The Power of Employee Ownership
- The Power of Employee Ownership Diane Helbig 25:10
Welcome back to another enlightening episode of Accelerate Your Business Growth! Today, we delve into a subject that is often misunderstood but immensely valuable for business owners: Employee Stock Ownership Plans (ESOPs). Our special guest is Kelly Finnell, president of Memphis-based Executive Financial Services, a leading ESOP consultant, and a sought-after speaker. Kelly regularly shares his expertise on employee ownership across various international platforms, and he’s also the acclaimed author of “The ESOP Coach: Using ESOPs in Ownership Succession Planning.”
 In this episode, Kelly breaks down what an ESOP is and how it serves as both a liquidity strategy for business owners and an equity-based Retirement plan for employees. He discusses the significant tax benefits of ESOPs, common misconceptions, and how company culture can play a pivotal role in their success. Kelly also shares key financial metrics to consider and provides a glimpse into the process of implementing an ESOP.Â
Join our host, Diane Helbig, as she uncovers the intricacies of ESOPs with Kelly, providing invaluable insights for business owners exploring the possibility of an employee-owned future. Whether you’re considering selling your company or simply curious about ESOPs, this episode offers a comprehensive guide to understanding this powerful business transition tool. Be sure to download Kelly’s Ownership Successor Guide.
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Each episode of this podcast provides insights and Education around topics that are important to you as a business owner or leader. The content comes from people who are experts in their fields and who are interested in helping you be more successful. Whether it’s sales challenges, leadership issues, hiring and talent struggles, marketing, seo, branding, time management, customer service, communication, podcasting, social media, cashflow, or publishing, the best and the brightest join the host, Diane Helbig, for a casual conversation. Discover programs, webinars, services, books, and other podcasts you can tap into for fresh ideas. Be sure to subscribe so you never miss an episode and visit Helbig Enterprises to explore the many ways Diane can help you improve your business outcomes and results.Â
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