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Role of Employee Ownership in Exit Planning
Business owners who are very early in their succession planning journey and are trying to understand the landscape of options, including transitioning to employee ownership
Innovative Financing Solutions for Employee Ownership Initiatives - Part 2
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Suggest questionEver wondered why more business owners are shifting towards employee ownership models? Get ready to uncover the secrets behind this rising trend in our latest episode featuring Alison Lingange, co-founder of Project Equity and the Ownership Capital Lab. Allison breaks down the benefits of partial employee ownership, from boosting employee engagement to enhancing overall business value. We also discuss the contrasting motivations behind such transitions, such as operational efficiency versus legacy building, and the distinct differences between the Silicon Valley approach and the community-focused ethos of small businesses.
Tune in as we explore the critical role of employee ownership in sustaining local economies, especially those reliant on manufacturing and production. Alison emphasizes the urgency of succession planning amid the "silver tsunami" of business ownership transitions and explains various financing structures for employee ownership transactions, including seller notes and Community Development Financial Institutions (CDFIs). We also get a sneak peek into Alison's current and future projects, leaving you eager for more insights. Don't miss this enlightening discussion that could change how you think about business ownership and succession planning.
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About The Mindful Marketplace with Joel Skene
The Mindful Marketplace is where we share the stories of entrepreneurs, investors, economists, and business leaders who are not only making a profit, but who are creating more equitable, sustainable, and democratic business practices and communities along the way. It's where we learn how to connect our money and our time to our values, our community, and ourselves.
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