Afleveringen
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Episode Summary:
What it means to serve as an elected trustee in an employee-owned firmHow Stephens Scown created employee voice at the strategy tableThe shift from employee to ownerâand how it unlocks commercial thinkingHow the "Ideas from Sconers" system works and the business case behind itThe role of trust boards, parishes, and peer-to-peer coaching in EO culturesWhy great EO leaders coach, challenge, and encourage entrepreneurial risk-takingHow employee ownership can drive better businesses and better societiesWhy open feedback loops and transparency build real trustHow employees can grow their EO knowledge through community sharing
Todayâs episode offers a fresh perspectiveâfrom the employeeâs seat. Iâm joined by the brilliant and energetic Sam Moles, who brings a front-line view into what employee ownership actually looks like day-to-day. As a Trustee Representative and marketing lead at Stephens Scown, Sam unpacks how ownership changes mindsets, motivates innovation, and transforms how people show up at work. We dive into practical systems, cultural shifts, and leadership traits that make employee ownership real.
We dive into what it really means to be an employee ownerâfrom developing commercial awareness and mindset shifts, to creating structured systems for employee voice and innovation. Sam shares how Stephens Scown is empowering their people through initiatives like their "Ideas from Sconers" portal and parishes forum, and what leadership looks like in a democratically governed, employee-driven business. If you're wondering how to unlock engagement, transparency, and entrepreneurial thinking in your own business, this is an episode youâll want to take notes on.
Key Takeaways:
About Sam Moles
Sam Moles is the Digital Marketing Manager and Trustee Representative at Stephens Scown, a leading employee-owned law firm in the UK. Named the Employee Owner of the Year in 2023, Sam has played a key role in shaping how employee voice is embedded at a strategic level within the firm. Known for his boundless energy and passion for EO, Sam also leads peer-learning initiatives across employee-owned businesses and champions practical tools that help shift mindsets from employee to owner.
Connect with Sam Moles:
LinkedIn: Sam Moles â Stephens Scown
Website: https://www.stephens-scown.co.uk
Connect with Andy Farquharson:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/
Instagram - https://www.instagram.com/andyfarq
Website - https://abettermonday.me/
Email - [email protected] -
Episode Summary:
In this episode of The Alternative Exit Podcast, Iâm joined by Dr. Tej Gonzaâresearcher, author, and co-founder of the Institute for Economic Democracy in Slovenia. Tej is a powerful voice in the global employee ownership movement, leading policy innovation and grassroots change across Europe. Heâs also a research fellow at Rutgers University and the co-author of the âEuropean ESOP,â an ambitious model that aims to expand employee ownership through democratic, cooperative structures.
We talk about the real impact of employee ownership on businesses, communities, and economic resilienceâespecially as Europe braces for a wave of generational business exits. Tej also dives deep into how the European ESOP was designed, what makes it unique, and why he believes participatory ownership is essential for building sustainable enterprises. Whether you're a business owner, policy leader, or just curious about the future of capitalism, this oneâs packed with fresh ideas and global insight.
Key Takeaways:
- How Tej discovered employee ownership through academic curiosity and macroeconomic mentorship
- Why employee ownership matters from business, social, and macroeconomic perspectives
- The generational wealth transfer challenge facing Europeâand why employee ownership is a strategic solution
- How Slovenia is setting the pace for employee ownership policy in the EU
- The fundamental differences between employee ownership and employee shareholding
- Why capital access and ownership rights matter in building sustainable employee-owned businesses
- How the European ESOP uses a cooperative SPV and rollover model to tackle liquidity challenges
- The importance of education and financial literacy in making employee ownership work
- Why political will, smart regulation, and scalable models are key to driving broader adoption
About Dr. Tej Gonza
Dr. Tej Gonza is the co-founder and director of the Institute for Economic Democracy in Slovenia. A leading researcher in the field, Tej is a research fellow at Rutgers Universityâs Institute for the Study of Employee Ownership and Profit Sharing and is actively shaping employee ownership legislation across the European Union. He is the co-author of the European ESOP model and a vocal advocate for democratizing economic systems through broad-based, participatory ownership structures.
Connect with Dr. Tej Gonza
LinkedIn: https://www.linkedin.com/in/gonzatej/
Website: https://ied.si/en/
Connect with Andy Farquharson:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/
Instagram - https://www.instagram.com/andyfarq
Website - https://abettermonday.me/
Email - [email protected] -
Zijn er afleveringen die ontbreken?
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Episode Summary:
How Steveâs experience in the Marine Corps led to a surprising path into employee ownershipThe emotional connection and cultural power of ESOPsWhy financial literacy is critical to employee engagementThe role third-party administrators play in bridging education gapsCommon misconceptions that make ESOPs hard to explainâand how to fix thatHow EOX is scaling state-by-state to increase national awarenessWhy employee ownership is a retention tool, and not (yet) a recruitment toolThe challenge of capital accessâand how philanthropy and impact funds are changing thatThe rise of ESOP-led acquisitions to grow ownership across sectorsWhatâs next for the employee ownership movement
For today's episode of The Alternative Exit Podcast, I'm joined by Steve Storkan, Executive Director of the Employee Ownership Expansion Network (EOX). With over 25 years of experience in the employee ownership space, Steve has helped shape how businesses and communities embrace ownership models like ESOPs and Employee Ownership Trusts across the U.S.
We dive into the cultural and emotional side of employee ownership, the growing network of state centers EOX is building, and what it takes to make ownership more mainstream in America. Steve also shares some of the biggest misconceptions about employee ownership and why capital access and education remain two of the biggest hurdles. Whether you're a business owner considering your next move or someone passionate about inclusive growth, this conversation is packed with perspective and purpose.
Key Takeaways:
About Steve Storkan
Steve Storkan is the Executive Director of the Employee Ownership Expansion Network (EOX), a national nonprofit on a mission to grow employee ownership across the United States by supporting the development of state centers. Since joining EOX in 2019, Steve has helped expand the network from 8 to 24 state centers and continues to advocate for inclusive business models that benefit both owners and employees.
Connect with Steve Storkan
Email: [email protected]
LinkedIn: Steve Storkan
Website: https://eoxnetwork.org
Connect with Andy Farquharson:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/
Instagram - https://www.instagram.com/andyfarq
Website - https://abettermonday.me/
Email - [email protected] -
Episode Summary:
In this episode of The Alternative Exit, Iâm joined by Daniel Goldstein an experienced executive, former CEO of Foliance, and a dedicated advocate for employee ownership. With a career spanning corporate governance, ESOP advocacy, and organizational transformation, Daniel brings a deeply thoughtful and practical lens to how businesses can embrace employee ownership and thrive.
We dive into what happens after the ownership transition â how to ensure long-term sustainability, build buy-in, and drive culture within employee-owned companies. From turning a balance sheet crisis into a holding company opportunity, to creating tangible tools like a "license to act" card that foster true ownership mindset, Daniel shares a masterclass in smart leadership, accountability, and systems that scale.
Key Takeaways:
The biggest fear in employee ownership isnât the model â itâs employees undervaluing what they haveWhy shared services and ESOP holding companies simplify transition and scaleThe difference between ownership and entitlement (and how education bridges the gap)Why culture change starts with leadership modeling, not employee handbooksThe â80,000 hoursâ mindset that makes work about more than just financial rewardsHow governance done well empowers decision-making and accountability at every levelWhy focusing on whatâs working â through appreciative inquiry â is more powerful than postmortemsWhatâs next in employee ownership: EOTs, sustainability modeling, and cultural storytellingAbout Daniel Goldstein:
Daniel Goldstein is the former President and CEO of Foliance, a 100% employee-owned holding company based in Iowa. During his tenure, he transformed the organization through innovative acquisitions, thoughtful governance, and deep cultural investment. Today, he serves as an executive fellow at the Rutgers Institute of Employee Ownership and Profit Sharing, and continues to support the EO community as a speaker, board member, and advisor.
Connect with Daniel Goldstein:
Email: [email protected]
LinkedIn: Daniel Goldstein
Connect with Andy Farquharson:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/
Instagram - https://www.instagram.com/andyfarq
Website - https://abettermonday.me/
Email - [email protected] -
Episode Summary:
For today's episode of The Alternative Exit Podcast, Andy Farquharson is joined by Deb Oxley, a prominent advocate for employee ownership and the Chair, NED, Mentor, and Specialist in Employee Ownership.
She shared stories of how she influenced companies about employee ownership, the need to influence influencers like accountants and lawyers about its importance, and its impacts. They also talked about the 'whoosh' effect on employee ownership and the concept of 'financial freedom day.' Listen to learn more about these. Enjoy the show!
Key Takeaways:
How Deb found her way into the employee ownership spaceBig challenges to sharing awareness about employee ownership with companiesThe pre-transition space of accountants and lawyersWhat is the ownership 'whoosh' effect?The financial freedom dayEmployee ownership is a change of ownership, not leadership.Importance of financial literacy in employee ownershipGiving a level of personal accountability to employeesWhat is the biggest barrier to growth for employee ownership?About Deb Oxley
Deb Oxley is a prominent advocate for employee ownership. She had a tenure from 2015 to 2022 as the CEO of the Employee Ownership Association in the UK. During her time, she had a significant impact on the organization, growing its reach and impact. Deb was awarded an OBE in 2019 for her services to employee ownership and social enterprise.
Connect with Deb Oxley
X: @DebOxley LinkedIn: https://www.linkedin.com/in/deboxley Email: [email protected] Resources: https://employeeownership.co.uk/Connect with Andy Farquharson:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - [email protected] -
Episode Summary:
The history of employee ownership in the United StatesIntroduction of employee relationshipThe misconceptions about employee ownership: It is not socialismThe vision of an industrial republicImportance of changing organizational culture and employee engagement as part of the transitionCreating democratic capitalismESOP vs EOTThe biggest challenge to implementing employee-owned structures in companiesHaving future committees in ESOP companiesThe Employee Equity Investment Act
In this episode of The Alternative Exit Podcast, Andy Farquharson interviews Chris Mackin, a luminary in employee ownership who has spent four and a half decades in this field. He is the founder and president of Ownership Associates, a consulting firm based in Cambridge, Massachusetts.
Today, he talks about the history of employee ownership in the U.S., the introduction of employee relationships, and the idea of employee ownership in the legal and financial aspects. Listen and enjoy the show!
Key Takeaways:
-Website: https://ownershipassociates.com/-LinkedIn: https://www.linkedin.com/in/christopher-mackin-3238723/
About Chris Mackin
Chris Mackin is the founder and president of Ownership Associates, a consulting firm based in Cambridge, Massachusetts. He is also a fellow at the Rutgers University School of Management and Labor Relations, where he teaches a course on democratic capitalism and contributes to the Institute for the Study of Employee Ownership and Profit Sharing. He plays an active role in shaping policies that govern employee ownership and participates in employee ownership symposiums around the world.
Connect with Chris Mackin
LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - [email protected]
Connect with Andy Farquharson: -
Episode Summary:
In this episode of The Alternative Exit, Andy Farquharson speaks with John Guzek, a researcher and practitioner specializing in Employee Ownership and Organizational Behavior. Recently, he co-authored an article called 'Overcoming the Barriers to Employee Ownership: Insights from a Small and Medium Business.'
Today, John will dive into the conversation about the barriers to employee ownership, especially for small and medium business owners, the idea of an ownership operating system, and the difference between ESOP and shared ownership. Listen and enjoy!
Key Takeaways:
- John's inspiration to research barriers to employee ownership among SMB owners
- Reasons why people reject the idea of employee ownership
- What is shared ownership and the ownership operating system?
- The easiest and toughest thing for owners to do in employee ownership
- Turning employees into an innovation engine
- Difference between ESOP and shared ownership
- The transition towards a shared ownership lifestyle model
- John's advice for business owners who want to transition to employee ownership
About John Guzek
John Guzek is a researcher and practitioner specializing in Employee Ownership and Organizational Behavior. Recently, he has co-authored an article called 'Overcoming the Barriers to Employee Ownership, Insights from a Small and Medium Business.'
Connect with John Guzek:
- LinkedIn - https://www.linkedin.com/in/guzekjc/
Connect with Andy Farquharson:
- LinkedIn - https://www.linkedin.com/in/andyfarquharson/
- Instagram - https://www.instagram.com/andyfarq
- Website - https://abettermonday.me/
- Email - [email protected] -
Episode Summary:
For today's episode of The Alternative Exit Podcast, Andy Farquharson is joined by Beth Spong, CEO of Dean's Beans Organic Coffee. She had a career working in a non-profit and a respected leader in employee ownership.
In this episode, she shared her journey working with Dean's Beans Organic Coffee and how she helped the company on its transition from being a founder-led company to an employee-owned company via co-op. She also talked about the challenges of leading change in a company, and the response of employees with their transition to employee ownership. Listen and enjoy the show!
Key Takeaways:
- Helping Dean's Beans' transition from being founder-led to employee-owned via co-op
- Preserving the mission and looking after employees in the local community
- How to know if a company is ready for the ownership transition?
- What do bylaws mean in a co-op?
- Periodic opportunities for people to question decisions
- The biggest challenge as a leader in supporting and guiding change in a company
- Employees' response to their transition to being an owner
- Beth's favorite resource on employee ownership
About Beth Spong
Beth Spong is the CEO of Dean's Beans Organic Coffee. She has a career in non-profits and is a respected leader in employee ownership. Beth has overseen the transition of this business from founder-led to an employee-owned model and as a co-op. As a permanent voice in employee ownership, she contributed to reshaping the narrative of how worker empowerment and shared governance can transform the work environment for her people.
Connect with Beth Spong:
- Website: https://deansbeans.com/
- Facebook: https://www.facebook.com/DeansBeansOrganicFairTradeCoffee
Instagram: https://www.instagram.com/deansbeanscoffee
Connect with Andy Farquharson:
- LinkedIn - https://www.linkedin.com/in/andyfarquharson/
- Instagram - https://www.instagram.com/andyfarq
- Website - https://abettermonday.me/
- Email - [email protected] -
Episode Summary:
For today's episode of The Alternative Exit Podcast, Andy Farquharson is joined by Alex Moss, a pioneer in the field of employee ownership and is currently the president of Praxis Consulting Group. Alex has decades of experience advising employee-owned companies and mission-driven organizations. He served in leadership roles on the boards of multiple ESOPs and has been a key advocate in the employee ownership community.
Andy will dive into Alex's journey and his work at Praxis. He also shared in this episode his insights on creating resilient and high-performing organizations through employee ownership. Listen and learn more about these topics, and enjoy the show!
Key Takeaways:
Alex and his story of forming Praxis Consulting Group.Employee ownership is a great tool to help people succeedCore elements of a great employee ownership modelConnecting theory and practice at PraxisHow Alex approach organizational changeWhat is business sustainabilityThe value system of ownership vs leadershipWhy won't employees want ownership?About Alex Moss
Alex Moss is the Founding Principal of Praxis Consulting Group. He is a pioneer in the field of employee ownership and has decades of experience advising employee-owned companies and mission-driven organizations. Alex has served in leadership roles on the boards of multiple ESOPs and has been a key advocate in the employee ownership community.
Connect with Alex Moss
Website: https://www.praxiscg.com/team/alexander-p-moss-mppmConnect with Andy Farquharson:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - [email protected] -
Episode Summary:
In this episode of The Alternative Exit Podcast, Andy Farquharson is joined by Alison Lingane, a dedicated social entrepreneur who spent her career leveraging the business. She co-founded a non-profit called Project Equity, which promotes employee ownership.
She shared her journey with Project Equity and her transition to focus on expanding investment capital for employee ownership through the Ownership Capital Labs, which is advancing shared ownership models. Alison and Andy also talked about the power of employee ownership, the cash collateral program, and the beauty of the employee ownership space. There is a lot of value in this episode; enjoy the show!
Key Takeaways:
Alison's inspiration to co-found Project EquityThe real power of ownership through the lens of employee ownershipImpacts of collective groups of employee-owned businesses on the local economyAbout the cash collateral programReorder of steps in the process of employee ownershipBridging the gap for employee ownership with Ownership Capital Labs Alison's advice for business owners about employee ownershipAbout Alison Lingane
Alison Lingane is a dedicated social entrepreneur who spent her career leveraging business. Ten years ago, she co-founded a non-profit called Project Equity, an organization that has been promoting employee ownership. She also expanded from Project Equity to investment capital for employee ownership through the Ownership Capital Labs.
Connect with Alison Lingane
Website: https://ownershipcapitallab.capital/Connect with Andy Farquharson:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - [email protected] -
Episode Summary:
In this episode of The Alternative Exit Podcast, Andy Farquharson interviews Drew Mousetis, the Executive Director of Tandem Centre for Shared Business Success. Drew shares his experience working in Cargas and how the company helped him become an expert in direct employee ownership.He shared the benefits of direct employee ownership and the powerful impact of keeping businesses community-centered. They also talked about the stock grant program, educating employees about the company's financial and operational data, and the five different stages of employee ownership. Listen and hear Drew's inspiring stories and value in this field. Enjoy the show!
Key Takeaways:
The concept of shared success for all employees Benefits of direct employee ownership to Drew while in Cargas Guiding principles of direct employee ownershipTrain employees to learn and understand the company's financial and operational dataHow the Employee Stock Ownership Plan differs from other models of employee ownershipThe five different stages of employee ownershipAbout Drew Mousetis
Drew Mousetis is a leader in the field of employee ownership. He is the Executive Director of Tandem Centre for Shared Business Success, and he previously worked extensively with Cargas. With Cargas, Drew helped the company to transition towards an employee-owned company. Now, at Tandem, his mission is to help companies create lasting legacies through direct employee ownership.
Connect with Drew Mousetis
Website - https://www.tandemcenter.org/Connect with Andy Farquharson:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - [email protected] -
Episode Summary:
In this episode of The Alternative Exit Podcast, host Andy Farquharson sits down with Rob Brown, Director of Business Ownership Solutions at the Cooperative Development Institute (CDI), to discuss the transformative power of employee ownership. Rob shares insights into how transitioning businesses to employee-owned cooperatives not only benefits employees but also builds stronger communities and ensures business continuity.
From sharing real-world examples to outlining CDIâs comprehensive transition support, Rob explains the key factors that make employee-owned companies thrive. Tune in to hear Robâs expert take on why employee ownership is more than just a financial decisionâitâs a path to lasting legacy and stability.
Key Takeaways:
The mindset shift required for employees to see themselves as owners.Open-book management to create a culture of trust and engagement.The financial and interpersonal benefits of employee-owned cooperatives.The transition with CDIâs âsoup-to-nutsâ approach to support and training.The process of turning employees into credible, bankable buyers.Resources Mentioned:
Democracy at Work Institute - https://institute.coop/The Great Game of Business - https://www.greatgame.com/
About Rob Brown:Rob Brown is the director of Business Ownership Solutions at the Cooperative Development Institute. He is a nationally recognized expert in the field of cooperative ownership transitions and transaction development, and has assisted dozens of companies to explore, assess, structure and execute worker cooperative conversions.
Rob has developed extensive programs of education, training, coaching and technical assistance for boards, management and members in new worker-owned cooperatives, and leads programs at the local, regional, and national level to educate and advise business owners on the exit planning process and options.
Connect with Corey Rosen:
Website - https://cdi.coop/Connect with Andy Farquhason:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/Instagram - https://www.instagram.com/andyfarqWebsite - https://abettermonday.me/Email - [email protected] -
Episode Summary:
In this episode of The Alternative Exit Podcast, Andy Farquharson hosts Maureen Conway, Vice President at the Aspen Institute and Executive Director of its Economic Opportunities Program. Together, they delve into the transformative potential of employee ownership, discussing how it addresses economic inequality, enhances job quality, and fosters long-term business competitiveness.
Maureen shares her journey advocating for inclusive business models, highlights innovative initiatives from the Aspen Institute, and offers actionable advice for business owners considering transitioning to employee ownership. Packed with insights, this episode is a must-listen for anyone exploring sustainable business models and community impact. Tune in to discover how employee ownership can redefine success for companies and workers alike!
Key Takeaways:
The transformational power of employee ownership in building equitable economies.Myths about employee-owned companies and showcasing their scalability.Advice for business owners planning a transition to employee ownership.How employee ownership fosters civic engagement and strengthens communities.Systemic barriers that hinder the growth of employee ownership models.About Maureen Conway:
Maureen Conway serves as vice president at the Aspen Institute and executive director of the Instituteâs Economic Opportunities Program (EOP). EOP works to expand individualsâ opportunities to connect to quality work, start businesses, and build economic stability that provides the freedom to pursue opportunity. Maureen founded EOPâs Workforce Strategies Initiative and has headed up workforce research at the Aspen Institute since 1999. Maureen also curates a public discussion series at the Aspen Institute, Opportunity in America, which brings together voices from business, labor, policy, human services, media, academia, and others to discuss the challenges experienced by many in todayâs labor markets and new ideas for addressing these challenges.
In addition, Maureen oversees EOPâs leadership development programs, which connect innovators, both within communities and from across the country, to peers working to help low- and moderate-income Americans access opportunity.
Connect with Maureen Conway:
Website - https://www.aspeninstitute.org/people/maureen-conway/Connect with Andy Farquharson:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/Instagram - https://www.instagram.com/andyfarqWebsite - https://abettermonday.me/Email - [email protected] -
In this episode of The Alternative Exit Podcast, Andy Farquharson sits down with Matt Hancock, a consultant at Praxis Consulting Group and co-founder of Chicago Tech Academy, to explore how organizations can create thriving ownership cultures. Matt shares his journey from Italyâs cooperative economy to working with U.S. employee-owned companies, offering invaluable insights into how leaders can foster innovation, resilience, and inclusivity in employee ownership.
He discusses the building blocks of ownership culture, from education and leadership development to continuous improvement practices, and highlights the long-term benefits of investing in people. This episode is packed with actionable advice and thought-provoking stories that will inspire any business owner considering employee ownership. Donât miss out on this engaging conversationâlisten now to unlock the full potential of ownership culture!
Key Takeaways:
The essential link between rights and responsibilities in ownership culture.How education and leadership are the foundation of successful employee ownership.The transformative impact of continuous improvement practices in employee-owned companies.How transparency and financial literacy empower employees to think and act like owners.How aligning leadership values with organizational goals creates long-term resilience.
About Matt Hancock:Matt Hancock helps organizations develop ownership cultures that are inclusive, resilient, and innovative. In addition to employee-owned firms, Matt has extensive experience working with labor-management partnerships and non-profit organizations in the United States and the European Union.
Prior to joining Praxis, Matt co-founded Chicago Tech Academy (ChiTech), Chicagoâs first technology-focused high school. Matt began his career in Bologna, Italy, where he earned a Masterâs in Cooperative Economics from the University of Bologna. He authored a book, Compete to Cooperate, about the cooperative movement there. He holds a BA in history from Skidmore College, a Green Belt in Lean/Six Sigma and is the past Chair of The ESOP Associationâs Ownership Culture Committee.
Connect with Matt Hancock:
Website - https://www.praxiscg.com/team/matthew-hancock-mbaConnect with Andy Farquharson:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/Instagram - https://www.instagram.com/andyfarqWebsite - https://abettermonday.me/Email - [email protected] -
Episode Summary:
In this episode of The Alternative Exit Podcast, Andy Farquharson interviews Simon Morton, founder of Eyeful Presentations and author of Employee Ownership: A Guide to Transitioning from Boss to Benefactor. Simon shares his journey of transitioning his company to employee ownership after nearly two decades, highlighting the challenges, successes, and deeply personal motivations behind his decision.
He provides actionable advice on leadership, communication, and creating a legacy through employee ownership, while also offering a candid look at the emotional and practical aspects of letting go. This episode is a treasure trove of insights for anyone considering employee ownership as an exit strategy. Tune in to hear Simonâs inspiring story and expert advice!
Key Takeaways:
The importance of strong leadership and coaching before transitioning to employee ownership.Open communication as the cornerstone of a successful employee ownership transition.How aligning personal and business goals creates a sustainable legacy.The transformative impact of empowering employees to think and act like owners.The balance between financial goals and the emotional satisfaction of leaving a lasting legacy.
About Simon Morton:Simon Morton is an internationally recognized expert on presentation development, and is the founder of Eyeful Presentations, one of the top three presentation consultancy and design companies in the world. Serving customers from more than 20 countries via five global offices, Simon has worked with top brands and thought-leaders, helping them to develop presentations that get the job done.
He is well known for his concept challenging views on modern business presentations and in this series, he discusses his book, âThe Presentation Lab: Learn the Formula Behind Powerful Presentationsâ with Grant Leboff.
Connect with Simon Morton:
Website - https://eyefulpresentations.com/LinkedIn - https://www.linkedin.com/in/morts-uk/Connect with Andy Farqurhason:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/Instagram - https://www.instagram.com/andyfarqWebsite - https://abettermonday.me/Email - [email protected] -
Episode Summary:
In this episode of The Alternative Exit Podcast, Andy Farquharson interviews Chris Budd, founder of the Eternal Business Consultancy, to explore how employee ownership trusts (EOTs) can help business owners preserve their legacy and build enduring organizations. Chris shares his journey from business owner to employee ownership advocate, emphasizing the importance of planning, preparation, and engaging employees in the process.
Through Chrisâs insights, listeners gain a comprehensive view of EOTs as a viable path for business continuity and employee engagement. Donât miss this episode for a deep dive into creating a lasting legacy through employee ownership.
Key Takeaways:
The importance of aligning purpose with employee ownership.How EOTs offer a path to sustainable legacy-building.Preparation to ensure smooth employee ownership transitions.How employee voice strengthens business culture.Guide founders on how to step back and let employees lead.Resources Mentioned:
The Eternal Business - https://theeternalbusiness.com/the-book/
About Chris Budd:Chris started out as a self-employed independent financial adviser in 1998 (incorporating as Ovation on 1st January 2000) with a strong vision. At the time, financial advice was all about product sales and high up-front commissions. Chris believed that financial advice should be more about planning and a long-term relationship with clients. At the time, he was laughed at (quite literally) for these ideas. All these years later, Ovation delivers planning and advice in a way that makes Chris and our wonderful team very proud.
The Managing Director of Ovation for 20 years, Chris also founded the Initiative for Financial Wellbeing, the Eternal Business Consultancy and the Backwell Flax Bourton Cricket Club youth section. Now, as Chair, Chris supports the amazing employees of Ovation. He loves the fact that everyone here believes in the core purpose he set out to achieve: helping clients to be happier.
Connect with Chris Budd:
LinkedIn - https://www.linkedin.com/in/chris-budd-80b75413/Website - https://theeternalbusiness.com/Connect with Andy Farquhason:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/Instagram - https://www.instagram.com/andyfarqWebsite - https://abettermonday.me/Email - [email protected] -
Episode Summary:
In this engaging episode of The Alternative Exit Podcast, Andy Farquharson interviews Matt Cropp, Executive Director of the Vermont Employee Ownership Center, who sheds light on the far-reaching impact of employee ownership on businesses, communities, and individual wealth.
Matt shares stories from Vermontâs leading employee-owned companies, discussing the nuances of ESOPs versus worker cooperatives, and why these models lead to stronger communities and resilient companies. Dive in to discover how employee ownership is transforming business legacies and creating sustainable economic growth.
Key Takeaways:
How employee ownership deepens employees' connection to their work and community.The differences between ESOPs and worker cooperatives.How Vermont businesses succeed with employee ownership.The long-term community benefits of employee-owned businesses.How employee ownership builds retirement security and resilience in downturns.Resources Mentioned:
Carris Reels - https://carris.com/
About Matt Cropp:Matt has been with the organization since 2014, where he has developed deep expertise in employee ownership while serving in a variety of roles before becoming Executive Director. Matt received his MA in History from UVM in 2011, where he studied economic history and the origins of cooperative finance. He's involved on a volunteer basis with a number of co-op projects, including as a board member of two real estate co-ops, as chair of an investment club, and as a member of a credit union supervisory committee.
Matt lives in the New North End of Burlington with his partner and their son, and in his free time enjoys gardening, tinkering with electronics and sustainable energy tech, and spending nice days rolling around town on his bike at a leisurely pace.
Connect with Matt Cropp:
LinkedIn - https://www.linkedin.com/in/matt-cropp-9b9b5137/Website - https://www.veoc.org/teamConnect with Andy Farquhason:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/Instagram - https://www.instagram.com/andyfarqWebsite - https://abettermonday.me/Email - [email protected] -
Episode Summary:
In this episode of The Alternative Exit Podcast, Andy sits down with Jon Shell, Chair of Social Capital Partners, to explore the transformative potential of employee ownership. Jon shares insights from his journey in advocacy and policy, recounting how heâs championed for Employee Ownership Trusts (EOTs) in Canada to address wealth inequality and business succession.
His experiences highlight the advantages of EOTs, from preserving a companyâs legacy to fostering economic resilience in the workforce. Tune in to discover the future of ownership and its role in reshaping business culture and social equity.
Key Takeaways:
How Employee Ownership Trusts empower business owners to leave a lasting legacy.The role of employee ownership in combating wealth inequality.Canadaâs steps toward adopting EOTs for sustainable economic transitions.The tangible impact of majority-owned employee businesses in economic recessions.How Social Capital Partners leverages ownership funds for wider social outcomes.Resources Mentioned:
Capital in the Twenty-First Century - https://www.amazon.com/Capital-Twenty-Century-Thomas-Piketty/dp/067443000X
About Jon Shell:Jon Shell is Chair of Social Capital Partners (SCP) and has been advocating to bring Employee Ownership Trusts to Canada since the release of SCPâs report Building an Employee Ownership Economy in 2020. Heâs a former small business owner and co-founder of the Canadian Employee Ownership Coalition. Jon was Managing Director of SCP from 2017-2023, leading the transition to our Ownership Agenda. He spent most of his career in the private sector before joining SCP, founding and growing successful companies in both Canada and Australia.
Jon co-founded both Save Small Business and the Canadian Employee Ownership Coalition. Jon was first introduced to SCP when Bill supported a volunteer entrepreneurship project he was leading in Kenya in 2008. He received a BA from Queenâs University and an MBA from the Richard Ivey School of Business at Western University.
Connect with Jon Shell:
LinkedIn - https://www.linkedin.com/in/jon-shell-8952491Website - https://www.socialcapitalpartners.ca/Connect with Andy Farquharson:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/Instagram - https://www.instagram.com/andyfarqWebsite - https://abettermonday.me/Email - [email protected] -
Episode Summary:
In this episode of The Alternative Exit Podcast, host Andy Farquharson talks with Derek Razo, Co-Founder and Managing Partner of Common Trust, about the transformative role of Employee Ownership Trusts (EOTs) in helping business owners transition ownership to employees while preserving company legacy and culture.
Derek highlights the benefits of EOTs as an effective alternative to traditional exits, especially for small to mid-sized businesses, and shares how this model fosters a culture of collective ownership and profit-sharing. Join the conversation to understand how EOTs are not only changing business succession but also reshaping communities by promoting shared wealth.
Key Takeaways:
How EOTs empower employees to share in the companyâs success.How employee ownership helps preserve business legacy and culture.Why EOTs are more accessible and scalable than ESOPs.How employee ownership transforms communities by creating local wealth.The essential role of an ownership culture in driving business resilience.Resources Mentioned:
Text-Em-All - https://www.youtube.com/@TextEmAllAbout Derek Razo:
Derek Razo, Co-founder and Managing Partner at Common Trust, is a leading expert in steward ownership transitions and has been instrumental in advancing the movement for purpose-driven business structures since 2016. He has co-founded influential organizations like Purpose International and Purpose US, which popularized the use of Perpetual Purpose Trusts for mission protection.
He has served as an investor, advisor, and delivery partner for businesses shifting to stakeholder and purpose ownership models. With a computer science and business background from UC Berkeley, Derekâs diverse experience spans from founding cooperative and open source businesses to collaborating on community-led projects in affordable housing and indigenous-led funds.
Connect with Derek Razo:
LinkedIn - https://www.linkedin.com/in/derek-razo-b758a7270/Website - https://www.common-trust.com/Connect with Andy Farquharson:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/Instagram - https://www.instagram.com/andyfarqWebsite - https://abettermonday.me/Email - [email protected] -
Episode Summary:
In this episode of The Alternative Exit, Andy talks to Professor Ajay Bhalla, PhD, a Professor of Family Business at Bayes Business School and an expert in employee ownership. Ajay discusses the profound benefits and challenges of transitioning businesses to employee-owned models, drawing from both research and real-world examples, such as John Lewis and Make Architects.
He emphasizes the importance of aligning employee ownership with company culture, maintaining profitability, and ensuring legacy. Ajay also explores how businesses can overcome financial challenges during this transition, with the right planning and external support. Don't miss this episode if you're curious about how employee ownership can boost engagement, foster innovation, and preserve business legacy.
Key Takeaways:
How successful employee ownership requires founders to trust in the profitability and sustainability of the business.Understanding the critical role that creating a strong employee culture plays in successful ownership transitions.Discovering how external patient capital can bridge the gap in financing employee buyouts.Learning about the flexibility and creativity employee-owned businesses gain during economic downturns.The importance of starting the transition to employee ownership early for a smooth and profitable process.Resources Mentioned:
Employee Ownership Association in the UK - https://employeeownership.co.uk/
About Ajay Balla:Born into a third generation family business in India, Ajay is regarded as one of the leading global experts on family businesses and strategy. Over the past 25 years, Ajay has worked closely with family businesses across the world, advising them on issues ranging from family governance, succession, next generation engagement to digital transformation. He is currently a Chaired Professor of Family Business & Innovation and Director of Family Business Centre at Bayes Business School of City, University of London.
He also sits on the board of Institute for Family Business (IFB) Research Foundation.
His work stream on ownership has helped shape British governmentâs policy on promoting employee ownership. He has won multiple awards for his research including the most prestigious award for producing impactful research from Academy of Management and Charted Management Institute (CMI).
Winner of multiple teaching awards, he is most passionate about helping next generation leaders build resilient family businesses. He is the co-author of Amazon Best-seller: The Resilient Decision Maker: Navigating Challenges in Business and Life.
Connect with Ajay Balla:
LinkedIn - https://www.linkedin.com/in/ajaybhalla/Website - https://www.ajaybhalla.org/Connect with Andy Farquharson:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/Instagram - https://www.instagram.com/andyfarqWebsite - https://abettermonday.me/Email - [email protected] - Laat meer zien
