ESOP (Employee Stock Ownership Plan), EOT (Employee Ownership Trust), and Worker-Owned Cooperative are three different models for transferring ownership of a business to its employees. Each model has its own advantages and considerations, so the choice depends on the specific goals and...
And not your kids.... HBO's Succession depicted the complex dynamics of passing down a family business, painfully reminding the viewer of the potential challenges and pitfalls of transitioning leadership to the next generation. Having worked with many family businesses, these dynamics can be all...
The Canadian Federation for Independent Business reported in January 2023 indicating that 76% of small business owners are planning to exit their business in the coming 10-years. Of these only 9% have a succession plan in place. Given this, what are you doing to facilitate selling your business?...
Life’s lessons are all around us if we are open to them. With 4 kids in hockey, I spend a lot of time in hockey rinks these days, so for me, life lessons show up in hockey rinks. ☺ This past weekend, my eldest two kids, were playing a minor hockey game AGAINST one another. Normally siblings would...
We are star dust, we are golden and we’ve got to get ourselves back to the garden. – Joni Mitchell There is such divisiveness in the political and economic world right now, it’s painful to be part of a society with this level of oppression, especially at a time when we need to work together to...
I have a four-year old daughter. She is lovely, and bossy. I recently read that by the age of 5 girls are taught that it's not girl like to be bossy. I have to admit, as the mother of a bossy 4-year old I find myself thinking…., “don’t be so bossy”. And I stop myself. I don’t remember saying this...