Is an Employee Stock Ownership Plan Right for My Business? An exploration of all of a business owner’s exit options would not be complete without considering an Employee Stock Ownership Plan, or ESOP. To be clear, an ESOP is not a perfect fit for every business. According to a March 2021 article published on the National Center for Employee Ownership, there are only 6,501 ESOPs in the US, representing only one-tenth of one percent of all US companies that employ more than one

It was a pleasure and an honor to be a guest on Tom’s podcast. Tom and I have know each other for a long but he did not know of some of the pressures I had put on myself over the years. When we had a conversation about what I have done to combat stress and eventual burnout, he wanted to have me as a guest to share my experiences. So often entrepreneurs know that they under a lot of stress, but they don’t take measures to fix things until it is too late. It's important for bus

I’m fascinated by earthquakes. I know they’re bad and destructive, so maybe just the little ones. Still, the New Madrid Fault line notwithstanding, living in Chicago, I’m resigned to probably never experiencing an earthquake, which oddly disappoints me.I’m absolutely sure this has nothing to do with Lex Luthor’s plan in the first Superman movie to cause a massive earthquake to break off part of California to create more beachfront property, which, to my mind, was actually a p

If however, your corporate records have not been updated in a number of years, it will cause the buyer to dig deeper and look for other thin

How protecting your intellectual capital builds long term value. When most business owners think about the value of their business, their thoughts immediately turn to profitability, growth, and tangible assets. Of course, these are all extremely important factors in valuing any business. However, there are other things, intellectual assets, that impact long-term sustainable value in your business. Intellectual assets are the sum of your company's intellectual capital. We find