Podcasts about esops

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. 

"ESOPs aren't lottery tickets; they're a calculated risk with a potential for real wealth creation." This seemingly simple statement from Satish Mugulavalli, Founder and Managing Partner of Hissa, encapsulates the core message of this episode: shifting the perception of ESOPs from "paper money" to a strategic tool for both companies and employees. We unpack the often-confusing world of ESOPs, going beyond the jargon to reveal the real-world mechanics and benefits. Satish Mugulavalli is the Founder and Managing Partner of Hissa, a platform revolutionizing private market transactions in India. Hissa facilitates ESOP liquidity for employees and provides access to growth-stage private companies for investors. Satish is building a 150Cr fund with a 150 Cr greenshoe option. They have already closed 30 crores in their first round. The platform has generated over 5Cr in revenue till date. Key Insights from the Conversation: ✅Discounts are Normal: Understand why ESOP transactions often happen at a discount to the last valuation, and why it's not necessarily a red flag. ✅Tax Implications: Learn the crucial difference between perquisite tax and long-term capital gains, and how it impacts your decision to exercise. ✅The Founder's Perspective: Discover why companies offer ESOPs in the first place, and how they view them as a strategic tool. ✅The Employee's Perspective: Get practical advice on evaluating an ESOP offer and understanding your potential upside. ✅Building the Future: Hear Satish's ambitious vision for creating a transparent and efficient private market exchange in India. ✅The right questions to ask as an employee. Chapters: 0:00:00 - Introduction: Demystifying ESOPs and the Rise of Hissa 0:03:15 - Satish's Journey: From Startup Ecosystem to Private Markets 0:05:36 - Hissa's Dual Approach: SaaS Platform and Investment Fund 0:11:05 - Target Market: Identifying the Right Companies for ESOP Liquidity 0:20:30 - The Hissa Fund: Investment Strategy and Fundraising 0:39:23 - Understanding Valuation Discounts in Secondary ESOP Transactions 0:58:11 - ESOP 101: Grant, Vesting, Exercise, and Tax Implications 1:02:37 - The "Why Exercise?" Question: Balancing Risk and Reward 1:07:38 - Employee friendly ESOPs 1:11:51 - Building the "NSE/BSE of Private Markets": Hissa's Long-Term Vision 1:18:00 - Hissa's Go-To-Market Strategy: Reaching Founders and Companies 1:25:00- Future of ESOPs#ESOPs #StartupIndia #PrivateMarkets #Hissa #SatishMugulavalli #FounderThesis #Equity #Compensation #Vesting #StockOptions #Startups #Investing #Finance #India #Liquidity #TaxPlanning

“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. 

Over the next three to five years, Zepto wants to be known as the startup that created the most multimillionaires. Which is why these days, the standard pitch that people applying for VP-level roles at the startup get is as follows: "Would you like to create generational wealth? Think 50-100 crores in just four years." That's what Zepto HR has been promising these applicants. They've been making it seem like bagging a job at Zepto is like winning a lottery ticket. And it's not just bravado. By “generational wealth”, the company means offering Employee Stock Ownership Plans or ESOPs to senior executives, based on their performance. But it comes at a price. Tune in. Listen to 'One Billion in 10 Minutes', our new mini series based on The Ken's inaugural case competition. The Ken app Apple Podcasts Spotify

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

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

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

"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.

Lohnen sich Startup Equity Programme für einfacher Angestellte? Was hält Philipp Klöckner von der $500 Milliarden Stargate Partnerschaft? Wieso sind Aktienrückkäufe schlecht für Trump? Was machen wir die nächsten vier Jahre nur? Entdecke die Angebote unserer Werbepartner auf doppelgaenger.io/werbung. Vielen Dank! Philipp Glöckler und Philipp Klöckner sprechen heute über: (00:00:00) Feedback (00:12:35) ESOPs (00:18:18) Stargate & OpenAI (00:40:00) Aleph Alpha (00:44:35) Buybacks (00:48:10) Meta + Oakley (00:50:10) X (00:52:35) OpenAI (00:53:15) Coping Mechanism (00:56:15) Christian Angermayer Shownotes Aleph Alpha will KI bis zu 400 Prozent leistungsfähiger machen Handelsblatt   Goldman: US-Aktienrückkäufe sollen 2025 1 Billion Dollar erreichen Bloomberg Meta plant Brillen der Marke Oakley, erforscht Uhren und Kopfhörer Bloomberg   Die Rolle von Elon Musk und X bei der Einmischung in die Wahlen 2024 Substack Präsident Donald Trump sagt, er werde „eine sofortige Senkung der Zinssätze fordern CNBS Investor und Politvermittler: Christian Angermayer - riskante Deals im Zeichen von Donald Trump Manager Magazin Operator Demo Producthunt Meta legt nach Barrons

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

ElevateAEC - How we Inspire and Transition Ownership to the Next Generation"The ownership transition is not just about percentages; it's about value and creating a legacy."John R. McAdamsAbout the Guest:John R. McAdams is the founder of McAdams, a leading engineering, planning, and design firm that has shaped communities for over 40 years. Known for his entrepreneurial spirit and dedication to innovation, John has led transformative projects in land development and infrastructure. In this episode, he shares his journey as an industry leader, offering valuable insights into business growth, leadership, and passing the torch to the next generation of design professionals.Episode Summary:This episode of the Zweig Letter Podcast dives into the journey of founding the John R. McAdams Company in 1979 by John R. McAdams himself. He discusses the company's initial funding, the deliberate planning, and the establishment of a professional services firm rather than a solo practice. The episode focuses on the company's continuous ownership transition program, highlighting the importance of valuation, crafting a shareholder's agreement, and the procedures for transitioning ownership. McAdams elaborates on the criteria for inviting new owners and the benefits of a systematic ownership distribution to retain talent, ensure fairness, and promote growth without needing to sell the firm at retirement. Specific strategies, including leveraging Zweig Group's industry ratios and avoiding ESOPs to concentrate ownership among key contributors, are explained. The episode concludes with McAdams's personal story and plans for his shares as he approaches retirement.Key Takeaways:Founding and Vision: John R. McAdams established the John R. McAdams Company in 1979 with initial funding and deliberate planning to create a professional services firm, distinguishing it from a solo practice.Ownership Transition Program: The company emphasizes a structured ownership transition program, including valuation, crafting a shareholder's agreement, and defined procedures to transition ownership, ensuring talent retention, fairness, and growth.Strategic Ownership Distribution: The firm uses industry ratios from Zweig Group and avoids ESOPs, focusing on concentrated ownership among key contributors to sustain the firm's success and avoid selling at retirement.Criteria for New Owners: McAdams outlines specific criteria for inviting new owners, ensuring that ownership is distributed to those who significantly contribute to the company's success and align with its long-term vision.Personal Reflections and Plans: The episode concludes with McAdams sharing his personal story and discussing his plans for his shares as he nears retirement, providing insight into his leadership philosophy and succession planning.All this and more on this episode of the Zweig Letter podcast.Links referenced in this episode:McAdams WebsiteThe Zweig LetterZweig GroupFlipping BookGet your

The Alternative Minimum Tax (AMT) can be confusing, especially when selling stocks or participating in employee stock ownership plans (ESOPs). Dr. Friday explains how AMT kicks in when W-2 forms only show the basis, leaving capital gains unreported. Avoid IRS troubles by learning to account for both AMT and capital gains in your tax filings. Stay ahead with these essential tips. Transcript: G’day, I’m Dr. Friday, president of Dr. Friday’s Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment. The Alternative Minimum Tax (AMT)—people often forget about this. It often kicks in when you sell stocks from a business, such as through an ESOP program. You might think the W-2 includes everything, but it only shows the basis. Capital gains still need to be reported. This is when AMT often applies and lands people in my office dealing with the IRS. Don't forget to file your capital gains and account for AMT. Need help? Call us at 615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

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!

This episode takes advantage of the classic film “Meet Joe Black” starring Brad Pitt and Anthony Hopkins. The podcast uses the movie to demonstrate the two guarantees in life - Death and Taxes.  The nuances of taxes can catch individuals by surprise.  As it relates to an ESOP transaction - most of the time there is a resulting seller note established.  Relative to an S-corp sale - there will be capital gains taxes that need to be estimated.  We usually look to installment sale method but if a company's transaction is large enough to create a seller note greater than $5 million there will be an additional IRS interest cost known as 453a.  We detail this issue so that listeners do not underestimate the additional cash outflow to the sellers.   This is a very important step in your personal  Journey to an ESOP!

Building Legacy and Profit: Exploring ESOPs with Kelly Finnell If you've ever wondered how to sell your business while preserving its legacy and empowering your team, this episode is for you. Kelly Finnell shares decades of expertise to help you understand ESOPs and their role in ownership succession planning. Whether you're planning an exit or looking to create long-term value, this episode will give you the tools to make informed decisions. Host: Marcia Riner, Business Growth Strategist - Infinite Profit® Guest: Kelly Finnell, ESOP Consultant - Executive Financial Services, Inc.     Episode Summary: In this episode of Profit with a Plan, host Marcia Riner dives into the transformative power of Employee Stock Ownership Plans (ESOPs) with Kelly Finnell, one of the nation's premier ESOP consultants and the author of The ESOP Coach. Kelly shares the benefits of ESOPs as an exit strategy, a management transition tool, and a wealth-building opportunity for employees—all while preserving your business legacy. Whether you're exploring liquidity options or considering how to secure your company's future, this episode offers actionable insights to help you make informed decisions. Episode Highlights: [00:01:10] What is an ESOP? Kelly defines ESOPs as Employee Stock Ownership Plans, explaining their dual purpose as an exit strategy for business owners and a retirement plan for employees. Learn how ESOPs differ from traditional 401(k) plans and why they're a unique option in ownership succession planning. [00:06:30] The Key Benefits of ESOPs Kelly breaks down three key features that set ESOPs apart: Borrowing capability for financing transactions. Stock purchase transactions with the business owner. Exclusive focus on the sponsoring company's stock. [00:12:45] How ESOPs Create Win-Win Scenarios Discover how ESOPs align employee efforts with company profitability, creating a sweat-equity-based retirement plan that motivates employees and drives growth. [00:18:30] Timing Your Transition Kelly advises business owners on when to implement an ESOP, emphasizing the importance of starting at least five years before a planned exit. Learn how an ESOP serves as a glide path for ownership transitions and leadership development. [00:22:50] ESOP Suitability for Small and Mid-Sized Companies Kelly outlines the ideal candidate for an ESOP, focusing on businesses with $1M+ in adjusted EBITDA and at least 30 employees. Hear real-world examples of successful ESOPs, including companies like Publix Supermarket and BDO. [00:29:15] Tax Benefits of ESOPs Explore how ESOPs allow companies to operate tax-free, offering significant advantages at both the corporate and shareholder levels. Kelly shares how Congress incentivizes wealth-sharing through ESOPs and why this strategy appeals across political lines. [00:35:00] Dispelling Common ESOP Myths Kelly addresses misconceptions, such as fears of employee-run committees and the complexities of transitioning to an ESOP structure. Gain clarity on how ESOPs maintain effective leadership and governance. [00:40:20] Steps to Get Started with an ESOP Kelly shares actionable advice for business owners considering ESOPs: Evaluate if your company meets the criteria. Build a leadership team to guide the transition. Leverage resources like his book, The ESOP Coach, and ExecFin.com for deeper learning. Call-to-Action: Ready to explore how an ESOP could work for your business? Visit Kelly Finnell's website, ExecFin.com, for more resources, videos, and articles. Check out his book, The ESOP Coach, on Amazon for an in-depth guide.   Subscribe and Share: Make sure to subscribe to Profit with a Plan on your favorite podcast platform and share this episode with other entrepreneurs exploring exit strategies. Your business legacy starts here!   Keywords: ESOPs (Employee Stock Ownership Plans), Ownership succession planning, Exit strategy for business owners, Employee ownership, Business legacy, ESOP benefits, ESOP tax advantages, Small and mid-sized businesses, Retirement planning for employees, ESOP transactions, Selling to employees, Liquidity strategies for businesses, Business succession planning options.   This episode is sponsored by Infinite Profit ® —We don't just talk profit — we deliver it! Is your business ready for explosive growth? Visit InfiniteProfitConsulting.com to learn how Marcia and her team can help you boost profits and set your business up for long-term success.     Grab Your Free Resource: Feeling like you're doing everything right but still not seeing the results you want? It might be time for a fresh perspective. That's why we're offering a Free Growth & Marketing Audit. In one powerful session, we'll uncover opportunities to drive real growth for your business. Ready to make an impact? Visit profitbooster.biz and let's get started!     About Marcia Riner.  She is a business growth strategist who helps business owners dramatically increase their revenue, profit, and the value of their company. In fact, she can show prospective clients a clear pathway to profit and an impactful ROI for working here before hiring her firm. Through her proven Profit Booster® strategies, she gets results. Marcia is the CEO of Infinite Profit® and more information can be found at https://www.InfiniteProfitConsulting.com Got questions?  Reach out to Marcia and her team at (949) 229-2112 ♾️

This is the first episode of the new year where we like to cover changes to the podcast.  This kick off message for season 6 focuses on our core value: “It Takes A Team”. This works out well to connect the dots on the old tv show and 2010 movie “The A - Team”.  Some of the changes to the podcast have already been incorporated in our logo change.  This episode covers some of the highlights of 2024.  Looking forward to the new year for 2025 and some of the areas we plan to focus on as well as the open invitation to send your questions to our contact us page on the Journeytoanesop.com website.  Lets get started on our next step on this journey to an ESOP.

In this episode, Monika discusses a recent Supreme Court judgment that impacts credit card holders, overturning a 2008 ruling by the National Consumer Disputes Redressal Commission (NCDRC) that capped interest rates on unpaid credit card dues at 30% per year. This decision now allows banks to set higher rates, arguing that credit cards, being unsecured loans, necessitate such charges. Monika highlights the pitfalls for consumers, such as interest being levied on the full bill amount if partial payments are made and the significant cost of revolving credit card debt. She advises listeners to use credit cards wisely to avoid excessive interest rates of 36-49% annually and warns against accumulating debt that could take years to pay off. The conversation moves to practical financial advice for listeners. Monika shares essential tips to avoid credit card debt traps, emphasizing timely payments, limiting the number of cards, and breaking fixed deposits if necessary to pay off high-interest debt. She underscores the importance of thoughtful financial planning to steer clear of costly mistakes. Monika then explains the role of benchmarks in evaluating investments. Just as the perception of height varies by country, investment returns need context to be meaningful. Benchmarks provide a standard for comparing performance, showing if an investment outperforms or underperforms the market average. Monika stresses that understanding and using appropriate benchmarks is crucial for making informed investment choices, as it puts returns in the right perspective. Listener queries focus on practical financial challenges. Nagendra from Bengaluru seeks advice on managing risks and tax implications of company ESOPs, exploring diversification strategies. Hiren, a retiree, asks whether to withdraw additional income from mutual funds or PPF to meet leisure expenses. Sukhjeevan from the U.S. seeks guidance on minimizing losses from a mis-sold whole life insurance plan and reallocating funds into better investments. Chapters: (00:33 - 4:05) Higher credit card interest rates and how to manage credit card debt (4:06 - 6:34) Understanding benchmarks and their importance in portfolio performance (6:38 - 9:31) Managing ESOPs: Balancing risks and tax implications (9:33 - 11:44) Retirement planning: Deciding between PPF and mutual funds for withdrawals (11:45 - 13:20) Dealing with dud insurance policies: Max Life and other mis-sold products If you have financial questions that you'd like answers for, please email us at ⁠mailme@monikahalan.com⁠ Monika's book on basic money management ⁠⁠⁠⁠⁠⁠⁠⁠https://www.monikahalan.com/lets-talk-money-english/⁠⁠⁠⁠⁠⁠⁠⁠ Monika's book on mutual funds ⁠⁠⁠⁠⁠⁠⁠https://www.monikahalan.com/lets-talk-mutual-funds/⁠⁠⁠⁠⁠⁠⁠ Monika's workbook on recording your financial life ⁠⁠⁠⁠⁠⁠⁠⁠https://www.monikahalan.com/lets-talk-legacy/⁠⁠⁠⁠⁠⁠⁠⁠ Calculators ⁠⁠⁠⁠⁠⁠⁠⁠https://investor.sebi.gov.in/calculators/index.html⁠⁠⁠⁠⁠⁠⁠⁠ You can find Monika on her social media @monikahalan.  Twitter ⁠⁠⁠⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠⁠⁠⁠ Instagram ⁠⁠⁠⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠⁠⁠⁠ Facebook ⁠⁠⁠⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn ⁠⁠⁠⁠⁠⁠⁠@MonikaHalan⁠⁠⁠⁠⁠⁠⁠ Production House: ⁠⁠⁠⁠⁠⁠⁠www.inoutcreatives.com⁠⁠⁠⁠⁠⁠⁠ Production Assistant:⁠⁠⁠⁠⁠⁠⁠ Anshika Gogoi⁠⁠⁠⁠

In this episode, Noelle Montano returns to discuss ESCA's tireless efforts to preserve and promote the S-Corporation ESOP in Washington after the 2024 election. We also discuss some of the impacts employee ownership has on companies, communities, and Congress.

In this episode we are joined by Gerry Spitzer, a founding partner of Questor Capital Partners. Gerry shares his career journey from Binghamton University to Price Waterhouse, Merrill Lynch, UBS, and finally to independence. He discusses the benefits and challenges of going independent, emphasizing the importance of due diligence and choosing the right platform. Gerry highlights the value of the Certified Exit Planning Advisor (CEPA) designation and the success of their team, which now manages $875 million in assets. They also explore the complexities of helping business owners plan for life after their companies, including succession planning and leveraging ESOPs. In this episode: 0:01:10 Gerry Spitzer's career journey - Started in accounting, moved to computer sales, then joined Merrill Lynch training program despite high failure rate. Formed a long-term partnership with a colleague from the training program. 0:04:49 Transitioning to independence - Discussed benefits and challenges of working at large brokerages vs. the independent space. Emphasized the importance of due diligence when choosing an independent platform. 0:13:14 Building a team and client base - Described current business with 7 team members and $875M in assets. Serve a mix of clients including business owners, corporate executives, and those inheriting wealth. 0:15:26 Challenges and opportunities in exit planning - Highlighted importance of succession planning for business owners. Shared examples of different exit planning approaches like ESOP transactions. 0:25:23 Navigating the transition process - Discussed resistance from business owners and strategies to overcome it, including building a strong professional team. 0:35:39 Impact of exit planning on clients - Emphasized the referrals and positive outcomes from successful exit planning engagements. Importance of educating centers of influence. 0:39:11 Final thoughts and future goals - Excited about the independent space and opportunities to continue serving high-quality clients. Connect with Gerry:   Website: www.questarcap.com Email: gerry@questarcap.com LinkedIn: https://www.linkedin.com/in/gerry-spitzer-cpwa%C2%AE-cepa%C2%AE-2472895/   About the Model FA Podcast   The Model FA podcast is a show for fiduciary financial advisors. In each episode, our host David DeCelle sits down with industry experts, strategic thinkers, and advisors to explore what it takes  to build a successful practice — and have an abundant life in the process. We believe in continuous learning, tactical advice, and strategies that work — no “gotchas” or BS. Join us to hear stories from successful financial advisors, get actionable ideas from experts, and re-discover your drive to build the practice of your dreams.    Did you like this conversation? Then leave us a rating and a review in whatever podcast player you use. We would love your feedback, and your ratings help us reach more advisors with ideas for growing their practices, attracting great clients, and achieving a better quality of life. While you are there, feel free to share your ideas about future podcast guests or topics you'd love to see covered.    Our Team: President of Model FA, David DeCelle   If you like this podcast, you will love our community! Join the Model FA Community on Facebook to connect with like-minded advisors and share the day-to-day challenges and wins of running a growing financial services firm.

What better time to present an encore episode like this than end of year when families are together and can address some of the serious elements that need family input. Not to mention, end of you tax concerns as well! This is a noteworthy episode for thsoe items that can easily be dismissed. Hope you find the timing helpful. Imagine inheriting the family vacation home only to find you can't afford the liabilities that come with the gift. That's just one of the critical topics we 'll dissect with Mike Genovese, a financial mastermind from CapTrust, illuminating the shadowy corners of estate planning. Together, we navigate the intricacies of California's Prop 19 and delve into the mechanisms of a Qualified Personal Residence Trust, offering a roadmap for transferring cherished assets to the next generation. Mike then bestows vital wisdom on managing estate and income taxes, the strategic use of spousal exemptions, and the nuanced balance between capital gains and preserving legacy wealth through stock portfolios. Get your notepad out as we confront the convoluted world of estate planning within the realms of second marriages—a situation that many individuals face. Our episode unravels the complexities of ensuring financial security for a new partner while honoring the legacy intent for children from previous relationships. Mike shares his expertise on bypass trusts, the role of trustees, and the use of specific type trusts for larger estates. The emphasis can't be minimizd for the necessity of crystal-clear communication and precise documentation to smooth the path through the intricate dynamics of blended families. Wrapping up the episode, the attention turns to business owners pondering their exit strategy, with a deep dive into the advantages of Employee Stock Ownership Plans (ESOPs). For the entrepreneurial spirit looking to reward loyal employees and ensure the longevity of their life's work, our discussion on ESOPs reveals a tax-efficient method of business succession. Mike and I dissect the financial mechanics, regulatory intricacies, and the tangential benefits of selling a company to those who know it best—the employees. This episode is as much a masterclass; as it is a tutorial for navigating the financial implications of life's transitions. For more information on what we provide at Captrust visit www.captrust.com. You can contact me, Kelly Brothers, through the show at: bisifipodcast@gmail.com To reach me at Captrust visit www.captrust.com/locations/sacramento-ca/

Every company has its own lessons to be learned in the journey of converting to an ESOP. This interview with Kevin MacRitchie, CEO and Karen Lyons, CFO of Tactical Rehab provides key leadership perspective on the transition of this company through the process of becoming an ESOP.  Kevin has a large company background and has brought a level of management that is moving their company to the next level.  As part of his strategic leadership, he has fostered a vital partnership with the employees of Tactical Rehab, Inc. and even a greater level of trust with his CFO - Karen Lyons.  Karen brings an order to the company to provide financial insight with not only important data points, but also to support the well thought out strategic direction of the company.  Both Kevin and Karen speak to the importance of teamwork in the success of building the company.  The ESOP was considered and moved into a reality as an essential tool working through many common objectives that most companies have:  succession, culture, retention, incentive.  They have embraced a full on ESOP communication strategy for their employees on a monthly basis in addition to other key initiatives.  

In this episode with Dan O'Hare, CPA, CGMA, Principal at Glenn Burdette, we explore why CPA firms might choose to implement an Employee Stock Ownership Plan (ESOP). With O'Hare's insights and expertise, we explore how ESOPs can facilitate smooth succession planning, boost employee retention and engagement and offer significant tax benefits. Additionally, we discuss how this alternative practice structure can improve performance and make the firm more attractive to potential hires. This conversation will help you understand the potential power of ESOPs in reshaping your firm's future.   Want more? Dive into our business model transformation resources. To get more insights on business model transformation and access new podcast episodes automatically and free, follow our show via our podcast homepage. This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments welcomed at podcast@aicpa-cima.com  

Are you curious about how to empower your employees and fuel your firm's growth? Listen as we explore employee stock ownership plans (ESOPs) with Mike Bannon, vice president at CSG Partners. You'll discover how this powerful tool can help your firm achieve its long-term goals and implementation plans, from planning and financing to valuation and ownership transition. This episode offers insights into the benefits of leveraged ESOPs, which include not only tax advantages but also the ability to boost employee engagement and create lasting value for accounting firms. Discover why more firms are turning to this innovative ownership model and how it can shape the future of your business. Tune in and unlock the potential of shared ownership. Follow our show to get new episodes automatically and free. Head over to our podcast homepage to explore more insights on business model transformation.  Want more? Dive into business model transformation resources. This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments welcomed at podcast@aicpa-cima.com        

In this encore presentation from February 20th, Lloyd Metz, Doug McCormick, and Sean Mooney discuss the strategic considerations behind exiting a private equity investment. With an anticipated wave of deals in the coming year, understanding when to sell and how to do it effectively is crucial. This episode covers the importance of exit timing, various exit mechanisms including dividend recaps, partnership deals, and ESOPs, and how to prepare for a successful sale. Whether considering selling now or seeking insights into exit strategies, this episode provides valuable information on making informed decisions that maximize returns.Episode Highlights:2:34 - Discussing the impact of timing on returns and market challenges.8:14 - Approaches to building a business that attracts buyers.19:23 - Ways private equity firms return capital and extend company options.34:51 - Exploring ESOPs as a tool for incentive alignment and employee empowerment.38:28 - Common pitfalls in the exit process and the importance of early preparation.43:35 - Final thoughts on skills for successful ownership and selling.For more information on the podcast, visit bestbutneverfinal.buzzsprout.com and embark on your journey to private equity excellence today.Visit us on LinkedIn at https://www.linkedin.com/company/best-but-never-final-podcast/Visit us on Instagram at https://www.instagram.com/bestbutneverfinal/For information on HCI Equity Partners, go to https://www.hciequity.comFor information on ICV Partners, go to https://www.icvpartners.comFor information on BluWave, go to https://www.bluwave.net

This episode highlights the leadership issue a business finds itself continually facing.  Ongoing leadership development is a common concern with most companies both before, during, and after the ESOP transition. Going through the feeling of being “Alone Again” is a natural and normal issue that needs to be addressed whether it be for management succession in the short run or for the company's final exit plan. 

This episode addresses effort the challenges and applicable solutions for a mature ESOP company. Diana Clark and Jason Miller provide insight into including preservation of ESOP knowledge in the organization contemplating changes to leadership.  Other items we discuss include how to look ahead at areas that need to be thought about not only as a mature ESOP but also preparing ahead of time for these issues.  The discussion includes best practices that should be thought about post ESOP issues.  ESOP companies should be focused on the long-term sustainability as companies build out infrastructure the can produce solid results like employee engagement.  Ultimately, it takes work and ongoing focus to stay on top of this just like other areas of the business. 

On this episode of the Growing with Purpose podcast, host Paul Spiegelman sits down with Bill Roark, co-founder of Torch Technologies, Inc., as well as the founder of Starfish Holdings, Inc. and Freedom Real Estate & Capital, LLC. He is also the author of Built with Purpose.    Bill grew up in the mountains of Southeastern Kentucky, in a small community where people looked out for one another. From a young age, he learned the importance of a strong work ethic and treating people with kindness and respect. By the time he had gained some defense work experience and started Torch Technologies, he knew that if he took care of his employees, they would in turn take care of the company and their customers.   With this employee-focused mindset, as well as his desire to create a long-term, sustainable company, it felt like the natural decision for Bill to turn Torch into an ESOP right away. And that has proved to be a crucial component of the company's cooperative culture, especially in a competitive contracting industry.   Listen to this episode to hear about Bill's passion for employee ownership, why he emphasizes integrity in his companies' cultures, and the very important lesson that carpet samples taught him.    Show Notes: 7:20 - What is a defense contracting business? 10:27 - Employee-focused napkin manifesto 15:50 - “The mountain people are good people” 21:40 - Life lessons from carpet samples 32:10 - Define your principles

Welcome back to another enlightening episode of Accelerate Your Business Growth! Today, we delve into a subject that is often misunderstood but immensely valuable for business owners: Employee Stock Ownership Plans (ESOPs). Our special guest is Kelly Finnell, president of Memphis-based Executive Financial Services, a leading ESOP consultant, and a sought-after speaker. Kelly regularly shares his expertise on employee ownership across various international platforms, and he's also the acclaimed author of "The ESOP Coach: Using ESOPs in Ownership Succession Planning."  In this episode, Kelly breaks down what an ESOP is and how it serves as both a liquidity strategy for business owners and an equity-based retirement plan for employees. He discusses the significant tax benefits of ESOPs, common misconceptions, and how company culture can play a pivotal role in their success. Kelly also shares key financial metrics to consider and provides a glimpse into the process of implementing an ESOP.  Join our host, Diane Helbig, as she uncovers the intricacies of ESOPs with Kelly, providing invaluable insights for business owners exploring the possibility of an employee-owned future. Whether you're considering selling your company or simply curious about ESOPs, this episode offers a comprehensive guide to understanding this powerful business transition tool. Be sure to download Kelly's Ownership Successor Guide. If you are a small business owner or salesperson who struggles with getting the sales results you are looking for, get your copy of Succeed Without Selling today. Learn the importance of Always Be Curious. Accelerate Your Business Growth is proud to be included on the list of the 45 Best Business Growth Podcasts. Each episode of this podcast provides insights and education around topics that are important to you as a business owner or leader. The content comes from people who are experts in their fields and who are interested in helping you be more successful. Whether it's sales challenges, leadership issues, hiring and talent struggles, marketing, seo, branding, time management, customer service, communication, podcasting, social media, cashflow, or publishing, the best and the brightest join the host, Diane Helbig, for a casual conversation. Discover programs, webinars, services, books, and other podcasts you can tap into for fresh ideas. Be sure to subscribe so you never miss an episode and visit Helbig Enterprises to explore the many ways Diane can help you improve your business outcomes and results.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Can a Co-op business model help your business grow?Episode 550 of the Queer Money podcast features guest Annie Winkler discussing the benefits of employee ownership in businesses. Annie explains how becoming part-owner of a company can lead to increased productivity, job satisfaction, and the establishment of LGBTQ generational wealth. They recount their experience transitioning Real Pickles into a worker-owned cooperative and delve into the impacts of democratic member control in co-ops versus ESOPs. The episode highlights the advantages for both business owners considering succession planning and employees seeking greater investment in their workplace.Topics Covered00:00 Introduction to Bare Minimum Mondays and Lazy Fridays00:10 The Concept of Employee Ownership00:28 Introducing Annie Winkler and Queerness in Business00:53 Welcome to the Queer Money Podcast01:52 Discussion on Pronouns and Non-Binary Identity02:30 Exploring Employee Stock Purchase Plans02:53 Challenges Faced by Employees Today04:41 The Impact of Baby Boomers on the Economy05:23 Statistics on Baby Boomers and Retirement06:47 The Role of Wealth and Power in Employment07:43 Annie Winkler's Journey to Employee Ownership08:40 The Real Pickles Cooperative Experience12:08 The Benefits of Worker-Owned Cooperatives17:07 Comparing ESOPs and Worker Co-ops20:25 Challenges and Benefits of Employee Ownership26:09 Legacy Planning for Business Owners29:57 Introduction to ESOPs30:29 Trust and Control in ESOPs31:41 Ownership and Leadership Transitions32:57 Optimal Company Size for ESOPs and Co-ops34:27 Financial Considerations and Valuation35:41 Starting the Transition to Employee Ownership41:53 Generational Wealth and Queer Community48:03 VEOC and Employee Ownership Support50:36 Dragon Boat Team and Personal Joys52:35 Conclusion and ResourcesFor the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe Follow us:Queer Money InstagramQueer Money YouTubeQueer Money on TiktokConnect with John on LinkedInConnect with David on LinkedInDownload your FREE Queer Money Kickstarter a 9-step Guide to Kickstart Your Journey to Financial IndependenceMentioned in this episode:Subscribe to the Queer Money Weekly NewsletterSubscribe here to get weekly money tips, show notes, Queer Money take-aways, give-aways, access to events and more.Subscribe to the Queer Money weekly newsletter

Is an executive or leader in your company struggling? Reach out to Eric to discuss how his transformative executive coaching approach can help. Schedule a 10 minute call with Eric today to learn more: 10minuteswitheric.youcanbook.me Employee Stock Ownership Plans (ESOPs) are a topic many construction companies consider when planning their business transitions. ESOPs are a proven strategy that allows owners to leverage the wealth they've built through hard work and dedication. An 831(b) plan, commonly known as captive or microcaptive insurance, is intended to help business owners reduce unfunded liabilities. SRA utilizes the 831(b) Tax Code to create tax-deferred risk mitigation and give business owners greater peace of mind. Van Carlson is the founder and CEO of SRA 831(b), with 25 years of experience in the risk management industry. His goal is to continue SRA's upward growth while also developing novel products for the market. He joined us today to discuss how to fund uninsured risks without hurting cash flow. We start the conversation with Van explaining the 831(b) risk management strategy along with the benefits businesses can gain from it. Then we talk about the significance of motivation in financial advice. Risk management should be the primary focus rather than merely seeking tax advantages to avoid potential scrutiny from the IRS. Van then kindly explains the common mistakes people make when setting up an 831(b), especially in the construction industry: proper ownership structure and motivation. We then pay attention to the challenges of exiting an 831(b) plan, where Van explains how they make a simple exiting process. Further down to the conversation, we discuss the following topics regarding 831(B) risk management strategy: solvency testing, the services 831(b) provides and are unavailable through traditional insurance options, alternatives for 831(b), and the type of businesses that might not be suitable for an 831(b).   EPISODE HIGHLIGHTS [02:13] What is 831(b) risk management strategy?  [04:43] What 831(b) provides for construction companies [08:52] The importance of the motivations behind financial advice  [10:35] The common mistakes [14:33] Solvency testing [18:41] Challenges of exiting an 831(b) plan  [20:31] What unique services do 831(b) offer that aren't available through conventional insurance options? [26:23] The types of companies aren't suitable for the 831(b) [27:17] Alternative risk management strategies [28.48] The red flags  KEY TAKEAWAYS Evaluate Motivations  Clarify Ownership Structures  Prioritize Risk Management  Participate in Solvency Testing  Choose the Right Insurance Agent   Are people problems eroding your company's profits? Discover proven strategies to lead, strategize, and sell effectively, ensuring your projects stay profitable. Elevate your construction business by purchasing Construction Genius: Effective, Hands-On, Practical, Simple, No-BS Leadership, Strategy, Sales, and Marketing Advice for Construction Companies today and turn your people problems into profit!: https://www.amazon.com/Construction-Genius-Effective-Hands-Leadership/dp/B0BHTRDY1T/ Is an executive or leader in your company struggling? Reach out to Eric to discuss how his transformative executive coaching approach can help. Schedule a 10 minute call with Eric today to learn more: 10minuteswitheric.youcanbook.me   RESOURCES Connect with Van LinkedIn - linkedin.com/in/vancarlson/ Website - 831b.com/   

WATCH MY FULL PODCAST HERE! https://youtube.com/playlist?list=PLNEb9qQeDa_TQ1ts_ply9s7xjIpeUQb&si=1UoKrsmcxhCZEfYt LISTEN TO MY FULL PODCAST HERE! https://anchor.fm/constantinkogan For any business inquiries, email me here: ck@ckogan.com KEEP UP WITH Tess Hau Tess Ventures https://www.tessventures.com/tess-hau-1 LinkedIn https://www.linkedin.com/in/tesshau/ Twitter https://x.com/tesshau1?lang=en Links: https://www.tessventures.com/ https://www.gaialabs.xyz/ SUBSCRIBE TO MY CHANNEL https://www.youtube.com/@UCeM6DzWBS9KMHXMIEiCjSw FOLLOW ME ON SOCIALS: https://ckogan.com/ Telegram: @Constkogan / https://t.me/constantinkogan Instagram: https://www.instagram.com/constkogan Twitter: https://twitter.com/constkogan Facebook: https://www.facebook.com/constantinkogan Medium: https://constkogan.medium.com/ Timestamps: 0:00 Introduction 1:18 Tess's personal journey 3:01 Developing teamwork skills and leadership at a young age 10:52 Differences between equity deals and token deals 12:01 PostTGE (Token Generation Event) challenges 14:16 The role of the ETF in mass adoption of blockchain 15:04 Importance of community engagement postTGE 15:16 Successful investments and portfolio examples 16:00 Tess's diligence process and investment thesis 20:13 Founders' equity structure and incentives 21:33 Balancing equity and tokens in crypto startups 22:04 Introduction of Gabs Accelerator for Web 3 AI startups 22:31 Convergence of Web 2 and Web 3 as Web 2.5 23:02 Setting up token incentives and ESOPs in Web 3 startups 24:00 Criteria for accepting companies into Gabs Accelerator 25:16 Importance of founder commitment and coachability 26:30 Referrals and endorsements for new founders in the accelerator 27:33 Tess's time at Stanford and exposure to leading startups 29:05 How Tess applies her experience to evaluate risks in startups 30:13 Balancing Web 2 and Web 3 startup principles 31:55 Importance of understanding the Web 3 playbook 34:21 Tess's investment structure and geographic flexibility 36:16 Test Ventures' range of investment sizes 37:29 Raising funds through node sales: Ather example 41:00 Importance of timing in fundraising and node sales 42:42 Ather's transition to AI and decentralized computing 43:50 Strategies for fundraising during market volatility 46:13 Regional focus: Middle East's potential in blockchain 47:00 AI's growing importance in Web 3 and beyond 48:25 Bitcoin ecosystem and the rise of AI agents 49:19 Gaming as a persistent trend in the Web 3 world 52:02 Tess's advice to founders for fundraising in a volatile market 55:04 Tess's biggest lesson as a female venture capitalist 59:03 Book recommendation: The Lean Startup

Walt Reynolds is a senior leader in the electrical supply industry with over 30 years of executive experience. In 1998, he became President of The Reynolds Company and drove its explosive growth over the next two and half decades. Under his leadership, the company became one of the largest independent electrical distribution companies in the United States with 34 locations across Texas and Southwest US. We discuss: - Walt's career and building The Reynolds Company - Acquisitions theses and buying bankrupt companies - ESOPs - Leadership principles - Working with friends We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners.  https://www.thefortpod.com/survey Support our Sponsors Better Pitch: https://bit.ly/42d9L0I Vesto - https://www.vesto.com/fort Fort: https://bit.ly/FortCompanies Follow Fort on LinkedIn: https://www.linkedin.com/company/fort-companies/ Topics: (00:00:00) - Intro (00:04:30) - To know you is to know your father (00:08:50) - The history of the Reynolds Company and the electrical supply industry (00:20:39) - Walt's career (00:43:43) - Scaling Reynolds (00:48:29) - Working with your friends (00:52:16) - Pivoting into acquisitions (01:01:47) - Selling the business (01:08:14) - ESOPs (01:11:55) - Walt's role post-close (01:16:05) - Leadership Principals Chris on Social Media: The Fort Podcast on Twitter/X: https://x.com/theFORTpodcast Instagram: https://www.instagram.com/thefortpodcast LinkedIn: https://bit.ly/45gIkFd   Watch The Fort on YouTube: https://bit.ly/3oynxNX Visit our website: https://bit.ly/43SOvys Leave a review on Apple: https://bit.ly/45crFD0 Leave a review on Spotify: https://bit.ly/3Krl9jO  The FORT is produced by Johnny Podcasts