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Suggest who benefitsDashboard: The State of Small Businesses
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Suggest questionThis week, Loren Feldman talks to John Arensmeyer, founder and CEO of Small Business Majority, about what most concerns the businesses in his group and how they view their prospects. Plus: what are smaller businesses doing now that the Supreme Court has blocked the vax-or-test mandate? Is there a possibility of more funds being allocated to the Restaurant Revitalization Fund? And what are the chances of legislation passing that would curb anti-competitive practices on Big Tech platforms? And is it really the case that these proposals have bipartisan support?
About 21 Hats
The proponents of employee stock ownership plans can make them sound like the greatest thing ever. A business owner can take a big chunk of money off the table—or even all of it—while still getting to run the business. And there are some pretty great tax breaks. Oh, and it will also solve income inequality in America. On the other hand, if ESOPs are so smart, why are there so few of them?
Jim Kalb of Triad Components Group in San Diego and Jeff Taylor of Crafts Technology in Chicago have both implemented ESOPs. Jay Goltz of the Goltz Group in Chicago has reached his 60s without a succession plan, and he’s considering his options. In this 21 Hats Conversation, you get to listen in on a street-smart discussion of the pluses and minuses of ESOPs from the business owner’s point of view.