Firefly Insights Blog

TEDx Talk: A Smarter Way to Sell Your Business Through Employee Ownership

TEDx Talk: A Smarter Way to Sell Your Business Through Employee Ownership

How Changing Who Owns the Business Can Change Everything Selling your business is one of the biggest decisions you will ever make—but traditional exit strategies can leave owners feeling stuck. What happens to your employees? Your customers? Your legacy? In this powerful TEDx talk, our founder Jennifer explores a growing alternative: employee...

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Your Legacy, Your Way: Employee Ownership Trusts

Your Legacy, Your Way: Employee Ownership Trusts

The Canadian Economic landscape is changing with 76% of small businesses due to retire in the next decade, leaving over $2 trillion dollars of business assets at stake (CFIB). With this ‘Silver Tsunami’ rapidly approaching, Founders may be left scrambling for options to sell their business. The Problem A third party sale only offers Founders one...

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Frequently Asked Questions

Frequently Asked Questions

Below you will find a list of frequently asked questions, to help you get the answers you need about employee ownership.  Question not answered? Reach out, we would be happy to help! Employee Ownership What does the ideal company for employee ownership look like? No two employee owned companies are the same, so there is not an ‘ideal’...

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B Corps and Employee Ownership: Natural Allies

B Corps and Employee Ownership: Natural Allies

Balancing People, Purpose and Profit Over my 20+ years in business, I’ve worked at the intersection of balancing people and profit, the environment and social needs with profits, growth, and capital. It is often a tricky balance and for many businesses wanting to demonstrate their commitment to this balance, B Corp certification has offered a way...

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Employee Share Ownership Plan – Increase Business Value Before Selling

Employee Share Ownership Plan – Increase Business Value Before Selling

At Firefly Insights, we help business owners plan for the future. One of the most effective strategies we recommend is starting an Employee Share Ownership Plan (ESOP) well before you are ready to exit. This approach increases your business value, protects your legacy, and ensures a smooth, values-aligned transition. Employee Ownership: A Proven...

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What to Do If You Don’t Want to Sell Your Business

What to Do If You Don’t Want to Sell Your Business

Many business owners eventually face a moment where they ask themselves what to do if you don’t want to sell your business. You may have built a strong, profitable company, but your market valuation does not reflect the value it brings to your life. For example, a valuation might come in at $2.5 million, but you are earning $400,000+ per year in...

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Employee Ownership for $5–$20M Businesses in Canada

Employee Ownership for $5–$20M Businesses in Canada

Affordable, Accessible, and Built Around Your Legacy If your company generates between $5 million and $20 million in annual revenue, you are part of the backbone of the Canadian economy. You have built something profitable, enduring, and deeply connected to your community. When it is time to step back, employee ownership—through an Employee...

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How Employee Ownership and Environmental Sustainability Work Together

How Employee Ownership and Environmental Sustainability Work Together

Rethinking Ownership for a Greener Future As more businesses confront the reality of climate change, sustainability can no longer be treated as a side project. Customers are paying attention. So are communities. And perhaps most of all, employees—especially the next generation—are asking hard questions about how companies align their values with...

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Employee Ownership Trusts in Canada: What We’ve Learned One Year In

Employee Ownership Trusts in Canada: What We’ve Learned One Year In

Just over a year ago, Canada introduced the Employee Ownership Trust (EOT) as a new way for business owners to transition ownership while keeping their companies locally rooted and employee aligned. Since then, interest has grown—but questions remain. Drawing from the UK, where over 2,250 companies have adopted the EOT model since 2014, we are...

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How Purpose-Driven Ownership Is Reshaping Business Succession

How Purpose-Driven Ownership Is Reshaping Business Succession

Firefly Insights founder featured in Ripple of Change magazine We are excited to share a recent feature in Ripple of Change magazine, where our founder Jennifer Williams discusses the future of business succession through values-driven ownership. In the interview, Jennifer explores how rethinking ownership—through models like Employee Ownership...

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The Cash Trap That Could Be Costing You Major Tax Benefits

The Cash Trap That Could Be Costing You Major Tax Benefits

Understanding One of the Most Overlooked Disqualifiers for the Lifetime Capital Gains Exemption Many Canadian business owners are familiar with the Lifetime Capital Gains Exemption (LCGE)—a powerful tool that can shield up to $1.25 million of capital gains from tax when selling shares of a qualified small business corporation (QSBC). In some...

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Finding Purpose at Work: Why Ownership Should Matter to Employees

Finding Purpose at Work: Why Ownership Should Matter to Employees

As human beings, we naturally seek a sense of purpose. Our identities are shaped by the roles we play—siblings, parents, friends, teammates. Work is no different. For many of us, how we earn a living is more than just a job; it is a big part of who we are. We spend much of our lives working—so it is only fair to expect something meaningful in...

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How Employee Ownership Helps Canadian Business Owners Plan a Legacy-Focused Exit

How Employee Ownership Helps Canadian Business Owners Plan a Legacy-Focused Exit

Featured in CanadianSME Business Magazine As thousands of Canadian business owners near retirement, the question of how to exit their business has become more urgent—and more complicated. Traditional sales and third-party takeovers often leave employees vulnerable and the legacy of the business uncertain. But there is another way. In our recent...

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Why Specialized Advisory Makes a Difference for Your Business

Why Specialized Advisory Makes a Difference for Your Business

When planning for the future of your business—whether transitioning ownership or retaining top talent—you might wonder why you should engage an additional advisor if you already have an accountant or lawyer. The answer is simple: specialized guidance helps you build a customized strategy that maximizes long-term success. Think of it like choosing...

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Retaining Emerging Talent: What Younger Workers Really Want

Retaining Emerging Talent: What Younger Workers Really Want

You have built a strong team—experienced, committed, and full of deep institutional knowledge. But as you look ahead, one reality is clear: some of your most trusted people are beginning to think about retirement. Their knowledge, leadership, and relationships have helped shape your business—so how do you ensure that legacy is not lost, but...

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Client Case Study – Ripple of Change

Client Case Study – Ripple of Change

Client Overview Ripple of Change is a social purpose publication that is designed to pair stories with actions. It offers curated stories of people making change in their communities, educational tools, and like-minded organizations with which you can engage. Challenge The publication was primarily led by a co-founder who, as the driving force...

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Why Change Management Is the Hidden Challenge in Any Ownership Transition

Why Change Management Is the Hidden Challenge in Any Ownership Transition

When it comes to business transitions—especially Employee Ownership transitions—most people focus on legal structures, financial models, or tax considerations. But the real test comes after the deal is done. Once the ownership transition paperwork is signed and the dust settles, the hard work truly begins: managing change. For many organizations,...

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A Comprehensive Guide to Family Succession Planning and Employee Ownership

A Comprehensive Guide to Family Succession Planning and Employee Ownership

The business stays in the family—there is no question about that. But making it work for the long haul? That is where things get tricky. Generational transitions can be bumpy, and the stats are not in your favor. There is a better way. By combining Family Transitions with Employee Ownership, you can secure your legacy, set the next generation up...

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Jennifer Williams Featured in Canadian Family Offices

Jennifer Williams Featured in Canadian Family Offices

Jennifer Williams, founder of Firefly Insights, was recently featured in Canadian Family Offices in an article addressing one of the most pressing challenges facing business owners today: succession without a clear heir. The article, “At a succession dead end? Feds offer tax help for family businesses with no heir,” explores how new federal tax...

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