Like most business owners, I assume I have lots of time for business transition planning. I’m in my 50’s, am healthy, and have a good team around me. I haven’t discussed a back up plan with my spouse, and don’t have an estate plan for my business. I am not alone. And...
Employee Ownership Trusts (EOTs) have been getting a lot of attention lately—and for good reason. They offer business owners a way to transition ownership to employees while preserving the culture, legacy, and independence of the company. For many founders, the idea...
Hiring senior leaders and key staff is one of the most pivotal growth decisions a founder makes. This is especially true when considering employee ownership for business growth. At a certain stage, it’s no longer about filling roles. It’s about bringing in people who...
When evaluating bonuses vs employee ownership, many business owners are really asking a deeper question: How do we motivate performance while strengthening long-term business value? Bonuses, incentive plans, and long-term incentive plans (LTIPs) can be effective — but...
Employee ownership may be a brand-new concept for many Canadian business owners. While Employee Ownership Trust (EOT) legislation only became law in Canada in June 2024, the broader history of employee ownership in this country is decades long. By understanding...
While Google can tell you what employee ownership is, it rarely helps you decide whether considering employee ownership makes sense for your business. At Firefly Insights, we support owners through these early stages every day. Whether you are exploring employee...
