ESOP (Employee Share 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...
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...
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...
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...
I have a four-year-old daughter. She is lovely—and bossy. I recently read that by the age of five, girls are taught that it is not “ladylike” to be bossy. As the mother of a strong-willed four-year-old, I catch myself thinking, “Do not be so bossy.” And...
I stood on the side of a hill in the Andes at 3,700 meters altitude. A gentle rain was falling, thunder rumbled in the distance. Nearby, small homes stood—homes without running water or electricity, without the comforts I take for granted in my Ottawa home. I was...
