Owners at Work

Based on a recent webinar this episode includes a conversation with two financial experts, Eric Zaleski and Sean Kelleher, who talk about where we are now, and how to successfully get to the other side. We cover general market conditions; the lending and finance markets for privately held companies; managing cash flow and debt load (and staying solvent); managing your SBA loan to ensure compliance; and how to position your employee-owned company to not only survive but thrive moving forward.

WE WANT TO HEAR FROM YOU!!! Contact us at [email protected]

Sean Kelleher of First Financial Bank: https://www.linkedin.com/in/sean-kelleher-bb65a83

Eric Zaleski of PCE: https://www.pcecompanies.com/staff-member/eric-zaleski

The sale of a private business to an ESOP can seem like a very different beast than a typical business transaction. There are, of course, components of a sale to an ESOP that you won’t find in a third-party sale or a family transfer, but there also similarities. For this episode we talk with attorney Avery Chenin of SES ESOP Strategies on outlining, and demystifying, a sale to an ESOP. We discuss the process of selling a business to employees using an ESOP; what steps need to be taken; what professionals need to be involved; how long the process may take; and the financial benefits of an ESOP transaction for the owner, the business, and employees. There are two parts to the episode, the first is an outline of the process, and the second is an update  takes into account the current economic situation and how this impacts a sale to an ESOP

***Please reach out to us with your employee ownership story by emailing [email protected]***

Avery Chenin: https://sesesop.com/team_member/avery-chenin/

For this episode we , we talk to IntrustIT CEO (and selling owner) Tim Rettig, a new ESOP company in the Cincinnati area. Tim talks about why he chose to sell his business to the employees, and the impact the decision has had on the company; the benefits of open-book management; how the company is faring in the current crisis; and his plans to be a one-man employee ownership venture capitalist.

***If you have story you want to share please contact us!!!***

OEOC: [email protected]

Chris Cooper: [email protected] 

Michael Palmieri: [email protected] 

For this episode we head out to California and check in with Corey Rosen, Founder of the National Center of Employee Ownership (NCEO) located in the Bay Area; and Kim Blaugher, who recently became the Executive Director of the Beyster Institute at UC San Diego. Our conversation with Corey Rosen begins with the impact of the current crisis on the operations of the NCEO, how the crisis is effecting the employee-owned companies he is talking to regularly, and his thoughts on the state of the employee-owned sector now, and in the future. Our talk with Kim Blaugher of the Beyster Institute was recorded a bit earlier and more at the front end of the crisis, but we also had a chance to get his thoughts on the future of the employee-owned sector, how he came to, and what's in store for, the Beyster Institute.

**CONTACT US**

We want to hear from you! Send an email to [email protected]

**PLEASE DONATE TO THE OEOC**

We make this show available for free, but it is not free to produce. Make a donation to the OEOC at: https://secure2.convio.net/ksu/site/Donation2;jsessionid=00000000.app20067a?2440.donation=form1&df_id=2440&NONCE_TOKEN=03B3341720750D9CE1DF51DF982D0B1F

LINKS 

NCEO 2020 Conference: https://annualconference.nceo.org/

Beyster Institute Programming: https://rady.ucsd.edu/centers/beyster/

OEOC Free COVID-19 Resources: https://www.oeockent.org/rapid-response-resources

With the outbreak of the COVID-19 epidemic, good strategies for building culture and facilitating communication are more important than ever. Whether it is social distancing, remote workplaces, or the stress and uncertainty that comes with an unknown future. 

In this episode we connect with Jim Bado and Cathy Ivancic of Workplace Development. First up, Jim Bado in a postscript to a free webinar on maintaining  your ownership culture in tough times (see link below), discusses strategies for communicating and building culture among social distancing employee-owners. Next up, Cathy Ivanci provides insight on communication strategies for your employee-owned company, including how to talk about good and bad news, structuring your communication committee, and more. 

Free webinar with Jim Bado: https://attendee.gotowebinar.com/recording/50118344814350859

OEOC Rapid Response Resources: www.oeockent.org/rapid-response-resources

*****Special Thanks to our Gold Sponsors***** 

Apple Growth Partners

Crowe 

Prairie Capital Advisors

PCE Investment Bankers

In this episode we discuss two aspects of leadership. First, we talk with Tim Jamison and Tom DeSimone of Prairie Capital Advisors on planning for leadership succession in your employee owned company, we discuss processes, procedures, and best practices. In the second half we talk with Jeff Evans former CEO of The Will-Burt Company, an employee-owned company in Orrville, OH. Jeff discusses hist perspective on what makes for effective leadership in an employee-owned company. 

The Will-Burt Company: https://www.willburt.com/ 

Jeff Evans: https://www.linkedin.com/in/jeff-evans-4739a31

Tim Jamison: https://www.prairiecap.com/team/timothy-jamison-cpa

Tom DeSimone: https://www.prairiecap.com/team/tom-desimone-cpa

OEOC webinars: https://www.oeockent.org/ohios-eo-network/network-webinars

There are a lot of things that create value in an employee-owned company. Some of those things are bottom line related: sales, customer satisfaction, repurchase obligations, or external market pressures within or across industries. But, when we begin to talk about what motivates employees to think, act and feel like owners we move to the area of values. As you might expect, the two are closely related. In this episode we take on both ideas and try to show that while each is important in its own right, when connected in a thoughtful way, value and values can have positive benefits for your company's bottom line and culture of ownership.

***We want this show to cover issues that are important to you. If you have an idea for a topic or a story or experience with employee ownership you would like to share please email [email protected]***

Matthew Silla https://www.applegrowth.com/people/matthew-j-silla/

Eric Flinkinger: https://www.applegrowth.com/people/eric-flickinger/

Apple Growth Partners Podcast Slice: https://www.applegrowth.com/category/agp-podcast-sliced/

----

Matthew Hancock: https://praxiscg.com/about-us/our-people/

In this episode we introduce the Ohio Employee Ownership Center's new podcast Owners at Work, which aims to talk about everything and anything dealing with employee-ownership. 

We hope to make the podcast about the issues important to you, your company, or organization. 

***If you have a topic you would like to hear about, or a story or experience you would like to share please contact us at [email protected]***