The Journey to an ESOP-logo

The Journey to an ESOP

Business & Economics Podcasts

The podcast covers information that is helpful for business owners and managers contemplating an ESOP as a growth, succession and/or exit plan. It anticipates the questions that will be asked in episodes that simplify the process so that the listener can better understand the path to an ESOP and whether or not they wish to pursue it.

The podcast covers information that is helpful for business owners and managers contemplating an ESOP as a growth, succession and/or exit plan. It anticipates the questions that will be asked in episodes that simplify the process so that the listener can better understand the path to an ESOP and whether or not they wish to pursue it.

Location:

United States

Description:

The podcast covers information that is helpful for business owners and managers contemplating an ESOP as a growth, succession and/or exit plan. It anticipates the questions that will be asked in episodes that simplify the process so that the listener can better understand the path to an ESOP and whether or not they wish to pursue it.

Language:

English


Episodes

EP20 - Considerations for Post-ESOP discussion with Katie Hardin - ESOP accounting/benefits expert with Berman Hopkins.

7/6/2022
On this episode - Katie Hardin and I discuss compliance requirements of brand new ESOPs to help you before you get to closing including booking the ESOP entry, working through the set up of the inside loan, issues that arise with the board of directors and other various areas.

Duration:00:41:52

EP19 - Cruella DeVil Part 1 - Making the Best Presentation for your ESOP - special feature guest "The English ESOP Guy"

6/28/2022
This episode is going to focus on preparing for the Confidential Information Memorandum or CIM - this is the presentation that will provide a thorough overview of the industry and company information to prepare for negotiations of your ESOP.

Duration:00:21:27

EP18 - ESOPs for General Contractors - real life ESOP transaction experience with Joe Hurt, President of RLH Construction

6/15/2022
This episode is truly valuable for companies thinking about an ESOP - as it helps to walk out the ESOP process in a real life experience. It is especially helpful for general contractors and to go through a Joe Hurt's journey to an ESOP!

Duration:00:44:51

EP17 - FREE Guy meets the ESOP Guy - Recession proofing your business

6/4/2022
In this episode we relate the recent movie Free Guy with dealing in reality of a recession and work through some ideas that might make sense for the possibility of an economic recession. For companies going through an ESOP - a sustainable ESOP company has to be prepared for good and bad economic times.

Duration:00:38:04

EP16 - Galaxy Vets - a unique roll up model using ESOP with Emmitt Nantz, COO

5/24/2022
This episode is unique as we evaluate a start up company that is planning to roll up veterinary practices all over the United States using an ESOP strategy. Galaxy Vets has identified a strategic way to leverage the benefits of an ESOP and combine the value of creating a larger holding company structure.

Duration:00:40:32

EP15 - Dead Poet Society - the critical value of Fostering Creativity in your Company on your journey to an ESOP

5/17/2022
One of the skill sets that has increasingly become more valuable in the talent that we recruit, retain and motivate within an ESOP culture is creativity. This podcast delves into the importance of creativity and innovativeness in the workplace as a sought after skill set and as something that should be cultivated in your organization as it makes a significant difference in the value of your business, sustainability of the ESOP and the success of your succession planning.

Duration:00:39:33

EP14 - ESOPs as solutions for Government Contractors with expert Hobie Frady with Warren Averett from Huntsville, AL with discussion on the new SBA ruling for 100 percent ESOPs

5/10/2022
On this episode I interview Hobie Frady - Government Contractor expert and practice leader Warren Averett (CPA firm for government contractors). Hobie and I delve into how ESOPs really are a very popular solution for government contractors both on a partial sale and a 100 percent sale. In 2021 there was new legislation passed for government contractors that allows a 100 percent ESOP to have preferential treatment for existing contracts. Hobie does a great job of explaining the lay of the...

Duration:00:44:13

EP13 - Young Frankenstein - The Science of Business Valuation for ESOPs (part 4)

5/3/2022
This episode will conclude our discussion on business valuation reviewing the discounted cash flow model, required working capital and transaction value to determine the best estimate for your ESOP valuation. The 4 part series was intended to go into the details that will help you identify questions to ask your advisor.

Duration:00:32:54

EP12 - Underwriting the ESOP loan with Doug Dell from KeyBank

4/22/2022
This episode features experienced ESOP lender Douglas Dell with KeyBank out of Colorado. Doug offers insight into this extremely important step in the ESOP process to help answer the question: "How am I going to get my money out of this ESOP deal?"

Duration:00:43:19

EP11 - Young Frankenstein - The Science of Business Valuation for ESOPs (part 3)

4/11/2022
This is part 3 of a multi-part series on business valuation modeling as it relates to ESOPs. This episode provides a good overview of the first step in creating the discounted cash flow model of valuation beginning with forecasting and working through a process of completing the forecast.

Duration:00:37:43

EP10 - Fiduciary Insurance for ESOPs - discussion with Jeff Gelburd with Murray Insurance

3/31/2022
This episode is dedicated to better understanding insurance for ESOPs. Jeff Gelburd with Murray Insurance is a pioneer in getting insurance policies to mitigate fiduciary risk set up way back when things were just getting started in ESOPs. He explains the bundling of Fiduciary, DNO and Employee Liability as well as the trends for insurance relative to transaction trustees for ESOPs.

Duration:00:44:03

EP9 - Young Frankenstein - The Science of Business Valuation for ESOPs (part 2)

3/21/2022
This is part 2 of a multi part series in business valuations as they relate to ESOPs. This episode covers understanding cash flow and capitalization rate composition and structure and illustrates how very little is relying on the valuation analysts subjective judgement of the financial information and risk data on the subject company.

Duration:00:36:21

EP8 - Jim Bado - Workplace Development - Creating ownership thinking in your ESOP

3/14/2022
This episode is located here and on you tube...we cover how to maximize the benefit of the ESOP to your company - a critical aspect of leveraging an ESOP through building a strong ownership thinking culture to get your people to understand how all of the pieces of the puzzle work! Jim's group has a unique and specific areas of expertise that they focus on exclusively with ESOP companies!

Duration:00:39:13

EP7 - Young Frankenstein - The Science of Business Valuation For ESOPs (part 1)

3/4/2022
This episode explores the science of business valuation for ESOPs to answer the question relative to is my ESOP valuation for planning purposes accurate and what questions should I be asking my advisors in the planning steps in your journey to an esop. This is part 1 that goes through the importance of business valuation and distinctly points out definitionally valuation concepts that are important to understand so that we can then build on the details for part 2 coming soon!

Duration:00:29:43

EP6 - ESOPs from Down Under (Australia) - International Interview with Succession Advisor - Craig West CPA on Psychology of Selling to an ESOP.

2/25/2022
This is the first ever ESOP Guy interview internationally from as far away as we can get from the U.S. - "way down under mate" in Australia with Succession Plus advisor Craig West, CPA - who has built his practice off of research from his own doctoral study in ESOPs. There are some fascinating similarities between ESOPs in the U.S. and Australia as well as some very interesting differences.

Duration:00:38:44

EP5 - "The Boss" - transitioning the CEO role in preparation of your ESOP

2/20/2022
In this episode - we cover the very important topic of management transition in your succession plan as it relates to your journey to an esop. One of the most difficult and significant transitions is going to be the key position of CEO. We cover why this is so important and some suggestions as to how to go about it.

Duration:00:39:07

EP4 - Seller Fiduciary Risk for ESOPs - discussion with Greg Daugherty

2/11/2022
This episode opens up a topic that I think is easily confused - just what does the seller take on in Fiduciary risk in doing an ESOP transaction. Greg always does a great job - this is his third time on the podcast and provides a wealth of knowledge as a resource to our listeners. He leverages information from the Vinosky esop case which provides a good reference in better understanding selling shareholders fiduciary risk and reliance upon ESOP professionals.

Duration:00:44:01

EP3 - The tale of two ESOPs

2/4/2022
This episode compares and contrasts two actual ESOP deals that we worked on at the end of 2021. The take-aways will hopefully help you in asking questions of your advisors if you are on a journey to an esop or will start one soon!

Duration:00:29:51

EP 2 - ESOPs for Healthcare entities - discussion with SCJ Fiduciary Services

1/28/2022
This episode includes a discussion with Steve James and Heather Driscoll of SCJ Fiduciary Services. Steve is credited with doing the first Dental practice in the U.S. They do a great job explain how ESOPs are perfectly suited for all kinds of healthcare companies including physical therapy, autism centers, hospitals, etc....they outline some of the challenges but all together healthcare companies make great ESOPs

Duration:00:42:40

EP1 - (Season 3) Life of Pi - 2021 Year in Review

1/19/2022
Happy new year everyone! This episode highlights my favorite episodes of ESOP podcasts for a quick review of some interesting topics including: ESOPs as roll ups; ESOPs for contractors; ESOP politics; ESOP boards adding value; and ESOP culture to name a few that we discuss.

Duration:00:33:44