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How ESOP can be a solution to owner burn-out
For selling owners who have skepticism over the ESOP structure. This podcast contextualizes the value of an ESOP based on each owners individual situation.
When Business Owners Burn Out
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Suggest questionThis week, in episode 164, Shawn Busse and Jay Goltz discuss a recent Business Journal report that a lot of business owners are feeling burned out. Why is that, and what can owners do to avoid it? And have either Shawn or Jay been there? Plus: Shawn brings us up to date on the leadership transition he’s initiated, and—believe it or not—Jay has had another revelation about ESOPs. Also, do business owners need better regulation or no regulation? And which regulations are annoying Shawn and Jay the most right now? For Shawn, it’s the nightmare of having employees in multiple states and having to figure out and comply with the various rules of each of those states.
Show Notes:
You can learn more about Shawn Busse’s September event Catalyst.
Here’s the Business Journal article about business owner burnout.
Here’s the podcast where Phil Hayes offers a fresh perspective on what it takes to do an ESOP.
Here’s the conversation where Jim Kalb talked about his own ESOP.
Here’s the most recent Dashboard conversation where I talk about regulation with Gene Marks.
About 21 Hats Podcast
The 21 Hats Podcast presents an authentic weekly conversation with small business owners who are remarkably willing to share what’s working for them and what isn’t. Unlike many business podcasts, which tend to talk to highly successful entrepreneurs whose struggles are in the past, the 21 Hats Podcast features a rotating cast of business owners who are still very much in the trenches fighting the good fight. Every week, our regulars gather to talk about the kinds of important issues many owners won’t even discuss behind closed doors: whether their businesses are as profitable as they should be, whether they are willing to give up some control to an investor in order to grow faster, why they had to lay off employees, how they wound up with way too much inventory, why they don’t have a succession plan, and even why they are concerned about their own mental health. Visit 21hats.com to hear all of our podcast episodes, read episode transcripts, and learn more. The show is produced by Jess Thoubboron, founder of Blank Word.