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Submit ReviewSUMMARY: In this episode Chris Cooper speaks with Eric Zaleski and Michael Rosendahl of PCE Investment Bankers, about what business owners should be thinking about, and doing, to prepare for a business succession. In many cases, business owners see succession planning as something that will take place far off in the future, as something that can wait. Or it seems like an enormously complex issue that gets overwhelming fast. Both Eric and Michael break down the process into two options, inside sale or outside sale and what both entail at a high level. They also cover what you can start doing now to prepare for business succession and provide great insights into how preparation for succession planning in the future can actually help your company's performance in the here and now.
SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to produce. Consider making a DONATION today to help keep our work going.
GUEST INFO :
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Erick Zaleski , PCE Investment Bankers : https://www.linkedin.com/in/mattsillabusinessvaluationcle/
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Michael Rosendahl, PCE Investmen Bankers https://www.pcecompanies.com/staff-member/michael-rosendahl
WE WANT TO HEAR FROM YOU: We are always looking for new employee ownership stories to tell. Please contact us with your story at oeoc@kent.edu
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Guest: Eric Flickinger and Matt Silla
SUMMARY: In this episode we sit down with two valuation experts, Eric Flickinger and Matt Silla of Apple Growth Partners. The conversation is wide ranging and includes discussion of high level trends we saw in 2022 that will impact company valuations, what their general 2023 outlook is, and what they are watching for. More specific conversations also include the Federal Reserve’s monetary policy and what it means for valuations and acquisitions, what the economic trends tell us about a possible 2023 recession, and what may happen around the US debt ceiling debate.
SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to produce. Consider making a DONATION today to help keep our work going.
INFO :
· Matt Silla, Apple Growth Partners: https://www.linkedin.com/in/mattsillabusinessvaluationcle/
· Eric Flickinger, Apple Growth Partners: https://www.linkedin.com/in/eric-flickinger/
WE WANT TO HEAR FROM YOU: We are always looking for new employee ownership stories to tell. Please contact us with your story at oeoc@kent.edu
Guest: Jeff Kelley, Hamill Manufacturing Company
SUMMARY: In this episode we speak with Jeff Kelly, former CEO, selling owner, and current Chairman of Hamill Manufacturing, a Pennsylvania based precision and fabricating company which serves the defense, aerospace, and power generation industries. We talk to Jeff about what led him to begin working at the company in 1976 (which is father owned), why he chose to sell the company to the employees using an ESOP, the importance of legacy and loyalty for second generation business owners, and how important developing a succession plan is for manufacturing companies and businesses more broadly.
SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to produce. Consider making a DONATION today to help keep our work going.
INFO :
Learn more about the Hamill Company
WE WANT TO HEAR FROM YOU: We are always looking for new employee ownership stories to tell. Please contact us with your story at oeoc@kent.edu
In this episode we sit down with Bina Smith who is the HR Generalist and Communication Committee chair at Palmier Donavin, a 100% employee-owned company. The interview covers a wide range of areas and draws on Bina’s 8 years of experience serving on her companies communication committee. The discussion includes how to build an ownership culture at a company with multiple locations and a complex production process, general principles for approaching communication around your ESOP, and practical ideas that can be used at other employee owned companies
Guest Contact Info:
https://www.linkedin.com/in/bina-smith-shrm-scp-a2088292/
SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to produce. Consider making a DONATION today to help keep our work going.
WE WANT TO HEAR FROM YOU: We are always looking for new employee ownership stories to tell. Please contact us with your story at oeoc@kent.edu
So, what exactly are state employee ownership centers? What do they do, and why do we need more of them? This episode is a re-broadcast of an interview originally aired by Owners to Owners – another podcast that focuses on employee ownership. Jesse Tyler, the host of Owners to Owners, sits down with Matt Cropp of the Vermont Center for Employee Ownership, Steve Storkan of the Employee Ownership Expansion Network, and Michael Palmieri of the Ohio Employee Ownership to discuss how state centers approach the tasks of outreach, education, advocacy as well as what drives each of them personally to work to grow employee ownership.
Follow the Owner to Owner podcast: https://www.ownertoownerpodcast.com/
Owners to Owners is part of the Broader EO Podcast Network Learn more about it here: https://www.eopodcastnetwork.com/
SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to produce. Consider making a DONATION today to help keep our work going.
WE WANT TO HEAR FROM YOU: We are always looking for new employee ownership stories to tell. Please contact us with your story at oeoc@kent.edu
SUMMARY: In this episode we speak with Deanna Colombo of Butler/Till a women owned, 100% employee-owned, and Certified B Corporation marketing agency located in Rochester NY. We talk about all things culture and communication, and how both can be maintained through periods of rapid change and growth. In the past two years, Butler/Till has nearly doubled its workforce, opened up a new headquarters, and implemented a hybrid work option – all while navigating covid. Throughout this period, the company has maintained, and even strengthened its company culture. We get into the philosophical questions regarding what drives culture (bottom up vs. top town), practical ways to create communication channels for employee-owners, and how Butler/Till celebrated Employee Ownership Month. If you are looking for some great ideas to rethink your communication strategies, or even some ideas for employee-ownership events at your company – this episode is for you.
SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to produce. Consider making a DONATION today to help keep our work going.
GUEST INFO :
Deanna Colombo, Butler/Till
WE WANT TO HEAR FROM YOU: We are always looking for new employee ownership stories to tell. Please contact us with your story at oeoc@kent.edu
SUMMARY: In this episode we speak with Corey Rosen, founder of the National Center for Employee Ownership about a his new book he co-authored with business reporter John Case. The interview is wide ranging and touches upon what is driving economic inequality today, how employee ownership is a practical and transformative solution, the role of private equity in employee ownership, the importance of governance rights vs. increased economic security, whether the ‘moment’ employee ownership is having is distinctive from those in the past, and much more.
NCEO BOOK LAUNCH EVENT: https://www.nceo.org/event/nceo-book-launch-ownership-rethinking-capitalism-companies-and-who-owns-what
SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to produce. Consider making a DONATION today to help keep our work going.
GUEST INFO :
Corey Rosen
- Linkedin: https://www.linkedin.com/in/corey-rosen-3a8a8a4
- Phone: 510-208-1314
- Email: CRosen@nceo.org
WE WANT TO HEAR FROM YOU: We are always looking for new employee ownership stories to tell. Please contact us with your story at oeoc@kent.edu
It is common understanding that only C-corporations and S-corporations can sponsor Employee Stock Ownership Plans (ESOPs). But is this indeed the case? In this episode we speak with Mike Sorice about how LLCs can indeed sponsor an ESOP and the reasons why some have chosen this option. We talk about the differences between LLCs and other types of corporations, how LLCs can be structured to sponsor an ESOP, as well as the risks associated with doing so.
SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to produce. Consider making a DONATION today to help keep our work going.
GUEST INFO :
Mike Sorice
- Linkedin: https://www.linkedin.com/in/mike-sorice-law
- Phone: 614.223.9336
- Email: msorice@beneschlaw.com
WE WANT TO HEAR FROM YOU: We are always looking for new employee ownership stories to tell. Please contact us with your story at oeoc@kent.edu
SUMMARY: In this episode we speak with Pete Shuler of Blue Ridge ESOP Associates and go into the mechanics of ESOP administration and talk about Third Party Administrators (TPAs) – what they are and do, why they do it, and how you as a plan administrator in your company can take steps to ensure your relationship with your TPA is strong, efficient, and useful.
SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to produce. Consider making a DONATION today to help keep our work going.
GUEST INFO :
Pete Shuler
- Phone: +1 614 280 5208
- Email: pshuler@blueridgeesop.com.
WE WANT TO HEAR FROM YOU: We are always looking for new employee ownership stories to tell. Please contact us with your story at oeoc@kent.edu
SUMMARY: A growing body of research shows that employee-owned companies outperform traditional companies on a range of measures, especially during economic downturns – but is has this pattern continued through covid-19? On this episode we speak with Nancy Wiefek and Nathan Nicholson of the NCEO about two recent research projects that seek to answer this very question. Spoiler alert, employee-owned companies continued to outperform traditional companies, provide increased employment stability, and better levels of retirement security throughout the pandemic.
- ESOPs in the US Food System: https://www.nceo.org/employee-ownership-blog/new-nceo-research-shows-benefits-being-esop-food-industry
- Ownership Structure and Resiliency in Crisis: https://esca.us/news/new-study-employee-ownership-provided-resiliency-financial-security-during-crisis/
- 28-34 Year Old Employee Owners Over Time: https://www.ownershipeconomy.org/
- NBC News Featuring NCEO Research: https://www.nbcnews.com/business/personal-finance/workers-companies-arent-rushing-join-great-resignation-s-rcna13706
SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to produce. Consider making a DONATION today to help keep our work going.
GUEST INFO :
Nancy Wiefek
- Email NWiefek@nceo.org,
- Phone: 510-208-1312
Nathan Nicholson
- Email NNicholson@nceo.org
- Phone 510-208-1313
WE WANT TO HEAR FROM YOU: We are always looking for new employee ownership stories to tell. Please contact us with your story at oeoc@kent.edu
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