emphasizing that it offers guidance on navigating all kinds of changes within a company. Are there any great podcasts or online learning resources you'd recommend to help grow a small business? John Abrams recommends several alternative sources of learning rather than traditional business media. He highlights The Ink and The Contrarian as valuable platforms, along with communicator Anat Shenker-Osorio for her insights on messaging and influence. While not all are strictly business-focused, he finds them powerful for understanding communication, leadership, and societal context—all of which he sees as essential to growing a meaningful small business. What tool or resource would you recommend to grow a small business? John Abrams recommends strong communication tools—both written and spoken—as the most important resource for growing a small business. He believes that clear, effective communication is the key to building relationships, aligning teams, and driving a business forward successfully. What advice would you give yourself on day one of starting out in business? John Abrams would advise himself on day one of starting out in business to recognize that it's going to be an incredible ride, to enjoy every minute of it, and to stay conscious and aware of how he builds relationships with people, as they are the true key to success. He reflects that in his early years, he focused too much on product quality and not enough on the importance of people, which he later realized is what small business is really about. Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights! Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey.     Quotable quotes from our special Grow A Small Business podcast guest: When people are truly part of something, they give it everything they've got – John Abrams Growth is overrated and often the cause of trouble rather than triumph – John Abrams Communication is the key to small business — writing, speaking, and being transparent – John Abrams  

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!

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, 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.

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

The last couple of weeks, we've been deep in the world of buying businesses. But what happens when it's time to cash out? Maybe you're ready to sell your business, that investment property you've managed for years, or another major asset you've poured your energy into. If you're like most people, the thrill of a big sale is quickly followed by a less-exciting thought: “Wait, how much am I going to owe in taxes?” It's the classic one-two punch—first the celebration, then the sinking feeling as you picture Uncle Sam's hand reaching for a chunk of your hard-earned gains. But here's the good news: you actually have options. Real, legal, IRS-approved options. And the right strategy can mean the difference between watching your profits shrink and putting your money to work for you—sometimes for years to come. Of course, things get a little trickier if you have a mortgage or other debt on the property, but don't worry—we'll break that down too. Let's start with one of the oldest tricks in the book: the 1031 Exchange. If you own investment real estate, you've probably heard about this one. The idea is simple: sell your property, buy another “like-kind” property, and—if you follow the rules—kick that tax bill down the road. But here's the twist: if you've got a mortgage, you'll need to replace that debt with equal or greater debt on your next property, or pony up the difference in cash. Otherwise, the IRS will want a piece of the action right away. So yes, leverage matters! Now, maybe you're tired of being a landlord but still want those tax perks. Enter the Delaware Statutory Trust, or DST. This is essentially 1031 exchanging into a syndication that is designed for this type of thing. You sell your property and, instead of buying another one yourself, you buy a slice of a big, professionally managed property—like an apartment complex or shopping center. DSTs often come with their own loans, so you can match your old mortgage and keep the tax deferral going. The upside? No more midnight calls about leaky faucets. The downside? You're trusting someone else to run the show and they need to be good at it (just like any syndication operator). And, there are some rules and restrictions that can affect your returns negatively. But what if you're selling a business? That's where Employee Stock Ownership Plans, or ESOPs, come in. Imagine selling your company to the people who helped you build it—your employees—and deferring a big chunk of your capital gains tax in the process. It's a win-win, but if your business has debt, things can get complicated fast. This is definitely a strategy where you'll want a seasoned advisor in your corner. Now, let's talk about installment sales and structured sales. In this scenario, instead of getting paid all at once for your asset, you spread out the payments—and the taxes—over several years. Structured sales even bring in a third party to guarantee those payments, adding an extra layer of security. But—and this is a big but—if you have a mortgage, the IRS treats the amount the buyer pays off as if you got that money in cash on day one. So, you'll pay taxes on that portion right away. For example, if you sell for $1 million but owe $600,000, you can only defer taxes on the $400,000 you actually receive over time. The more debt you have, the less you can defer. And finally, we have the Deferred Sales Trust—the topic of this week's Wealth Formula Episode. Think of this as the “supercharged” version of a structured sale. Instead of waiting on the buyer for payments, you transfer your asset to a trust, which sells it and invests the proceeds. You get to choose how and when you receive your money, and the trust can invest in all kinds of assets while your taxes stay deferred. It's flexible, it's powerful, and it gives you the chance to grow your money while you wait. Which of these strategies is right for your situation depends on your goals, your assets,

“The future of consultants is intricately linked to the future of consulting”That's what one of the guests had to say about the future of consultants and the promise of consulting careers.Being a consultant at any of the big three consulting firms—McKinsey & Company, Bain & Company, and Boston Consulting Group(BCG)—meant one thing: The opportunity to work on cutting-edge projects with big, innovative companies. It allowed the people who worked at these companies to have career opportunities, which would allow them to be prepared for even more challenging and rewarding roles in the world of startups.The accelerated learning, prestige, community and great pay packages that these companies offered ensured the best talent lined up to work for them.The first two years of a career in consulting are gruelling, demanding and difficult and often involve “low-value work”, like making presentations, data analysis and sending requests for proposals to really annoying clients.However, people still rush and fight to do it with the expectation that the payoffs compound later. It gives them a broader view of how companies work and operate.It acts as a training ground for building startups and laterally jumping into senior executive roles at fast-growing companies or even going higher up the consulting ladder.Today, that trade-off equation looks a bit distorted for students because it's never been easier to start a company.It's also been very easy to find post-MBA roles in companies that are more strategic in nature, and ESOPs look much more real and valuable because companies are going public.So the question becomes: Will students continue to chase consulting firms as a lucrative and promising career option? And does a career in consulting hold the same promises as it used to?Joining hosts Praveen Gopal Krishnan and Rohin Dharmakumar for the episode are Rahul Chaudhary, co-founder of Treebo, ex-McKinsey & Company and Pragya Batra, co-founder of Quirksmith, ex-Bain & Company.Welcome to episode 35 of Two by Two.–Help us find interesting women guests by filling out this survey – https://theken.typeform.com/to/KH0EOLGo–Additional listening:If B-schools were invented today, would students run placements? – https://the-ken.com/podcasts/two-by-two/if-b-schools-were-invented-today-would-students-run-placements/AI comes to annihilate India's SaaS companies – https://the-ken.com/podcasts/two-by-two/ai-comes-to-annihilate-indias-saas-companies/–This episode of Two by Two was produced by Hari Krishna. Rajiv CN, our resident sound engineer, mixed and mastered this episode.If you liked this episode of Two by Two, please share it with your friends and family who would be interested in listening to the episode. And if you have more thoughts on the discussion, we'd love to hear your arguments as well. You can write to us at twobytwo@the-ken.com.

Dr. Paula Cordeiro is a trailblazing educator, leadership expert, and social entrepreneur working at the intersection of business, nonprofits, and global development. A former dean and founder of the Nonprofit Institute at the University of San Diego, she's reshaping how we think about leadership, wealth building, and the power of purpose-driven enterprises. Through programs like the Global Entrepreneurship Fellowship, she's connecting San Diego to the world and bringing the best of global innovation home. This Episode:  What if nonprofits didn't just serve communities but built wealth within them? And what if businesses weren't just engines of profit but vehicles for social good? Paula Cordeiro is championing a new model for leadership—one where empathy and equity are as important as profit margins. From food co-ops and employee-owned companies to certified B Corps and social enterprises, Paula sees a growing movement to blur the traditional lines between nonprofit and for-profit organizations. The goal? Create more sustainable, inclusive, and locally rooted economies. In this conversation with Grant, Paula shares how her upbringing in a vibrant immigrant community shaped her worldview, how Mondragon, Spain, sparked her passion for co-ops, and why she believes San Diego can become a global hub for socially minded business innovation. She also reflects on the power of teaching empathy, and the opportunities to address wealth gaps.  Key Moments:  [11:20] Defining social enterprise: people, profit, and planet  [17:49] The evolving challenges facing nonprofit leaders today  [23:43] The case for employee-owned businesses and generational wealth  [31:16] How the Global Entrepreneurship Fellowship is building local and global bridges  [43:27] Empathy as a core leadership trait—and how it can be taught Key Terms: Social Enterprise: A business—either nonprofit or for-profit—that exists to advance a social or environmental mission. These organizations prioritize impact alongside profit and often reinvest earnings into their mission.B Corporation (B Corp): A private company that has been certified by the nonprofit B Lab as meeting high standards of social and environmental performance, accountability, and transparency. Benefit Corporation: A legal business structure recognized in many U.S. states that allows companies to pursue both profit and a broader social purpose. Unlike B Corps, benefit corporations are not certified but are legally bound to consider their impact on society and the environment. ESOP (Employee Stock Ownership Plan): A program that gives workers ownership interest in the company. ESOPs are a way to build wealth for employees and create a more engaged workforce. Co-op (Cooperative): An organization or business owned and operated by a group of individuals for their mutual benefit. Co-ops can take many forms, such as food co-ops, housing co-ops, or worker-owned businesses. Resources Mentioned in This Episode: Nonprofit Institute at University of San Diego – A hub for nonprofit leadership and research Mondragon Cooperative – A global model for employee-owned enterprises Pete Stavros TED Talk – A talk on rethinking  corporate structures to expand who benefits from a thriving company Take Action: Explore Social Enterprise – Learn how your organization could blend mission with sustainability Support Employee Ownership – Advocate for inclusive business models in your community Invest in Empathy – Build leadership programs that teach listening, reflection, and care Learn from Global Models – Look to places like Rwanda, Spain, and beyond for innovative approaches to business and development Join the Conversation – Share this episode with nonprofit leaders, entrepreneurs, and changemakers ready to build a better way forward 

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:

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. 

Register for the webinar:Licenses & Regulatory Issues in Acquisitions - Thu April 17th - https://bit.ly/4i7vsY5With 300 employees across 5 companies, the holdco that Chris Fredericks is building has an uncommon feature at its core.Topics in Chris's interview:What is an Employee Stock Ownership Program (ESOP)?Finding purpose and meaning at workConcept of dignity at workWhat ESOP employees do and don't vote onUsing an internal podcast to communicate about employee ownershipMitigating risks in ESOPsEmployee reactions to being acquiredSelling employees on the ESOP conceptHis role as investor, not operatorKeeping a bad hire for too longReferences and how to contact Chris:LinkedInEmpowered VenturesThe Empowered Owners PodcastThe Great Game of BusinessGet $200 off your ticket to the M&A Launchpad Conference in Houston on May 3rd:https://www.malaunchpad.com & enter code ACQUIRINGMINDSDownload the New CEO's Guide to Human Resources from Aspen HR:From this page or contact mark@aspenhr.comGet a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or hello@systemsix.com and mention Acquiring MindsGet a complimentary IT audit of your target business:Email Nick Akers at nick@inzotechnologies.com, and tell him you're a searcherConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on TwitterEdited by Anton RohozovProduced by Pam Cameron

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.

Markets are twitchy, tariffs are flying, and the Economic Policy Uncertainty Index just hit 900. So... what now? This week, Skippy and Doogles channel Charlie Munger, debate whether it's time to dump Chinese stocks, and wrestle with how (and when) to deploy cash in a world that makes zero sense. Plus: Howard Marks drops another banger memo, the NASDAQ flirts with 24/7 trading, and we break down the real deal with ESOPs and employee ownership.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to skippydoogles@gmail.com.

In this episode of Grow a Small Business, host Troy Trewin interviews Eric Jorgenson from Scribe Media, who shares his remarkable journey from author to CEO after the company faced bankruptcy. Eric successfully rallied investors to acquire Scribe Media and is now leading its impressive turnaround, projecting growth from $6 million to $9 million. Beyond his leadership at Scribe Media, Eric is also a successful author with over 1.5 million books sold. This conversation delves into his strategies for business revival and leadership insights at Scribe Media. Other Resources: The Almanack of Naval Ravikant: A Guide to Wealth and Happiness. The Anthology of Balaji: A Guide to Technology, Truth, and Building the Future An easy way to measure if your customers love you in 21 minutes – use the Net Promoter Score (NPS). And it's FREE. Boost productivity by 7–23%, triple team engagement, and double retention with ESOPs! Expert Craig West reveals benefits, costs, and timelines. (Episode 55 - Craig West) The Great Game of Business, Expanded and Updated: The Only Sensible Way to Run a Company by Jack Stack Why would you wait any longer to start living the lifestyle you signed up for? Balance your health, wealth, relationships and business growth. And focus your time and energy and make the most of this year. Let's get into it by clicking here. Troy delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice.   And a snapshot of the final five Grow A Small Business Questions: What do you think is the hardest thing in growing a small business? Eric Jorgenson said the hardest thing in growing a small business is dealing with entropy, alignment, and constant surprises. He emphasized that it's not for the faint of heart and requires continuous effort to manage these dynamic challenges. What's your favorite business book that has helped you the most? Eric Jorgenson's favorite business book that has helped him the most is Poor Charlie's Almanack. He also mentioned Zero to One by Peter Thiel as an exceptional book for understanding the foundational principles of business. Are there any great podcasts or online learning resources you'd recommend to help grow a small business? Eric Jorgenson highly recommends Founders Podcast by David Senra. He described it as the most important and impactful podcast, where David dives deep into biographies of the greatest founders in history, extracting powerful lessons and patterns for business growth. What tool or resource would you recommend to grow a small business? Eric Jorgenson recommends using ChatGPT as a powerful tool to grow a small business. He emphasized that everyone just became 2–10x more productive with it—if they learn to use it well—highlighting its potential to dramatically boost efficiency and innovation. What advice would you give yourself on day one of starting out in business? Eric Jorgenson's advice to himself on day one of starting out in business would be: "Spend a lot more energy figuring out what to focus on and then focus — build the discipline to reorient quickly and follow through on the most important things." He emphasized the importance of filtering noise, closing loops, and trusting your instincts through repetition and outcomes. Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights! Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey.     Quotable quotes from our special Grow A Small Business podcast guest: Writing a great book can change your life—and your business – Eric Jorgenson A small business flourishes when everyone rows in the same direction – Eric Jorgenson You're always one great hire away from transforming your company – Eric Jorgenson  

Tom Totten, an actuary and serial entrepreneur, shares his journey from a defined benefit consultant to advising companies on Employee Stock Ownership Plans (ESOPs). The conversation delves into the intricacies of ESOPs, their guarantees, and the liquidity risks associated with them. Tom discusses the purpose of lifetime income strategies, including the use of annuities, and reflects on the evolving relationship between employers and employees in the context of retirement planning. In this conversation, the speakers discuss the benefits of including lifetime income solutions in retirement planning, emphasizing the role of the workplace in providing these solutions. They explore the challenges of communicating the value of lifetime income to pre-retirees and retirees, the impact of technology on retirement planning, and the benefits of diversification in investment strategies. The discussion also touches on the potential of ESOPs as a means of wealth creation for employees and the evolving landscape of retirement planning in light of alternative investments.

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. 

“The future of consultants is intricately linked to the future of consulting”That's what one of the guests had to say about the future of consultants and the promise of consulting careers.Being a consultant at any of the big three consulting firms—McKinsey & Company, Bain & Company, and Boston Consulting Group(BCG)—meant one thing: The opportunity to work on cutting-edge projects with big, innovative companies. It allowed the people who worked at these companies to have career opportunities, which would allow them to be prepared for even more challenging and rewarding roles in the world of startups.The accelerated learning, prestige, community and great pay packages that these companies offered ensured the best talent lined up to work for them.The first two years of a career in consulting are gruelling, demanding and difficult and often involve “low-value work”, like making presentations, data analysis and sending requests for proposals to really annoying clients.However, people still rush and fight to do it with the expectation that the payoffs compound later. It gives them a broader view of how companies work and operate.It acts as a training ground for building startups and laterally jumping into senior executive roles at fast-growing companies or even going higher up the consulting ladder.Today, that trade-off equation looks a bit distorted for students because it's never been easier to start a company.It's also been very easy to find post-MBA roles in companies that are more strategic in nature, and ESOPs look much more real and valuable because companies are going public.So the question becomes: Will students continue to chase consulting firms as a lucrative and promising career option? And does a career in consulting hold the same promises as it used to?Joining hosts Praveen Gopal Krishnan and Rohin Dharmakumar for the episode are Rahul Chaudhary, co-founder of Treebo, ex-McKinsey & Company and Pragya Batra, co-founder of Quirksmith, ex-Bain & Company.Welcome to episode 35 of Two by Two.-Help us find interesting women guests by filling out this survey - https://theken.typeform.com/to/KH0EOLGo-Additional listening:If B-schools were invented today, would students run placements? - https://the-ken.com/podcasts/two-by-two/if-b-schools-were-invented-today-would-students-run-placements/AI comes to annihilate India's SaaS companies - https://the-ken.com/podcasts/two-by-two/ai-comes-to-annihilate-indias-saas-companies/-This is a free 10-minute trailer streaming on all podcast streaming platforms. If you'd like to listen to the full episode, you can do so by becoming a Premium subscriber to The Ken or by subscribing to Two by Two on Apple Podcasts via a separate standalone subscription.This episode of Two by Two was produced by Hari Krishna. Rajiv CN, our resident sound engineer, mixed and mastered this episode.If you liked this episode of Two by Two, please share it with your friends and family who would be interested in listening to the episode. And if you have more thoughts on the discussion, we'd love to hear your arguments as well. You can write to us at twobytwo@the-ken.com.

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. 

In today's episode of Moneycontrol's Tech3 Podcast, we break down Elon Musk's X suing the Indian government over alleged unlawful censorship. We also dive into Accenture's AI-driven revenue boost, SEBI's proposed clarity on ESOPs for startup founders, PayU's big fintech acquisition, and the potential return of MDR on UPI payments. Tune in for the latest updates in the startup and tech space!

Send us a textEvery business owner will exit their company one day—are you prepared? In this episode, I sit down with Stuart Sorkin, a seasoned attorney, CPA, and business strategist, to break down the critical steps of business succession planning. From understanding the six exit paths to maximizing your company's value, we explore how to avoid costly mistakes and structure your transition for financial success. Stuart shares expert insights on tax strategies, retaining key employees, and the role of ESOPs in a seamless business handoff.We also dive into the impact of poor succession planning, the importance of financial foresight, and why partners must align on a shared vision. With decades of experience in M&A, tax law, and estate planning, Stuart provides actionable advice that can protect your legacy and ensure a smooth transition—whether you're selling to family, management, or an external buyer. Plus, we discuss the looming generational wealth transfer and why the next decade is pivotal for business owners.If you're serious about securing your business's future, don't miss this conversation!Connect with Stuart Sorkin:If you're a business owner thinking about succession planning, now is the time to start. Stuart Sorkin has decades of experience helping entrepreneurs navigate the complexities of business transitions, tax strategies, and legacy planning. Visit his website tRight now, you can get an extra 20% off your ticket for the Scale with Stability Summit with my exclusive code CATALYTIC20 at checkout.Visit scalewithstability.com to grab your ticket—I hope to see you there! Right now, you can get an extra 20% off your ticket for the Scale with Stability Summit with my exclusive code CATALYTIC20 at checkout.Visit scalewithstability.com to grab your ticket—I hope to see you there! Right now, you can get an extra 20% off your ticket for the Scale with Stability Summit with my exclusive code CATALYTIC20 at checkout.Visit scalewithstability.com to grab your ticket—I hope to see you there!Support the showJoin Dr. William Attaway on the Catalytic Leadership podcast as he shares transformative insights to help high-performance entrepreneurs and agency owners achieve Clear-Minded Focus, Calm Control, and Confidence. Free 30-Minute Discovery Call:Ready to elevate your business? Book a free 30-minute discovery call with Dr. William Attaway and start your journey to success. Special Offer:Get your FREE copy of Catalytic Leadership: 12 Keys to Becoming an Intentional Leader Who Makes a Difference. Connect with Dr. William Attaway: Website LinkedIn Facebook Instagram TikTok YouTube

In this podcast episode, Dr. Jonathan H. Westover talks with Kelly Finnell about the impact of employee-ownership on morale and productivity. Kelly Finnell is a sought-after speaker and leading expert on Employee Stock Ownership Plans. He has spoken at more than 300 conferences and meetings throughout the U.S., London and Sydney, and he is a published author on using ESOPs in succession planning. A trusted resource to business owners and exit planners, Kelly is the author of The ESOP Coach: Using ESOPS in Ownership Succession Planning and the president of Memphis-based EFS ESOP Consultants. Kelly graduated magna cum laude from the University of Memphis and from its law school. Check out all of the podcasts in the HCI Podcast Network!

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. 

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

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!

In this episode of Grow a Small Business, host Troy Trewin interviews John St. Pierre, Chairperson of Rhombus Group, a holding company overseeing six businesses with 150 team members and $120M in revenue. John shares insights on scaling sustainably, learning from failures in sports management, and the importance of patient ambition. He discusses building a culture of intrapreneurship, managing cash flow, and aligning business growth with personal life goals. Tune in for actionable advice on overcoming challenges and creating a resilient business.  Why would you wait any longer to start living the lifestyle you signed up for? Balance your health, wealth, relationships and business growth. And focus your time and energy and make the most of this year. Let's get into it by clicking here. Troy delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice. And a snapshot of the final five Grow A Small Business Questions:   What do you think is the hardest thing in growing a small business? According to John St. Pierre, the hardest thing in growing a small business is managing cash flow. He emphasizes that cash flow challenges persist at every stage of business growth, regardless of size, and developing strong cash management habits is critical for success. What's your favourite business book that has helped you the most? John St. Pierre's favorite business book that has helped him the most is "Scaling Up" by Verne Harnish. He values its insights on strategic growth and implementing systems for scaling businesses effectively. Are there any great podcasts or online learning resources you'd recommend to help grow a small business? John St. Pierre recommends the "All-In Podcast" as a thought-provoking resource. While not strictly professional development, it features valuable insights from venture capitalists and business leaders. He also highlights the importance of leveraging podcasts and online tools to sharpen business acumen. What tool or resource would you recommend to grow a small business? John St. Pierre recommends Alan Miltz's Cash Flow Story as a crucial tool for growing a small business. It helps entrepreneurs understand and optimize cash flow, enabling better financial decisions and sustainable growth. What advice would you give yourself on day one of starting out in business? John St. Pierre would advise himself on day one of starting out to "have patient ambition". He emphasizes growing the business at a sustainable pace and not rushing for immediate success, as building a solid foundation takes time and careful planning. Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights! Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey.     Quotable quotes from our special Grow A Small Business podcast guest: Sustainable growth comes from mastering patient ambition, not chasing instant results. – John St. Pierre True leadership is creating opportunities for others to grow beyond your expectations. – John St. Pierre A business without a clear life plan is destined to run you, not the other way around – John St. Pierre      

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. 

Keeping a family business thriving across generations isn't easy, but Dr. Jeremy Lurey knows how to make it happen. As Founder and CEO of Family Legacy 1st, he's spent over 20 years guiding family enterprises through leadership transitions, governance, and exit planning.Jeremy shares why succession planning is about more than just handing over the reins - it's about shifting from manager to mentor. He highlights the power of independent boards, strong leadership development, and alternative exit strategies like ESOPs and partial sales. Whether you're passing the business to family or preparing to sell, Jeremy's insights help owners make smart, strategic moves.A major challenge in family businesses is balancing professional and personal relationships. Jeremy explains how fostering family harmony is key to long-term success. When leadership teams communicate effectively and define clear roles, businesses can grow while preserving their legacy.We also discuss the importance of adaptability. As industries evolve, family businesses must embrace change while staying true to their core values. Jeremy shares how successful enterprises navigate these shifts and create sustainable strategies for future generations.If you're a business owner thinking about transition - whether to family or new ownership - this episode is packed with actionable advice. Learn how to build a legacy that lasts and ensure a smooth succession.Find Jeremy here!Learn more about Family Legacy 1st here!Connect with Julie Keyes, Keyestrategies LLCFounder, Consultant, Author, Pod-caster and Instructor

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

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

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

"I'm not a greedy guy. I don't chase money—it follows me." – Donald Baker What does success look like to the average entrepreneur? For most, it's all about wealth. For Don, it's about impact. From the beginning, he's sought to empower his employees & do the right thing, no matter the cost. Whether transforming air quality standards in pools to protect swimmers or creating ESOPs to give his employees a financial stake in their futures, Don shows us that perseverance, purpose, & innovation can exist in any business. Shaped by his father's lessons, he shares why he believes “most people don't know what they're capable of,” and that hands-on, creative leadership leads to breakthroughs that redefine industry. Don builds pools. More importantly, builds opportunities, legacies, & futures where hard work & innovation are rewarded. If you're seeking inspiration & looking to make a difference in your industry, this episode will challenge you to rethink what it means to succeed. Learn more about his work Paddock Pool Equipment Company, Pure Aqua Products, and Paddock Construction Company. Ralph Waldo Emerson once said, “You don't chase success—you create it with the right mindset.” Don's a living example.

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

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