Collectivist and generative leadership in Employee Ownership Trusts are essential to building an ownership culture that matches the promise of employee ownership. While the legal structure of an EOT matters, the long-term success of the trust depends on how leaders...
If you are a Canadian business owner exploring employee ownership, you have likely encountered two acronyms: EOT and ESOP. Both are legitimate paths to employee ownership. Both allow your team to share in what they have helped build. But they work differently, suit...
The most common question business owners ask when they first hear about Employee Ownership Trusts is: “If my employees are not paying for the business, where does the money come from?” It is a fair question. In every other type of business sale — a sale to...
A Management Buyout (MBO) can be one of the most effective and values-aligned succession planning strategies for business owners. However, without careful planning and communication, a management buyout transition can quickly create tension between owners and...
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...
