Alternative Exit #27 | From Awareness to Action: Scaling EO Through Tech and Trust

Alternative Exit

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اضافه شده در forty-four هفته پیش

محتوای ارائه شده توسط Andy. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Andy یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal

NerdWallet's Smart Money Podcast

1
Estate Planning Made Simple and How to Handle Family Loans 32:09

۴ weeks پیش32:09

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پسندیدن

دوست داشته شد

32:09

Learn how to build a simple estate plan and lend or repay family money without hurting your relationships. What’s the first thing to do when creating an estate plan? What’s the smartest way to handle loans between friends or family? Hosts Sean Pyles and Elizabeth Ayoola break down estate-planning basics like wills, revocable trusts, living wills/advance healthcare directives, and durable powers of attorney — tools that can ensure your wishes are carried out and help your loved ones avoid probate. They also share when to update your documents, how beneficiary designations can override your will, and three simple to-dos to get started without feeling overwhelmed. Then, mortgage and student loans writer Kate Wood joins Sean and Elizabeth to answer a listener’s question about paying a loan back to her parents. They explore how family loans and lending circles work, why it’s important to put agreements in writing (and when notarizing helps), and the impact informal loans can have on your credit. They also weigh different ways to set money aside, comparing high-yield savings accounts with taxable brokerage accounts invested in ETFs and considering timelines, growth potential, and tax trade-offs. Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header In their conversation, the Nerds discuss: estate planning, will vs trust, revocable trust, living will, durable power of attorney, healthcare proxy, advance healthcare directive, probate explained, beneficiary designation vs will, update beneficiaries after marriage, how often to update a will, intestate meaning, avoid probate, family loan agreement, lend money to family safely, informal lending, lending circle, saving circle, notarized loan contract, pros and cons of family loans, protect relationships when lending money, credit score and informal loans, high-yield savings accounts, taxable brokerage accounts, ETF basics for beginners, repaying parents for college, fiduciary roles in estate planning, power dynamics of lending to friends, writing a repayment schedule, when to use a trust for minors, and retitling assets into a trust. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com . Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices…

حدود یک سال پیش 40:13

MP3•خانه قسمت

How Sonali's work with Kiva and small business consulting led her to discover employee ownership
The founding story of Zolidar and its mission to scale EO through smart tech tools
A breakdown of Zolidar’s tools: Day Zero Guide, AHA Planner, and ZolidAI support bot
How Zolidar helps owners navigate valuations, exit scenarios, and financing options
Why advisors benefit from owners who arrive EO-ready with clear questions and data
The importance of storytelling, decision support, and community building in EO adoption
What’s next: supporting post-transaction businesses and building advisor/owner matching tools

About Sonali Kothari:
Sonali is the co-founder and CPO/COO of Zolidar. She previously served as COO of Kiva and held leadership roles at Jobs for the Future. With a career focused on equitable economic solutions, Sonali is committed to using technology to unlock inclusive, employee-owned futures.
Connect with Sonali & Zolidar:
Website: www.zolidar.com
LinkedIn: Sonali Kothari
Email: sonali@zolidar.com
Connect with Andy Farquharson:
LinkedIn - https://www.linkedin.com/in/andyfarquharson/
Instagram - https://www.instagram.com/andyfarq
Website - https://abettermonday.me/
Email - andy@bettermonday.me

42 قسمت

#Entrepreneur #Business #Andy #Employee Ownership #Employee Owner #Owner Economy #Esop #Succession #Succession Planning #Retirement

Alternative Exit

Alternative Exit #27 | From Awareness to Action: Scaling EO Through Tech and Trust

Alternative Exit

published حدود یک سال پیش

اشتراک گذاری

MP3•خانه قسمت

How Sonali's work with Kiva and small business consulting led her to discover employee ownership
The founding story of Zolidar and its mission to scale EO through smart tech tools
A breakdown of Zolidar’s tools: Day Zero Guide, AHA Planner, and ZolidAI support bot
How Zolidar helps owners navigate valuations, exit scenarios, and financing options
Why advisors benefit from owners who arrive EO-ready with clear questions and data
The importance of storytelling, decision support, and community building in EO adoption
What’s next: supporting post-transaction businesses and building advisor/owner matching tools

42 قسمت

#Entrepreneur #Business #Andy #Employee Ownership #Employee Owner #Owner Economy #Esop #Succession #Succession Planning #Retirement

همه قسمت ها

Alternative Exit

1
Alternative Exit #39 | The Power of EOTs: Creating 3,500 Employee Owners with Christian Wilson 42:39

۷ روز پیش42:39

42:39

What does it really take to transition a business to employee ownership—and what happens after you sign on the dotted line? In this episode, I sit down with Christian Wilson, a specialist solicitor with over 25 years of experience in business law and employee ownership. Christian has helped more than 62 companies transition to Employee Ownership Trusts (EOTs), creating 3,500 employee owners across businesses valued at over £450 million. He shares the legal, emotional, and practical realities of making employee ownership work. Timestamps: 00:01:12 Christian's Journey into Employee Ownership Law 00:04:36 What Makes a Company Right for an EOT 00:08:12 The Three Parts of an EOT Transition 00:12:29 Valuation, Affordability, and the Retirement Conversation 00:19:13 Life After Completion: The Real Work Begins 00:23:23 Why Open Book Management Matters 00:27:07 Giving Employees a Voice and Influence 00:34:23 Success Stories: Real Examples from EOT Companies 00:38:58 Quickfire Round: Leaders, Resources, and Advice Key Takeaways: Employee ownership transitions involve three journeys: legal structure, personal succession for the owner, and cultural evolution for the team Valuation and affordability are different—the company funds the purchase through future profits over 6-10 years typically The day you complete the EOT is day one of being employee owned, not the finish line Open book management unlocks entrepreneurial thinking and helps employees understand business trade-offs Employee voice must be matched with responsive leadership—ask for feedback, then show how you've considered it Well-structured EOTs include flexibility for market changes and unexpected challenges About Christian Wilson: Christian Wilson is a Partner Solicitor at Spencer West LLP, specializing in Employee Ownership Trusts and business succession. With over 25 years of experience, he has guided more than 62 companies through successful transitions to employee ownership, creating 3,500 employee owners with a combined business value exceeding £450 million. Christian is ranked as a Leading Individual in Legal 500 and a Notable Practitioner in Chambers Guide to the Legal Profession. He is also a member of the Employee Ownership Association, an independent trustee for several EOTs, and was previously a non-executive director of the Eden Project. Christian is known for his genuine passion for employee ownership and his ability to make complex legal processes accessible and seamless. Connect with Christian Wilson: Website: https://employee-ownership-trusts.co.uk Spencer West Profile: https://www.spencer-west.com/team/christian-wilson/ LinkedIn: https://www.linkedin.com/in/christian-wilson-a3597017/ Email: christian.wilson@spencer-west.com Connect with Andy Farquharson: LinkedIn - https://linkedin.com/in/andyfarquharson/ Instagram - https://instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #38 | Karen McGuire's Succession: A Deep Dive Into Employee Ownership in Northern Ireland 53:02

14 روز پیش53:02

53:02

What happens when personal loss becomes the catalyst for transformative business change? In this episode, I sit down with Karen McGuire, founder of Relinea, a successful GRP manufacturing company in Northern Ireland that transitioned to employee ownership in 2022. Karen shares her deeply personal journey from building a business over 17 years to making the brave decision to hand it over to her employees after her father's death changed everything. Her story reveals how employee ownership became not just an exit strategy, but a powerful way to preserve culture, protect jobs, and strengthen communities. We explore the remarkable transformation that followed her transition - from initial employee confusion to unprecedented productivity gains, from suggestion boxes full of requests for four-day work weeks to business cases for trolleys that improve efficiency. Karen unpacks the practical realities of implementing Employee Ownership Trusts, the cultural shifts that drive real results, and why she's now leading Employee Ownership Ireland's mission to create 10,000 employee-owners by 2029. This conversation is packed with honest insights for any founder considering alternative exits and reveals why employee ownership is becoming the succession strategy of choice in Northern Ireland. Timestamps: 02:25 Building Relinea and Personal Circumstances That Changed Everything 06:11 Discovering Employee Ownership and Making the Decision 07:43 Telling Employees About the Transition - Reality vs. Expectations 09:13 The Importance of Management Structure in Employee Ownership 11:38 Three Years Later - Performance and Culture Transformation 21:21 Education and Communication Strategies for Employee Ownership 39:15 Employee Ownership Ireland - Building the Movement 43:47 The Future of Employee Ownership in Northern Ireland 47:42 Quick Fire Questions Key Takeaways: How personal loss can redirect business priorities and reveal what truly matters beyond profit Why M&A meetings left Karen feeling "dirty" while employee ownership aligned with her values The reality gap between owner excitement and initial employee confusion about ownership transition The role of succession planning pressures in driving interest in alternative exit strategies Why Employee Ownership Ireland aims to prevent any business sale without EO being "on the table" About Karen McGuire: Karen McGuire is the founder of Relinea, a specialist manufacturer of GRP (Glass Reinforced Plastic) structural products based in Crumlin, Northern Ireland. She built the company from 2005 into one of the leading suppliers across the UK and Ireland before transitioning it to 100% employee ownership in 2022. Karen now serves as Chair of Employee Ownership Ireland, a business alliance working to create 10,000 employee-owners in Northern Ireland by 2029. She's recognized for her advocacy of employee ownership as a succession model that preserves business culture and strengthens local communities. Connect with Karen McGuire: Website: https://www.relinea.com LinkedIn: https://www.linkedin.com/in/karen-maguire-581b9698/ Employee Ownership Ireland: https://employeeownershipireland.com Connect with Andy Farquharson: LinkedIn - https://linkedin.com/in/andyfarquharson/ Instagram - https://instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #37 | Redesigning Capitalism : How Share Tribe Built A Purpose-First Company 44:49

21 روز پیش44:49

44:49

What happens when a tech startup realizes that traditional venture capital doesn't align with its mission to democratize platform ownership? In this episode, I sit down with Juho Makkonen, co-founder and CEO of Sharetribe, a Finnish marketplace-building platform that made the bold transition from venture-backed startup to steward-owned company in 2018. Juho shares how a chance encounter at a post-Burning Man event sparked a structural revolution that would preserve Sharetribe's independence and purpose for generations. We explore the practical realities of steward ownership - from negotiating with skeptical investors to creating a governance structure where 19 employees now hold equal voting power. Juho opens up about the unexpected challenges of democratizing decision-making, the financial mechanics of capped returns, and how this alternative ownership model became a competitive advantage in hiring purpose-driven talent. This conversation reveals what it truly means to put mission before profit and the tangible steps any founder can take to protect their company's values in its legal DNA. Timestamps: 00:00 Introduction and Guest Overview 01:50 What is Steward Ownership? 03:16 Sharetribe's Origin Story and Early Mission 10:17 The Accidental Discovery of Steward Ownership 12:50 Difficult Conversations with Venture Investors 16:40 The Purpose That Drives Democratized Platform Ownership 19:22 The Financial Structure: Capped Returns and Share Classes 24:21 Self-Governance and Democratic Decision-Making 31:18 Profit Distribution and Employee Equity 36:05 Taking Employees on the Ownership Journey 38:17 Low Attrition and Cultural Alignment 40:06 Quick Fire Questions Key Takeaways: Steward ownership combines two core principles: purpose over profit and self-governance by people connected to the company's mission The transition began when Sharetribe realized they couldn't credibly advocate for platform democratization while being venture-backed Investors were initially resistant but agreed to a buyout structure when shown it wasn't the company's "golden ticket" opportunity The financial model uses different share classes - voting shares for employees (no economic rights) and investor shares (no voting power, capped 5x returns) The structure serves as a powerful hiring filter, attracting mission-aligned talent while deterring profit-only motivated candidates Employee tenure averages 8+ years with minimal voluntary turnover, demonstrating strong cultural alignment About Juho Makkonen: Juho Makkonen is the co-founder and CEO of Sharetribe, a Finnish marketplace platform that enables anyone to build their own online marketplace. Under his leadership, Sharetribe transitioned from a traditional venture-backed startup to a pioneering steward-owned company in 2018. The company is now owned by 22 team members and funded by its customers - over 1,000 marketplace founders from 70+ countries. Juho is passionate about democratizing platform ownership and creating alternatives to extractive business models. Connect with Juho: Website: www.sharetribe.com Blog: www.sharetribe.com/balanced LinkedIn: https://linkedin.com/in/juhomakkonen Connect with Andy Farquharson: LinkedIn - https://linkedin.com/in/andyfarquharson/ Instagram - https://instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #36 | Building Legacy Through Employee Ownership: A Conversation with Robert Postlethwaite 39:21

28 روز پیش39:21

39:21

What drives a successful corporate lawyer to abandon the mainstream legal world and dedicate their career to democratizing business ownership? In this episode, I sit down with Robert Postlethwaite, partner and managing director of Postlethwaite Solicitors and author of The Employee Ownership Manual. Robert shares his transformation from traditional M&A lawyer to becoming one of the UK's most prominent experts in employee ownership trusts, having guided over 200 companies through the transition to employee ownership. We explore Robert's idealistic twenties decision to seek "a better way of organizing business," his move from Bristol to Leeds to learn from the only other employee ownership specialist in the country, and how environmental concerns shaped his early vision for shared ownership. From the technical challenges of structuring EOTs to the often-overlooked people side of transitions, Robert offers candid insights on what works, what doesn't, and why some businesses simply aren't ready for employee ownership. He also reveals the biggest challenge his own firm faced after becoming employee-owned: leadership succession. Timestamps: 00:00 Introduction and Guest Overview 01:14 Robert's Background and Journey into Employee Ownership 03:52 Early Employee Ownership Models in the UK 05:02 The Decision to Leave Corporate Law 07:01 Building Collaborative Advisor Networks 08:24 Evolution of EOT Adoption from Evangelical to Pragmatic 11:02 The Role of Tax Incentives vs. Cultural Commitment 12:46 200+ Transactions: Common Owner Motivations 14:08 Transitioning Postlethwaite to Employee Ownership 35:59 When Employee Ownership Isn't the Right Fit Key Takeaways: • Robert's journey from corporate lawyer to EO specialist was driven by wanting "a better way of organizing business" and environmental concerns • The technical legal aspects are often the "easy bit" - the people side of letting go and leadership succession are the real challenges • Democratic decision-making requires intentional culture change and empowering non-lawyer staff in business decisions • Environmental impact was an early idealistic goal, with some positive examples emerging in sectors like architecture • Employee ownership isn't right for businesses with fundamental trust issues between leadership and staff About Robert Postlethwaite: Robert is the founder and managing director of Postlethwaite Solicitors, a 100% employee-owned legal practice specializing in employee ownership and share schemes. A graduate in law from the University of Bristol, Robert was a partner in a national firm of corporate lawyers before founding Postlethwaite in 2003. He has been a Band 1 Ranked Lawyer for fifteen years in his field by the legal rankings guide Chambers and Partners. Robert is the author of The Employee Ownership Manual and has guided over 200 companies through EOT transitions. Connect with Robert Postlethwaite: Website: https://postlethwaiteco.com LinkedIn: https://linkedin.com/in/robertpostlethwaite Book: The Employee Ownership Manual (Second Edition) Connect with Andy Farquharson: LinkedIn - https://linkedin.com/in/andyfarquharson/ Instagram - https://instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #35 | From 15 to 340: How Scotland Built a Global EO Powerhouse 42:37

۵ weeks پیش42:37

42:37

How do you transform an entire country's approach to business succession? In this episode, I sit down with Glen Dott, a specialist advisor in employee ownership at Cooperative Development Scotland, part of Scottish Enterprise. Glen shares the remarkable story of how Scotland went from having just 15 employee-owned businesses to over 340 in less than a decade, making it a global leader in the EO movement. We explore the pivotal role of the Nuttall Review in 2014, the psychology behind why business owners choose employee ownership over traditional exits, and the practical challenges of financing EO deals. From his farming background that sparked his interest in cooperatives to his front-row seat watching Scotland's EO revolution unfold, Glen provides unique insights into what makes successful transitions work and how government support can catalyze grassroots movements. Timestamps: 00:00 Introduction and Guest Overview 01:11 Glen's Journey to Employee Ownership 02:29 Owner Motivations Beyond Money 03:43 From Farming to Scottish Enterprise 05:20 Glen's Role in EO Advisory 07:25 The Dramatic Growth in EO Awareness 09:39 Consistent Lead Flow and Market Maturity 11:04 Tax Benefits Driving Uptake 12:18 Financing EO Deals - The Reality 20:47 What Makes Successful EO Transitions 25:23 Professional Management vs Entrepreneurial Founders 27:42 The Kemco International Success Story 30:33 Entrepreneurial Orientation in EO Businesses 33:19 Scottish Government Goals and Results 35:19 Accelerating EO Growth - Lessons from Northern Ireland 38:07 Quick Fire Questions 41:51 Where to Connect with Glen Key Takeaways: Why most EO-bound owners have motivations beyond money and want businesses to remain local and intact How Scotland's EO sector exploded from 15 to 340+ businesses, with 60% being Scottish-headquartered Why most EO deals are financed through deferred consideration over 5-10 years rather than bank lending How strong company culture and democratic decision-making are prerequisites for successful EO transitions Why "Freedom Day" (debt payoff) psychology matters for employee motivation during transition periods How Northern Ireland's grassroots, privately-funded approach is accelerating EO growth faster than top-down models About Glen Dott: Glen is a specialist advisor in employee ownership at Cooperative Development Scotland, a unit within Scottish Enterprise. With a farming background that gave him early exposure to cooperative models, Glen has been instrumental in Scotland's remarkable EO growth story. He manages lead flow for potential EO transitions, supports feasibility studies, and has helped develop Scotland into one of the world's leading EO regions through practical support, market building, and policy development. Connect with Glen: LinkedIn: https://linkedin.com/in/glen-dott-512b141a/?originalSubdomain=uk Website: https://scottish-enterprise.com/ Connect with Andy Farquharson: LinkedIn - https://linkedin.com/in/andyfarquharson/ Instagram - https://instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #34 | The Future of Employee Ownership and Financial Wellness | John Hoffmire 42:45

۶ weeks پیش42:45

42:45

What happens when a 9-year-old's sense of justice grows into a $2.2 billion investment banking career dedicated to employee ownership? In this episode, I sit down with John Hoffmire, research associate at Oxford's Center for Mutual and Co-owned Business and founder of an investment banking firm that facilitated massive ESOP transactions. John shares his unconventional journey from working with displaced farm workers in California to becoming a leading voice in employee ownership finance, revealing why he chose the challenging path of making employee ownership deals bankable. We explore the financial realities behind employee ownership transitions, from the struggle to raise capital for EO-focused funds to the critical role of "bankable" CEOs in deal success. John opens up about the contradictions of working in high finance while staying true to his mission of economic justice, and introduces a revolutionary concept for expanding employee ownership globally through nonprofit surplus-sharing models. This conversation is packed with hard-won insights for anyone curious about the financial mechanics that make alternative exits possible. Timestamps: 00:00 Introduction and Guest Overview 01:51 Early Career Path to Employee Ownership 02:10 From California Farm Workers to Finance 05:03 Why John Considers Himself "Lucky" 06:53 From Bain & Company to Investment Banking 08:01 The Discomfort of Corporate Contradictions 09:48 The 9-Year-Old's Revelation About Poverty 11:25 Why Investment Banking for Employee Ownership 20:55 Employee Ownership in Countries Without Tax Support 24:01 Nonprofit Surplus-Sharing as EO Alternative 28:28 The Dignity Principle in Employee Ownership 33:36 Transition from Practitioner to Academic 37:08 Policy Advice: Start with One Case Study 39:53 Quick-Fire Questions 41:37 Contact Information and Wrap-Up Key Takeaways: How childhood experiences with poverty and injustice can shape a lifetime career in economic democracy The fundamental challenge of raising capital for employee ownership funds when you're giving away majority control Why "bankable" leadership matters more than perfect financial structures in EO transitions The critical importance of dignity as a first principle in employee ownership design Why starting with one successful case study beats creating perfect policy frameworks The role of community organizers in building sustainable employee ownership ecosystems How going public became an alternative solution when private fundraising failed About John Hoffmire: John Hoffmire is a research associate at the University of Oxford Center for Mutual and Co-owned Business and director of the Center on Business and Poverty. He holds a PhD from Stanford and co-hosts the annual Oxford Symposium on Employee Ownership. John founded an investment banking firm that facilitated approximately $2.2 billion in ESOP transactions and has dedicated his career to promoting inclusive economic development through innovative financial structures and employee ownership. Connect with John: Website: cobap.org Linkedin: https://uk.linkedin.com/in/john-hoffmire-5999621 Connect with Andy Farquharson: LinkedIn - https://linkedin.com/in/andyfarquharson/ Instagram - https://instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #33 | Employee Ownership vs. Traditional Capitalism: Insights from Ian Hiscock 44:21

۷ weeks پیش44:21

44:21

What happens when you flip the traditional business pyramid upside down? In this episode, I sit down with Ian Hiscock, founder of IHC Limited and a seasoned voice in the UK employee ownership sector. After 30 years at the iconic John Lewis Partnership, Ian now helps companies navigate the complex transition to employee ownership as an independent trustee and advisor. He shares the psychological shifts, leadership challenges, and cultural transformations that make employee ownership work—or fail. We explore the fundamental mindset changes required from both leaders and employees when transitioning to shared ownership. Ian unpacks his "Four Cs" framework for successful employee engagement, discusses why employee ownership is actually the "purest form of capitalism," and reveals why the transition can be harder for leaders than employees. From managing through tough times to creating psychological safety, this conversation is packed with practical insights for any founder considering an alternative exit strategy. Timestamps: 00:00 Introduction and Guest Overview 01:18 Ian's Journey at John Lewis Partnership 03:39 Understanding the Philosophy Behind Employee Ownership 06:31 Balancing Commercial Success with Employee Benefits 11:49 Protecting Business Independence Through EO 12:59 The Psychological Contract in Employee Ownership 15:23 Inverting the Leadership Pyramid 18:48 The Four Cs: Clarity, Context, Consistency, Contribution 22:25 Creating Psychological Safety for Employee Voice 24:58 Who Struggles More: Leaders or Employees? 29:46 Employee Ownership During Tough Times 34:18 The Twin Tracks: Culture and Financial Reward 36:16 Quick Fire Questions: Leadership Inspirations 41:28 Advice for Business Owners on the Fence 43:06 How to Connect with Ian Key Takeaways: Leaders must psychologically shift to serving daily colleagues who now own the business The "Four Cs" framework: Clarity, Context, Consistency, and Contribution Employee ownership is pure capitalism—spreading ownership benefits, not rejecting commercial success Leaders often struggle more than employees due to emotional obligations to colleagues Psychological safety must exist organization-wide, not just in specific voice sessions Two tracks required: developing ownership culture while ensuring financial rewards About Ian Hiscock: Ian Hiscock is the founder of IHC Limited and a leading voice in the UK employee ownership sector. After spending 30 years at the John Lewis Partnership, including roles as an employee trustee and chair of democratically elected bodies, Ian now serves as an independent trustee on multiple Employee Ownership Trusts. He helps businesses transition their governance, culture, and trust structures toward employee ownership, drawing on deep experience in both the philosophical foundations and practical realities of shared ownership models. Connect with Ian: LinkedIn: https://linkedin.com/in/ian-hiscock-926437137/ Website: https://ihclimited.co.uk Connect with Andy Farquharson: LinkedIn - https://linkedin.com/in/andyfarquharson/ Instagram - https://instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Oxford Symposium on Employee Ownership Series - Day 3 7:57

۸ weeks پیش7:57

7:57

Host Andy Farquharson closes out Day 3 of the Oxford Symposium on Employee Ownership with quick hits from the field. From the human side of ownership and employee wellbeing, to governance trade-offs in one-person-one-vote systems, to financing growth via ESOP-style leverage and M&A, this mini-episode captures what’s working, what’s hard, and what’s next for scaling EO worldwide. Key takeaways Center the human/leadership dimension. Ownership mindsets, dignity, and employee wellbeing must be designed—not assumed. “Pilot first, policy next.” Start with a success case to build proof and momentum before pushing for policy. Governance is a muscle. One-person-one-vote can tilt short-term; boards and education must balance long-term stewardship. Finance drives scale. ESOP-style leverage, pension alignment, and M&A can accelerate sector growth when done responsibly. Bottom-up pathways matter. Grassroots entrepreneurship—e.g., women-led cooperatives—can transition into EO and broaden impact. Chapters 00:00 — Host intro: Reflections from Blenheim; empathy, employee voice, and mental health in EO. 00:53 — Chantal Carr: From co-ops to EO; start with one success; ambition: a women’s co-op in Kenya transitions to EO. 03:26 — Robert Postlethwaite: Candid governance realities; one-person-one-vote and balancing short- vs long-term incentives (Basque case). 04:20 — Glen Dott: Financing innovation; interest in ESOP leverage, sector growth via M&A, potential role of AI. 06:53 — Outro: What’s next on Alternative Exit: deeper interviews with global EO leaders. Notable quotes Andy: “Let’s design with empathy—employee voice, mental health, and wellbeing are part of the ownership equation.” Chantal: “Go do it first. Build the success case—policy follows evidence.” Robert: “Be honest about governance—employees often favor the short term; structures must protect the long view.” Glen: “To reach the next level, we should learn from ESOP financing and unlock more M&A activity.” Who should listen Owners exploring succession; EO practitioners; policymakers; advisors; leaders building resilient, values-driven companies. Resources & mentions Oxford Symposium on Employee Ownership (event) Hope Arising; Disruptive Giving (Chantal) Postlethwaite Solicitors (Robert) Scottish Enterprise / Co-operative Development Scotland (Glen) Call to action Subscribe to Alternative Exit for deeper, long-form EO conversations. Share this episode with owners or advisors considering employee ownership. Connect with us for case studies and practical transition toolkits.…

Alternative Exit

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Oxford Symposium on Employee Ownership Series - Day 2 10:16

۹ weeks پیش10:16

10:16

Join Andy Farquharson as he hosts a special series live from the Oxford Symposium on Employee Ownership. Day two was filled with deep dives into various forms of employee ownership and impact investing, featuring insightful conversations with industry leaders. Key Highlights: Smitha Mankat shares her dual role in grassroots work with artisans in India and as an independent director on corporate boards. She discusses the potential for broad-based employee ownership in India. Ita McMahon from Castlefield Investment Partners reflects on the importance of democratizing wealth and the innovative practices of John Lewis in employee ownership. Callum expresses his amazement at the supportive community and the potential for pension reform in the UK to support employee ownership. Barry Horner highlights the growing international movement in employee ownership and the exciting potential for expansion in the UK. Michael Golden discusses the rapid implementation of employee ownership in Slovenia and the potential for Canada to perfect the model with profit-sharing elements. Conclusion: The symposium continues to be a platform for exchanging ideas and fostering innovation in employee ownership. Stay tuned for more insights as the event progresses. Hashtags: #EmployeeOwnership #Innovation #OxfordSymposium #ImpactInvesting…

Alternative Exit

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Oxford Symposium on Employee Ownership Series - Day 1 9:45

۹ weeks پیش9:45

9:45

Join us as we delve into the highlights of the Employee Ownership Symposium, featuring insights from industry leaders like Karen McGuire, Chair of Employee Ownership Ireland, and Pascal Nieuwland-Jansen, Director of the Netherlands Participation Institute. Frank Cumberbatch, Bader Philanthropies Jone Nolte, General Manager ASLE Dr. Gonzalo Hernandez, Professor and researcher ITESO Discover the latest innovations and the growing momentum of employee ownership models across the globe. Key Highlights: Karen McGuire shares her excitement about the growing awareness and application of employee ownership models in Northern Ireland. Pascal Nieuwland-Jansen discusses the organic evolution of employee ownership and its potential as the primary business model for new companies. Jone Nolte from the Basque Country emphasizes the importance of legislative innovation in Spain to promote employee ownership. Frank Cumberbatch highlights the cultural values at Bader Philanthropies and the wealth-building potential of employee ownership for low-income individuals. Hashtags: #EmployeeOwnership #Innovation #BusinessModels…

Alternative Exit

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Alternative Exit #32 | The Honest Truth about Employee Ownership: Lesson from Founder Turned Advisor 38:58

10 weeks پیش38:58

38:58

What happens when a founder realizes they're no longer the most passionate person in the room about their business's future? In this episode, I sit down with Chris Maslin, who made the bold decision to transition his accounting firm Maslin to an Employee Ownership Trust (EOT) in 2021. Chris opens up about the personal moment when he recognized his team's excitement for growth had surpassed his own, and how this realization sparked a journey toward employee ownership that would transform both his business and his life. We explore the messy realities of transitioning ownership and leadership simultaneously—something Chris admits they "did a fairly bad job of" initially. From navigating the 30-30-40 rule of employee engagement to creating a hybrid ownership model that combines EOT benefits with direct share ownership, Chris shares hard-won insights about what really works in employee ownership. Now helping other small businesses through GO EO, he brings both founder and advisor perspectives to the challenges of making employee ownership accessible and affordable. Timestamps: 00:50 Introduction and Chris's EOT Journey 03:21 What Sparked the Transition to Employee Ownership 05:05 The Challenge of Transitioning Ownership and Leadership 08:23 Employee Engagement and the 30-30-40 Rule 12:25 The Reality of Employee Mindset in Ownership Models 17:45 Creating a Hybrid EOT Model with Direct Share Ownership 23:46 Advising Others: Common Questions from Business Owners 29:46 EOT Sales vs Traditional Trade Sales 32:33 Preparing for Employee Ownership Transition 35:06 Advice for Business Owners on the Fence Key Takeaways: Why losing passion for growth can be a signal it's time to transition ownership The importance of clearly defining roles and responsibilities during leadership transitions The 30-30-40 rule: 30% of employees will embrace ownership, 30% can be engaged with effort, 40% view it as just a job How a hybrid EOT model can balance collective ownership with individual stake and accountability Why direct share ownership creates both upside potential and downside risk for key employees The advantages of EOT sales: control over process, minimal haggling, and tax benefits Common valuation challenges when owners have unrealistic expectations about business worth The importance of having a clear post-sale purpose and role definition Why EOT works best for founders who genuinely care about staff and long-term business future About Chris Maslin: Chris Maslin transitioned his accounting firm Maslin to an Employee Ownership Trust in 2021, serving as both founder and employee trustee during the transition. Now working with GO EO, he helps small businesses (5-50 employees) navigate affordable EOT transitions. Chris brings a unique perspective having experienced employee ownership from both sides—as a business owner making the transition and as an advisor helping others through the process. Connect with Chris Maslin: LinkedIn: https://linkedin.com/in/chris--maslin/ Website: go-eo.uk Connect with Andy Farquharson: LinkedIn - https://linkedin.com/in/andyfarquharson/ Instagram - https://instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #31 | How to Exit Without Leaving: Tim Rettig’s Playbook for Purposeful Ownership 37:19

11 weeks پیش37:19

37:19

Alternative Exit #031 | How to Exit Without Leaving: Tim Rettig’s Playbook for Purposeful Ownership What happens when you witness the worst possible exit scenario and vow never to repeat it? In this episode, I sit down with Tim Rettig, CEO of Intrust IT, to explore his deliberate 8-year journey from sole ownership to employee ownership. Tim shares the pivotal moment in a Texas manufacturing plant that changed everything—watching employees discover their company had been sold without warning, their owner vanished overnight, and their futures thrown into uncertainty. This traumatic experience sparked Tim's commitment to creating a radically different legacy through employee ownership. We dive deep into Tim's methodical approach to ESOP transition, starting with his father's successful employee ownership story and evolving into his own strategic implementation. From introducing open-book management and the Great Game of Business to building a culture where 70 employees understand financials and forecast P&L line items weekly, Tim reveals how transparency and education became the foundation for shared ownership. This conversation is packed with practical insights on financial literacy training, daily huddles, quarterly bonuses, and the governance structures that make employee ownership thrive. Timestamps: 00:00 Introduction and Guest Overview 02:48 The Flexibility and Complexity of ESOP Structures 08:28 The Catalyst: Witnessing a Traumatic Business Sale 16:23 Setting the 8-Year ESOP Goal and Employee Involvement 20:51 The Accounting Game: Teaching Financial Literacy 25:42 Cultural Changes Moving to 100% Employee Ownership 32:05 Innovation from Employee Ownership: The AI Security Solution 34:07 Quick Fire Questions and Final Advice Key Takeaways: How witnessing a traumatic business sale in Texas became the catalyst for Tim's ESOP commitment Why announcing ESOP goals 8 years in advance gets employees invested in the journey The power of the "Accounting Game" workbook to teach financial literacy in just 8 hours How 35 of 70 employees forecasting P&L line items gives real-time financial visibility Why the 30% ESOP threshold enables 1042 tax-deferred exchanges for business owners How employee-driven innovation led to an AI-powered cybersecurity solution becoming a new product The governance shift from advisory board to external board with firing power at majority ownership About Tim Rettig: Tim Rettig is the CEO of Intrust IT, a technology services company he founded in 1992 and transitioned to 30% employee ownership in 2019. Currently in due diligence to become 100% employee-owned, Tim has set an ambitious goal to create 10,000 employee owners in his lifetime. He's also the interim owner of Staff Nation, which he plans to transition to employee ownership as well, continuing the family legacy started by his father's successful ESOP transition in the early 2000s. Connect with Tim Rettig: Linkedin: https://linkedin.com/in/timrettig/ Website: intrust-it.com/ Connect with Andy Farquharson: LinkedIn - https://linkedin.com/in/andyfarquharson/ Instagram - https://instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #30 | From Ownership to Legacy: Barry Horner’s Journey to Employee Empowerment 50:21

12 weeks پیش50:21

50:21

What happens when a traditional exit strategy feels like value destruction rather than creation? In this episode, I sit down with Barry Horner, co-founder and executive chair of Paradigm North, one of the UK's leading financial planning firms. Barry shares his transformative journey from exploring trade sales to pioneering employee ownership in 2019, and how he recently completed the leadership transition piece of the puzzle by stepping back as CEO while remaining as executive chair. We dive deep into the practical realities of building an employee-owned business over six years. From managing deferred consideration payments to restructuring governance models, Barry unpacks the lessons learned, challenges faced, and unexpected benefits of choosing employee ownership. This conversation is packed with honest insights about leadership transition, stakeholder management, and why protecting culture and client relationships ultimately trumped financial maximization. Key Takeaways: Why Barry's exploration of trade sales felt like "value destruction" rather than creation How wide share ownership (20 employees) complicated but ultimately enhanced the EO transition The strategic decision to communicate EO plans 18 months early to build trust and excitement Why a nine-person trust board was too big and how they streamlined to five with independent chairs The critical importance of aligning meeting cadences between main board and trust board decisions How "partner voice" groups separate operational input from trust board governance responsibilities Why deferred consideration payments create healthy tension around growth vs. payout priorities The unexpected client acquisition benefits of being publicly employee-owned How leadership transition and ownership transition are two distinct processes requiring separate focus About Barry Horner: Barry is the co-founder and executive chair of Paradigm North, a 93-person financial planning firm that transitioned to employee ownership in 2019. With over two decades of building values-driven businesses, Barry recently completed his leadership transition by stepping back as CEO while maintaining his role as board chair. He's an active champion of the employee ownership community and advocates for sustainable, purpose-led business models that prioritize long-term stakeholder value. Connect with Barry: LinkedIn: https://linkedin.com/in/barry-horner Website: https://paradigmnorth.co.uk Connect with Andy Farquharson: LinkedIn - https://linkedin.com/in/andyfarquharson/ Instagram - https://instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #29 | The Exit That Gives Back: Mike Brady on Selling Without Selling Out 40:48

13 weeks پیش40:48

40:48

What happens when a strategy consultant turns social entrepreneur and then becomes a champion for employee ownership? In this episode, I sit down with Mike Brady, co-founder of 40 Million Owners, to explore his fascinating journey from PWC strategy work to pioneering open hiring at Greyston Bakery, and now to scaling employee ownership across America's lower middle market. Mike shares how his experience creating inclusive cultures taught him that providing access to jobs isn't enough—we need to create pathways to wealth building and true ownership. We dive deep into the practical challenges facing the "silver tsunami" of retiring business owners and why employee ownership offers solutions that go far beyond traditional succession planning. From the capital structures needed to make deals competitive, to the cultural shifts required for successful ownership transitions, Mike unpacks the real work happening on the ground. This conversation is packed with insights for anyone curious about how employee ownership can scale beyond aligned sellers to become a mainstream business solution. Key Takeaways: Why workforce development alone isn't enough—quality jobs with wealth-building opportunities are essential for systemic change How the "silver tsunami" creates dual challenges: business succession and labor shortages that employee ownership uniquely addresses The competitive advantage of employee ownership in attracting talent as labor markets tighten Why successful EO transitions require both adequate capital and strong operators, not just aligned sellers How existing ESOPs can become powerful acquirers, creating an ecosystem for scaling employee ownership The importance of transparency and "loving action" in building authentic ownership cultures Why market-based solutions are crucial for employee ownership to compete with private equity and search funds How the lower middle market ($3-50M enterprise value) represents the biggest opportunity for employee ownership growth About Mike Brady: Mike Brady is co-founder of 40 Million Owners, an organization dedicated to scaling employee ownership across America's lower middle market. Previously, he served as CEO of Greyston Bakery, where he pioneered award-winning open hiring practices and delivered a TED talk on inclusive employment. Mike began his career in strategy at PwC, had a tech exit with Fast, and currently serves as an operating partner at Southeast Acquisition Capital. He's recognized as a leader in impact entrepreneurship and workforce development innovation. Connect with Mike Brady: LinkedIn: https://linkedin.com/in/mikebrady40million/ 40 Million Owners: https://40millionowners.com/ Connect with Andy Farquharson: LinkedIn - https://linkedin.com/in/andyfarquharson/ Instagram - https://instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #28 | Building an Ownership Culture with Dr. Ellen Frank-Miller 48:54

14 weeks پیش48:54

48:54

Episode Summary: In this episode of The Alternative Exit Podcast, Andy Farquharson is joined by Dr. Ellen Frank-Miller, a seasoned expert in workforce research and organizational development. Ellen, the founder and CEO of the Workforce and Organizational Research Center (Work), shares her expertise on the role of employee ownership in creating better workplaces. With a focus on the link between quality jobs and employee engagement, she discusses the pivotal role of leadership in shaping a culture of ownership within companies. Ellen explains how operational practices, such as giving employees more autonomy and fostering collaborative management, can ignite an ownership mindset, leading to better business outcomes. She also provides a deep dive into the scientific tools and research methods her organization uses to help businesses track progress and make informed decisions about cultivating an ownership culture. Ellen challenges the traditional view of ownership, emphasizing that the culture around ownership is as important as the financial incentives tied to it. She outlines practical strategies that businesses can use to integrate ownership principles into their daily operations, fostering an environment where employees feel both responsible and invested in the company's success. This episode is a must-listen for leaders and business owners who want to build more engaged, loyal, and high-performing teams. Key Takeaways: Ellen’s journey from HR consulting to founding WORK How academic research can be applied to improve business outcomes The connection between employee ownership and job quality Social exchange theory and its impact on ownership mindsets How to create an ownership mindset through management and autonomy The importance of measuring ownership behaviors with the Ownership Impact Index The role of leadership and communication in fostering ownership cultures Steps to implement an ownership culture through incremental changes The role of employee ownership in preserving a company’s legacy The various structures of employee ownership and their benefits About Dr. Ellen Frank-Miller: Dr. Ellen Frank-Miller is a thought leader in the field of workforce and organizational research. As the founder and CEO of the Workforce and Organizational Research Center (Work), she is committed to advancing research that links employee ownership with job quality and organizational success. Ellen’s work combines over three decades of experience in human capital strategy, research, and business transformation. She focuses on the intersection of academic research and practical application, using evidence-based methodologies to help organizations foster ownership cultures that drive business outcomes. Ellen’s insights are invaluable for companies looking to implement meaningful organizational change and create lasting improvements in employee engagement and performance. Connect with Dr. Ellen Frank-Miller Website: https://www.worcimpact.com/ LinkedIn: https://www.linkedin.com/in/ellenfrankmiller/ Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #27 | From Awareness to Action: Scaling EO Through Tech and Trust 40:13

16 weeks پیش40:13

40:13

Episode Summary: What if small business owners could explore employee ownership with clarity, confidence, and tools built just for them? In this episode, I’m joined by Sonali Kothari, Co-founder, Chief Product Officer, and Chief Operating Officer of Zolidar—a platform dedicated to unlocking employee ownership transitions for small and medium-sized businesses. Sonali brings together deep experience from organizations like Kiva and Jobs for the Future, along with a passion for scaling systems that work for people. We explore how Zolidar is tackling the "leaky bucket" problem of awareness and adoption in EO, what it looks like to support both business owners and advisors through the early stages of transition, and why technology might finally be the key to helping employee ownership reach its full potential. Key Takeaways: How Sonali's work with Kiva and small business consulting led her to discover employee ownership The founding story of Zolidar and its mission to scale EO through smart tech tools A breakdown of Zolidar’s tools: Day Zero Guide, AHA Planner, and ZolidAI support bot How Zolidar helps owners navigate valuations, exit scenarios, and financing options Why advisors benefit from owners who arrive EO-ready with clear questions and data The importance of storytelling, decision support, and community building in EO adoption What’s next: supporting post-transaction businesses and building advisor/owner matching tools About Sonali Kothari: Sonali is the co-founder and CPO/COO of Zolidar. She previously served as COO of Kiva and held leadership roles at Jobs for the Future. With a career focused on equitable economic solutions, Sonali is committed to using technology to unlock inclusive, employee-owned futures. Connect with Sonali & Zolidar: Website: www.zolidar.com LinkedIn: Sonali Kothari Email: sonali@zolidar.com Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #26 | Leading with Heart: Arabella Lewis-Smith on the Power of EO 39:27

17 weeks پیش39:27

39:27

What does it take to let go of your business—and hand it over to your team? In this episode, I sit down with Arabella Lewis-Smith, founder and managing director of the creative agency Salad, to explore her journey from sole owner to 100% employee-owned company. Bella shares what sparked her pivot away from a traditional exit and into a future shaped by trust, transparency, and shared ownership. We dive into the mindset shifts, practical steps, and candid lessons she encountered along the way. From pizza on the beach to quarterly vision days, Bella unpacks how leadership evolved, how her team responded, and how intentional communication turned doubt into advocacy. This one is packed with honest insights for any founder curious about what an alternative exit really looks like in action. Key Takeaways: Why Bella initially planned to sell Salad, and what changed her mind How a single question reframed the company’s growth narrative What Chris Budd advised her not to do after learning about EO The emotional and operational impact of telling her team Setting up the employee council, trust board, and operational board How employee voice helped shape company policies and culture Why a strong leadership model still matters in EO businesses The surprising benefits of staying small and running lean About Arabella Lewis-Smith: Arabella is the founder and MD of Salad, a UK-based creative design agency. With over two decades at the helm, she transitioned the business to 100% employee ownership in 2021. Bella is known for her transparent leadership style and active advocacy for people-first business models. Connect with Arabella: Website: www.saladcreative.com LinkedIn: Arabella Lewis-Smith Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #25 | Turning Scraps into Soil and Shared Power: The Rust Belt Riders Story 39:51

18 weeks پیش39:51

39:51

Episode Summary: Ever wondered what it really takes to turn a grassroots composting hustle into a thriving, worker-owned enterprise? This conversation with Michael Robinson, co-founder of Rust Belt Riders, takes us inside that transformative journey. Michael and I talk about how Rust Belt Riders evolved from an idea rooted in community gardens and philosophical values into a formal worker cooperative. We unpack how financial transparency, shared decision-making, and open dialogue have powered their growth, and how the team continues to navigate complex conversations around pay equity, governance, and scaling workplace democracy. This episode is full of practical wisdom for any founder considering a co-op model or looking to deepen employee engagement. Key Takeaways: Why Rust Belt Riders started with a cooperative mindset from day one The long road from LLC to formal worker cooperative Lessons in financial transparency and open-book management Navigating pay structures and consensus-based decision-making The role of trust, compassion, and unlearning in cooperative success Using tech like Lumio to streamline collective decisions The cultural shift from "pretending to be a co-op" to truly being one About Michael Robinson Michael is the co-founder of Rust Belt Riders and serves as treasurer on the board of Cleveland Owns. With a background in philosophy and a passion for social and political equity, Michael brings a grounded, values-driven approach to cooperative leadership and community wealth building. Connect with Michael Robinson Website: www.rustbeltriders.com Tilth Soil: www.tilthsoil.com Cleveland Owns: www.clevelandowns.coop LinkedIn: Michael Robinson Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #24 | Unlocking the Donut Economy Through Employee Ownership 34:23

19 weeks پیش34:23

34:23

Episode Summary: In today’s episode of The Alternative Exit, I’m joined by Erinch Sahan, Business and Enterprise Lead at the Donut Economics Action Lab. Erinch brings a bold new lens to our conversations on ownership, rooted in his work with the Donut Economics framework – a model that calls for businesses to operate within ecological limits while meeting social needs. Erinch and I dive into how enterprise design and ownership models like employee ownership can transform businesses into vehicles for long-term sustainability, fairness, and resilience. We explore why now is the perfect moment for retiring business owners to reimagine the future of their companies, and how structures that give employees a real stake in decision-making and outcomes can help get us into the “donut” – a safe, just space for humanity. Key Takeaways: What is Donut Economics and how it redefines the role of business Why ownership and governance models matter for sustainable transformation The connection between employee ownership and long-term ecological resilience How local ownership leads to more responsible decision-making Challenges owners face when transitioning to alternative ownership models Why fear of change – from employees or advisors – is often misplaced The role of enterprise design in unlocking innovation and employee engagement Why the transition to employee ownership isn’t binary and doesn’t mean giving up all control About Erinch Sahan Erinch Sahan is the Business and Enterprise Lead at the Donut Economics Action Lab. Prior to this, he served as the Chief Executive of the World Fair Trade Organization, worked at Oxfam, and taught at the Cambridge Institute for Sustainability Leadership. With over 900 businesses engaged in his work, Erinch brings deep insight into how to redesign businesses to serve both people and planet. Connect with Erinch Sahan: Website: https://doughnuteconomics.org LinkedIn: Erinch Sahan Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #23 | From Employee to Owner: Igniting the Entrepreneurial Mindset 39:26

20 weeks پیش39:26

39:26

Episode Summary: Today’s episode offers a fresh perspective—from the employee’s seat. I’m joined by the brilliant and energetic Sam Moles, who brings a front-line view into what employee ownership actually looks like day-to-day. As a Trustee Representative and marketing lead at Stephens Scown, Sam unpacks how ownership changes mindsets, motivates innovation, and transforms how people show up at work. We dive into practical systems, cultural shifts, and leadership traits that make employee ownership real. We dive into what it really means to be an employee owner—from developing commercial awareness and mindset shifts, to creating structured systems for employee voice and innovation. Sam shares how Stephens Scown is empowering their people through initiatives like their "Ideas from Sconers" portal and parishes forum, and what leadership looks like in a democratically governed, employee-driven business. If you're wondering how to unlock engagement, transparency, and entrepreneurial thinking in your own business, this is an episode you’ll want to take notes on. Key Takeaways: What it means to serve as an elected trustee in an employee-owned firm How Stephens Scown created employee voice at the strategy table The shift from employee to owner—and how it unlocks commercial thinking How the "Ideas from Sconers" system works and the business case behind it The role of trust boards, parishes, and peer-to-peer coaching in EO cultures Why great EO leaders coach, challenge, and encourage entrepreneurial risk-taking How employee ownership can drive better businesses and better societies Why open feedback loops and transparency build real trust How employees can grow their EO knowledge through community sharing About Sam Moles Sam Moles is the Digital Marketing Manager and Trustee Representative at Stephens Scown, a leading employee-owned law firm in the UK. Named the Employee Owner of the Year in 2023, Sam has played a key role in shaping how employee voice is embedded at a strategic level within the firm. Known for his boundless energy and passion for EO, Sam also leads peer-learning initiatives across employee-owned businesses and champions practical tools that help shift mindsets from employee to owner. Connect with Sam Moles: LinkedIn: Sam Moles – Stephens Scown Website: https://www.stephens-scown.co.uk Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #22 | Building a European Future Through Employee Ownership 47:22

21 weeks پیش47:22

47:22

Episode Summary: In this episode of The Alternative Exit Podcast, I’m joined by Dr. Tej Gonza—researcher, author, and co-founder of the Institute for Economic Democracy in Slovenia. Tej is a powerful voice in the global employee ownership movement, leading policy innovation and grassroots change across Europe. He’s also a research fellow at Rutgers University and the co-author of the “European ESOP,” an ambitious model that aims to expand employee ownership through democratic, cooperative structures. We talk about the real impact of employee ownership on businesses, communities, and economic resilience—especially as Europe braces for a wave of generational business exits. Tej also dives deep into how the European ESOP was designed, what makes it unique, and why he believes participatory ownership is essential for building sustainable enterprises. Whether you're a business owner, policy leader, or just curious about the future of capitalism, this one’s packed with fresh ideas and global insight. Key Takeaways: - How Tej discovered employee ownership through academic curiosity and macroeconomic mentorship - Why employee ownership matters from business, social, and macroeconomic perspectives - The generational wealth transfer challenge facing Europe—and why employee ownership is a strategic solution - How Slovenia is setting the pace for employee ownership policy in the EU - The fundamental differences between employee ownership and employee shareholding - Why capital access and ownership rights matter in building sustainable employee-owned businesses - How the European ESOP uses a cooperative SPV and rollover model to tackle liquidity challenges - The importance of education and financial literacy in making employee ownership work - Why political will, smart regulation, and scalable models are key to driving broader adoption About Dr. Tej Gonza Dr. Tej Gonza is the co-founder and director of the Institute for Economic Democracy in Slovenia. A leading researcher in the field, Tej is a research fellow at Rutgers University’s Institute for the Study of Employee Ownership and Profit Sharing and is actively shaping employee ownership legislation across the European Union. He is the co-author of the European ESOP model and a vocal advocate for democratizing economic systems through broad-based, participatory ownership structures. Connect with Dr. Tej Gonza LinkedIn: https://www.linkedin.com/in/gonzatej/ Website: https://ied.si/en/ Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #21 | Scaling Employee Ownership, One State at a Time 34:25

22 weeks پیش34:25

34:25

Episode Summary: For today's episode of The Alternative Exit Podcast, I'm joined by Steve Storkan, Executive Director of the Employee Ownership Expansion Network (EOX). With over 25 years of experience in the employee ownership space, Steve has helped shape how businesses and communities embrace ownership models like ESOPs and Employee Ownership Trusts across the U.S. We dive into the cultural and emotional side of employee ownership, the growing network of state centers EOX is building, and what it takes to make ownership more mainstream in America. Steve also shares some of the biggest misconceptions about employee ownership and why capital access and education remain two of the biggest hurdles. Whether you're a business owner considering your next move or someone passionate about inclusive growth, this conversation is packed with perspective and purpose. Key Takeaways: How Steve’s experience in the Marine Corps led to a surprising path into employee ownership The emotional connection and cultural power of ESOPs Why financial literacy is critical to employee engagement The role third-party administrators play in bridging education gaps Common misconceptions that make ESOPs hard to explain—and how to fix that How EOX is scaling state-by-state to increase national awareness Why employee ownership is a retention tool, and not (yet) a recruitment tool The challenge of capital access—and how philanthropy and impact funds are changing that The rise of ESOP-led acquisitions to grow ownership across sectors What’s next for the employee ownership movement About Steve Storkan Steve Storkan is the Executive Director of the Employee Ownership Expansion Network (EOX), a national nonprofit on a mission to grow employee ownership across the United States by supporting the development of state centers. Since joining EOX in 2019, Steve has helped expand the network from 8 to 24 state centers and continues to advocate for inclusive business models that benefit both owners and employees. Connect with Steve Storkan Email: info@eoxnetwork.org LinkedIn: Steve Storkan Website: https://eoxnetwork.org Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #20 | Building Ownership That Lasts: Daniel Goldstein on Culture, Governance, and the Power of ESOP Holding Companies 42:28

23 weeks پیش42:28

42:28

Episode Summary: In this episode of The Alternative Exit , I’m joined by Daniel Goldstein an experienced executive, former CEO of Foliance, and a dedicated advocate for employee ownership. With a career spanning corporate governance, ESOP advocacy, and organizational transformation, Daniel brings a deeply thoughtful and practical lens to how businesses can embrace employee ownership and thrive. We dive into what happens after the ownership transition — how to ensure long-term sustainability, build buy-in, and drive culture within employee-owned companies. From turning a balance sheet crisis into a holding company opportunity, to creating tangible tools like a "license to act" card that foster true ownership mindset, Daniel shares a masterclass in smart leadership, accountability, and systems that scale. Key Takeaways: The biggest fear in employee ownership isn’t the model — it’s employees undervaluing what they have Why shared services and ESOP holding companies simplify transition and scale The difference between ownership and entitlement (and how education bridges the gap) Why culture change starts with leadership modeling, not employee handbooks The “80,000 hours” mindset that makes work about more than just financial rewards How governance done well empowers decision-making and accountability at every level Why focusing on what’s working — through appreciative inquiry — is more powerful than postmortems What’s next in employee ownership: EOTs, sustainability modeling, and cultural storytelling About Daniel Goldstein: Daniel Goldstein is the former President and CEO of Foliance, a 100% employee-owned holding company based in Iowa. During his tenure, he transformed the organization through innovative acquisitions, thoughtful governance, and deep cultural investment. Today, he serves as an executive fellow at the Rutgers Institute of Employee Ownership and Profit Sharing, and continues to support the EO community as a speaker, board member, and advisor. Connect with Daniel Goldstein: Email: goesopllc@gmail.com LinkedIn: Daniel Goldstein Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #19 | The 'Whoosh' Effect of Employee Ownership 40:54

24 weeks پیش40:54

40:54

Episode Summary: For today's episode of The Alternative Exit Podcast, Andy Farquharson is joined by Deb Oxley, a prominent advocate for employee ownership and the Chair, NED, Mentor, and Specialist in Employee Ownership. She shared stories of how she influenced companies about employee ownership, the need to influence influencers like accountants and lawyers about its importance, and its impacts. They also talked about the 'whoosh' effect on employee ownership and the concept of 'financial freedom day.' Listen to learn more about these. Enjoy the show! Key Takeaways: How Deb found her way into the employee ownership space Big challenges to sharing awareness about employee ownership with companies The pre-transition space of accountants and lawyers What is the ownership 'whoosh' effect? The financial freedom day Employee ownership is a change of ownership, not leadership. Importance of financial literacy in employee ownership Giving a level of personal accountability to employees What is the biggest barrier to growth for employee ownership? About Deb Oxley Deb Oxley is a prominent advocate for employee ownership. She had a tenure from 2015 to 2022 as the CEO of the Employee Ownership Association in the UK. During her time, she had a significant impact on the organization, growing its reach and impact. Deb was awarded an OBE in 2019 for her services to employee ownership and social enterprise. Connect with Deb Oxley X: @DebOxley LinkedIn: https://www.linkedin.com/in/deboxley Email: deb@oxleyworks.co.uk Resources: https://employeeownership.co.uk/ Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #18 | Employee Ownership as a Legal and Financial Transaction 42:35

25 weeks پیش42:35

42:35

Episode Summary: In this episode of The Alternative Exit Podcast, Andy Farquharson interviews Chris Mackin, a luminary in employee ownership who has spent four and a half decades in this field. He is the founder and president of Ownership Associates, a consulting firm based in Cambridge, Massachusetts. Today, he talks about the history of employee ownership in the U.S., the introduction of employee relationships, and the idea of employee ownership in the legal and financial aspects. Listen and enjoy the show! Key Takeaways: The history of employee ownership in the United States Introduction of employee relationship The misconceptions about employee ownership: It is not socialism The vision of an industrial republic Importance of changing organizational culture and employee engagement as part of the transition Creating democratic capitalism ESOP vs EOT The biggest challenge to implementing employee-owned structures in companies Having future committees in ESOP companies The Employee Equity Investment Act About Chris Mackin Chris Mackin is the founder and president of Ownership Associates, a consulting firm based in Cambridge, Massachusetts. He is also a fellow at the Rutgers University School of Management and Labor Relations, where he teaches a course on democratic capitalism and contributes to the Institute for the Study of Employee Ownership and Profit Sharing. He plays an active role in shaping policies that govern employee ownership and participates in employee ownership symposiums around the world. Connect with Chris Mackin -Website: https://ownershipassociates.com/ -LinkedIn: https://www.linkedin.com/in/christopher-mackin-3238723/ Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #17 | The Barriers to Employee Ownership for SMB 38:10

26 weeks پیش38:10

38:10

Episode Summary: In this episode of The Alternative Exit, Andy Farquharson speaks with John Guzek, a researcher and practitioner specializing in Employee Ownership and Organizational Behavior. Recently, he co-authored an article called 'Overcoming the Barriers to Employee Ownership: Insights from a Small and Medium Business.' Today, John will dive into the conversation about the barriers to employee ownership, especially for small and medium business owners, the idea of an ownership operating system, and the difference between ESOP and shared ownership. Listen and enjoy! Key Takeaways: - John's inspiration to research barriers to employee ownership among SMB owners - Reasons why people reject the idea of employee ownership - What is shared ownership and the ownership operating system? - The easiest and toughest thing for owners to do in employee ownership - Turning employees into an innovation engine - Difference between ESOP and shared ownership - The transition towards a shared ownership lifestyle model - John's advice for business owners who want to transition to employee ownership About John Guzek John Guzek is a researcher and practitioner specializing in Employee Ownership and Organizational Behavior. Recently, he has co-authored an article called 'Overcoming the Barriers to Employee Ownership, Insights from a Small and Medium Business.' Connect with John Guzek: - LinkedIn - https://www.linkedin.com/in/guzekjc/ Connect with Andy Farquharson: - LinkedIn - https://www.linkedin.com/in/andyfarquharson/ - Instagram - https://www.instagram.com/andyfarq - Website - https://abettermonday.me/ - Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #16 | The Culture Shift to Employee Ownership via Co-Operative 33:53

27 weeks پیش33:53

33:53

Episode Summary: For today's episode of The Alternative Exit Podcast, Andy Farquharson is joined by Beth Spong, CEO of Dean's Beans Organic Coffee. She had a career working in a non-profit and a respected leader in employee ownership. In this episode, she shared her journey working with Dean's Beans Organic Coffee and how she helped the company on its transition from being a founder-led company to an employee-owned company via co-op. She also talked about the challenges of leading change in a company, and the response of employees with their transition to employee ownership. Listen and enjoy the show! Key Takeaways: - Helping Dean's Beans' transition from being founder-led to employee-owned via co-op - Preserving the mission and looking after employees in the local community - How to know if a company is ready for the ownership transition? - What do bylaws mean in a co-op? - Periodic opportunities for people to question decisions - The biggest challenge as a leader in supporting and guiding change in a company - Employees' response to their transition to being an owner - Beth's favorite resource on employee ownership About Beth Spong Beth Spong is the CEO of Dean's Beans Organic Coffee. She has a career in non-profits and is a respected leader in employee ownership. Beth has overseen the transition of this business from founder-led to an employee-owned model and as a co-op. As a permanent voice in employee ownership, she contributed to reshaping the narrative of how worker empowerment and shared governance can transform the work environment for her people. Connect with Beth Spong: - Website: https://deansbeans.com/ - Facebook: https://www.facebook.com/DeansBeansOrganicFairTradeCoffee Instagram: https://www.instagram.com/deansbeanscoffee Connect with Andy Farquharson: - LinkedIn - https://www.linkedin.com/in/andyfarquharson/ - Instagram - https://www.instagram.com/andyfarq - Website - https://abettermonday.me/ - Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #15 | Protecting and Preserving the Company with Employee Ownership 56:27

28 weeks پیش56:27

56:27

Episode Summary: For today's episode of The Alternative Exit Podcast, Andy Farquharson is joined by Alex Moss, a pioneer in the field of employee ownership and is currently the president of Praxis Consulting Group. Alex has decades of experience advising employee-owned companies and mission-driven organizations. He served in leadership roles on the boards of multiple ESOPs and has been a key advocate in the employee ownership community. Andy will dive into Alex's journey and his work at Praxis. He also shared in this episode his insights on creating resilient and high-performing organizations through employee ownership. Listen and learn more about these topics, and enjoy the show! Key Takeaways: Alex and his story of forming Praxis Consulting Group. Employee ownership is a great tool to help people succeed Core elements of a great employee ownership model Connecting theory and practice at Praxis How Alex approach organizational change What is business sustainability The value system of ownership vs leadership Why won't employees want ownership? About Alex Moss Alex Moss is the Founding Principal of Praxis Consulting Group. He is a pioneer in the field of employee ownership and has decades of experience advising employee-owned companies and mission-driven organizations. Alex has served in leadership roles on the boards of multiple ESOPs and has been a key advocate in the employee ownership community. Connect with Alex Moss Website: https://www.praxiscg.com/team/alexander-p-moss-mppm Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #14 | The Real Power of Ownership through Employee Ownership 38:00

29 weeks پیش38:00

38:00

Episode Summary: In this episode of The Alternative Exit Podcast , Andy Farquharson is joined by Alison Lingane, a dedicated social entrepreneur who spent her career leveraging the business. She co-founded a non-profit called Project Equity, which promotes employee ownership. She shared her journey with Project Equity and her transition to focus on expanding investment capital for employee ownership through the Ownership Capital Labs, which is advancing shared ownership models. Alison and Andy also talked about the power of employee ownership, the cash collateral program, and the beauty of the employee ownership space. There is a lot of value in this episode; enjoy the show! Key Takeaways: Alison's inspiration to co-found Project Equity The real power of ownership through the lens of employee ownership Impacts of collective groups of employee-owned businesses on the local economy About the cash collateral program Reorder of steps in the process of employee ownership Bridging the gap for employee ownership with Ownership Capital Labs Alison's advice for business owners about employee ownership About Alison Lingane Alison Lingane is a dedicated social entrepreneur who spent her career leveraging business. Ten years ago, she co-founded a non-profit called Project Equity, an organization that has been promoting employee ownership. She also expanded from Project Equity to investment capital for employee ownership through the Ownership Capital Labs. Connect with Alison Lingane Website: https://ownershipcapitallab.capital/ Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #13 | How Can Employees Adopt the Direct Employee Ownership Model? 41:44

30 weeks پیش41:44

41:44

Episode Summary: In this episode of The Alternative Exit Podcast , Andy Farquharson interviews Drew Mousetis, the Executive Director of Tandem Centre for Shared Business Success. Drew shares his experience working in Cargas and how the company helped him become an expert in direct employee ownership. He shared the benefits of direct employee ownership and the powerful impact of keeping businesses community-centered. They also talked about the stock grant program, educating employees about the company's financial and operational data, and the five different stages of employee ownership. Listen and hear Drew's inspiring stories and value in this field. Enjoy the show! Key Takeaways: The concept of shared success for all employees Benefits of direct employee ownership to Drew while in Cargas Guiding principles of direct employee ownership Train employees to learn and understand the company's financial and operational data How the Employee Stock Ownership Plan differs from other models of employee ownership The five different stages of employee ownership About Drew Mousetis Drew Mousetis is a leader in the field of employee ownership. He is the Executive Director of Tandem Centre for Shared Business Success, and he previously worked extensively with Cargas. With Cargas, Drew helped the company to transition towards an employee-owned company. Now, at Tandem, his mission is to help companies create lasting legacies through direct employee ownership. Connect with Drew Mousetis Website - https://www.tandemcenter.org/ Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@bettermonday.me…

Alternative Exit

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Alternative Exit #12 | Building Stronger Companies Through Cooperative Transitions with Rob Brown 38:03

31 weeks پیش38:03

38:03

Episode Summary: In this episode of The Alternative Exit Podcast , host Andy Farquharson sits down with Rob Brown, Director of Business Ownership Solutions at the Cooperative Development Institute (CDI), to discuss the transformative power of employee ownership. Rob shares insights into how transitioning businesses to employee-owned cooperatives not only benefits employees but also builds stronger communities and ensures business continuity. From sharing real-world examples to outlining CDI’s comprehensive transition support, Rob explains the key factors that make employee-owned companies thrive. Tune in to hear Rob’s expert take on why employee ownership is more than just a financial decision—it’s a path to lasting legacy and stability. Key Takeaways: The mindset shift required for employees to see themselves as owners. Open-book management to create a culture of trust and engagement. The financial and interpersonal benefits of employee-owned cooperatives. The transition with CDI’s “soup-to-nuts” approach to support and training. The process of turning employees into credible, bankable buyers. Resources Mentioned: Democracy at Work Institute - https://institute.coop/ The Great Game of Business - https://www.greatgame.com/ About Rob Brown: Rob Brown is the director of Business Ownership Solutions at the Cooperative Development Institute. He is a nationally recognized expert in the field of cooperative ownership transitions and transaction development, and has assisted dozens of companies to explore, assess, structure and execute worker cooperative conversions. Rob has developed extensive programs of education, training, coaching and technical assistance for boards, management and members in new worker-owned cooperatives, and leads programs at the local, regional, and national level to educate and advise business owners on the exit planning process and options. Connect with Corey Rosen: Website - https://cdi.coop/ Connect with Andy Farquhason: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@abettermonday.me…

Alternative Exit

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Alternative Exit #11 | A Path to Economic Equity and Community Empowerment with Maureen Conway 34:53

32 weeks پیش34:53

34:53

Episode Summary: In this episode of The Alternative Exit Podcast , Andy Farquharson hosts Maureen Conway, Vice President at the Aspen Institute and Executive Director of its Economic Opportunities Program. Together, they delve into the transformative potential of employee ownership, discussing how it addresses economic inequality, enhances job quality, and fosters long-term business competitiveness. Maureen shares her journey advocating for inclusive business models, highlights innovative initiatives from the Aspen Institute, and offers actionable advice for business owners considering transitioning to employee ownership. Packed with insights, this episode is a must-listen for anyone exploring sustainable business models and community impact. Tune in to discover how employee ownership can redefine success for companies and workers alike! Key Takeaways: The transformational power of employee ownership in building equitable economies. Myths about employee-owned companies and showcasing their scalability. Advice for business owners planning a transition to employee ownership. How employee ownership fosters civic engagement and strengthens communities. Systemic barriers that hinder the growth of employee ownership models. About Maureen Conway: Maureen Conway serves as vice president at the Aspen Institute and executive director of the Institute’s Economic Opportunities Program (EOP). EOP works to expand individuals’ opportunities to connect to quality work, start businesses, and build economic stability that provides the freedom to pursue opportunity. Maureen founded EOP’s Workforce Strategies Initiative and has headed up workforce research at the Aspen Institute since 1999. Maureen also curates a public discussion series at the Aspen Institute, Opportunity in America, which brings together voices from business, labor, policy, human services, media, academia, and others to discuss the challenges experienced by many in today’s labor markets and new ideas for addressing these challenges. In addition, Maureen oversees EOP’s leadership development programs, which connect innovators, both within communities and from across the country, to peers working to help low- and moderate-income Americans access opportunity. Connect with Maureen Conway: Website - https://www.aspeninstitute.org/people/maureen-conway/ Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@abettermonday.me…

Alternative Exit

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Alternative Exit #10 | Unlocking Innovation Through Employee Ownership with Matt Hancock 47:27

33 weeks پیش47:27

47:27

In this episode of The Alternative Exit Podcast , Andy Farquharson sits down with Matt Hancock, a consultant at Praxis Consulting Group and co-founder of Chicago Tech Academy, to explore how organizations can create thriving ownership cultures. Matt shares his journey from Italy’s cooperative economy to working with U.S. employee-owned companies, offering invaluable insights into how leaders can foster innovation, resilience, and inclusivity in employee ownership. He discusses the building blocks of ownership culture, from education and leadership development to continuous improvement practices, and highlights the long-term benefits of investing in people. This episode is packed with actionable advice and thought-provoking stories that will inspire any business owner considering employee ownership. Don’t miss out on this engaging conversation—listen now to unlock the full potential of ownership culture! Key Takeaways: The essential link between rights and responsibilities in ownership culture. How education and leadership are the foundation of successful employee ownership. The transformative impact of continuous improvement practices in employee-owned companies. How transparency and financial literacy empower employees to think and act like owners. How aligning leadership values with organizational goals creates long-term resilience. About Matt Hancock: Matt Hancock helps organizations develop ownership cultures that are inclusive, resilient, and innovative. In addition to employee-owned firms, Matt has extensive experience working with labor-management partnerships and non-profit organizations in the United States and the European Union. Prior to joining Praxis, Matt co-founded Chicago Tech Academy (ChiTech), Chicago’s first technology-focused high school. Matt began his career in Bologna, Italy, where he earned a Master’s in Cooperative Economics from the University of Bologna. He authored a book, Compete to Cooperate, about the cooperative movement there. He holds a BA in history from Skidmore College, a Green Belt in Lean/Six Sigma and is the past Chair of The ESOP Association’s Ownership Culture Committee. Connect with Matt Hancock: Website - https://www.praxiscg.com/team/matthew-hancock-mba Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@abettermonday.me…

Alternative Exit

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Alternative Exit #9 | Legacy, Empowering Teams, and Thriving Beyond Leadership with Simon Morton 40:34

34 weeks پیش40:34

40:34

Episode Summary: In this episode of The Alternative Exit Podcast , Andy Farquharson interviews Simon Morton, founder of Eyeful Presentations and author of Employee Ownership: A Guide to Transitioning from Boss to Benefactor . Simon shares his journey of transitioning his company to employee ownership after nearly two decades, highlighting the challenges, successes, and deeply personal motivations behind his decision. He provides actionable advice on leadership, communication, and creating a legacy through employee ownership, while also offering a candid look at the emotional and practical aspects of letting go. This episode is a treasure trove of insights for anyone considering employee ownership as an exit strategy. Tune in to hear Simon’s inspiring story and expert advice! Key Takeaways: The importance of strong leadership and coaching before transitioning to employee ownership. Open communication as the cornerstone of a successful employee ownership transition. How aligning personal and business goals creates a sustainable legacy. The transformative impact of empowering employees to think and act like owners. The balance between financial goals and the emotional satisfaction of leaving a lasting legacy. About Simon Morton: Simon Morton is an internationally recognized expert on presentation development, and is the founder of Eyeful Presentations, one of the top three presentation consultancy and design companies in the world. Serving customers from more than 20 countries via five global offices, Simon has worked with top brands and thought-leaders, helping them to develop presentations that get the job done. He is well known for his concept challenging views on modern business presentations and in this series, he discusses his book, ‘The Presentation Lab: Learn the Formula Behind Powerful Presentations’ with Grant Leboff. Connect with Simon Morton: Website - https://eyefulpresentations.com/ LinkedIn - https://www.linkedin.com/in/morts-uk/ Connect with Andy Farqurhason: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@abettermonday.me…

Alternative Exit

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Alternative Exit #8 | Creating Lasting Legacies with Employee Ownership Trusts with Chris Budd 41:19

35 weeks پیش41:19

41:19

Episode Summary: In this episode of The Alternative Exit Podcast , Andy Farquharson interviews Chris Budd, founder of the Eternal Business Consultancy, to explore how employee ownership trusts (EOTs) can help business owners preserve their legacy and build enduring organizations. Chris shares his journey from business owner to employee ownership advocate, emphasizing the importance of planning, preparation, and engaging employees in the process. Through Chris’s insights, listeners gain a comprehensive view of EOTs as a viable path for business continuity and employee engagement. Don’t miss this episode for a deep dive into creating a lasting legacy through employee ownership. Key Takeaways: The importance of aligning purpose with employee ownership. How EOTs offer a path to sustainable legacy-building. Preparation to ensure smooth employee ownership transitions. How employee voice strengthens business culture. Guide founders on how to step back and let employees lead. Resources Mentioned: The Eternal Business - https://theeternalbusiness.com/the-book/ About Chris Budd: Chris started out as a self-employed independent financial adviser in 1998 (incorporating as Ovation on 1st January 2000) with a strong vision. At the time, financial advice was all about product sales and high up-front commissions. Chris believed that financial advice should be more about planning and a long-term relationship with clients. At the time, he was laughed at (quite literally) for these ideas. All these years later, Ovation delivers planning and advice in a way that makes Chris and our wonderful team very proud. The Managing Director of Ovation for 20 years, Chris also founded the Initiative for Financial Wellbeing, the Eternal Business Consultancy and the Backwell Flax Bourton Cricket Club youth section. Now, as Chair, Chris supports the amazing employees of Ovation. He loves the fact that everyone here believes in the core purpose he set out to achieve: helping clients to be happier. Connect with Chris Budd: LinkedIn - https://www.linkedin.com/in/chris-budd-80b75413/ Website - https://theeternalbusiness.com/ Connect with Andy Farquhason: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@abettermonday.me…

Alternative Exit

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#7 | How Employee Ownership Boosts Community and Company Resilience with Matt Cropp 38:40

36 weeks پیش38:40

38:40

Episode Summary: In this engaging episode of The Alternative Exit Podcast , Andy Farquharson interviews Matt Cropp, Executive Director of the Vermont Employee Ownership Center, who sheds light on the far-reaching impact of employee ownership on businesses, communities, and individual wealth. Matt shares stories from Vermont’s leading employee-owned companies, discussing the nuances of ESOPs versus worker cooperatives, and why these models lead to stronger communities and resilient companies. Dive in to discover how employee ownership is transforming business legacies and creating sustainable economic growth. Key Takeaways: How employee ownership deepens employees' connection to their work and community. The differences between ESOPs and worker cooperatives. How Vermont businesses succeed with employee ownership. The long-term community benefits of employee-owned businesses. How employee ownership builds retirement security and resilience in downturns. Resources Mentioned: Carris Reels - https://carris.com/ About Matt Cropp: Matt has been with the organization since 2014, where he has developed deep expertise in employee ownership while serving in a variety of roles before becoming Executive Director. Matt received his MA in History from UVM in 2011, where he studied economic history and the origins of cooperative finance. He's involved on a volunteer basis with a number of co-op projects, including as a board member of two real estate co-ops, as chair of an investment club, and as a member of a credit union supervisory committee. Matt lives in the New North End of Burlington with his partner and their son, and in his free time enjoys gardening, tinkering with electronics and sustainable energy tech, and spending nice days rolling around town on his bike at a leisurely pace. Connect with Matt Cropp: LinkedIn - https://www.linkedin.com/in/matt-cropp-9b9b5137/ Website - https://www.veoc.org/team Connect with Andy Farquhason: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@abettermonday.me…

Alternative Exit

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#6 | Championing Employee Ownership Trusts to Revolutionize Wealth Distribution with Jon Shell 39:15

37 weeks پیش39:15

39:15

Episode Summary: In this episode of The Alternative Exit Podcast, Andy sits down with Jon Shell, Chair of Social Capital Partners, to explore the transformative potential of employee ownership. Jon shares insights from his journey in advocacy and policy, recounting how he’s championed for Employee Ownership Trusts (EOTs) in Canada to address wealth inequality and business succession. His experiences highlight the advantages of EOTs, from preserving a company’s legacy to fostering economic resilience in the workforce. Tune in to discover the future of ownership and its role in reshaping business culture and social equity. Key Takeaways: How Employee Ownership Trusts empower business owners to leave a lasting legacy. The role of employee ownership in combating wealth inequality. Canada’s steps toward adopting EOTs for sustainable economic transitions. The tangible impact of majority-owned employee businesses in economic recessions. How Social Capital Partners leverages ownership funds for wider social outcomes. Resources Mentioned: Capital in the Twenty-First Century - https://www.amazon.com/Capital-Twenty-Century-Thomas-Piketty/dp/067443000X About Jon Shell: Jon Shell is Chair of Social Capital Partners (SCP) and has been advocating to bring Employee Ownership Trusts to Canada since the release of SCP’s report Building an Employee Ownership Economy in 2020. He’s a former small business owner and co-founder of the Canadian Employee Ownership Coalition. Jon was Managing Director of SCP from 2017-2023, leading the transition to our Ownership Agenda. He spent most of his career in the private sector before joining SCP, founding and growing successful companies in both Canada and Australia. Jon co-founded both Save Small Business and the Canadian Employee Ownership Coalition. Jon was first introduced to SCP when Bill supported a volunteer entrepreneurship project he was leading in Kenya in 2008. He received a BA from Queen’s University and an MBA from the Richard Ivey School of Business at Western University. Connect with Jon Shell: LinkedIn - https://www.linkedin.com/in/jon-shell-8952491 Website - https://www.socialcapitalpartners.ca/ Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@abettermonday.me…

Alternative Exit

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#5 | Revolutionising Business Exits with Employee Ownership Trusts with Derek Razo 34:22

38 weeks پیش34:22

34:22

Episode Summary: In this episode of The Alternative Exit Podcast, host Andy Farquharson talks with Derek Razo, Co-Founder and Managing Partner of Common Trust, about the transformative role of Employee Ownership Trusts (EOTs) in helping business owners transition ownership to employees while preserving company legacy and culture. Derek highlights the benefits of EOTs as an effective alternative to traditional exits, especially for small to mid-sized businesses, and shares how this model fosters a culture of collective ownership and profit-sharing. Join the conversation to understand how EOTs are not only changing business succession but also reshaping communities by promoting shared wealth. Key Takeaways: How EOTs empower employees to share in the company’s success. How employee ownership helps preserve business legacy and culture. Why EOTs are more accessible and scalable than ESOPs. How employee ownership transforms communities by creating local wealth. The essential role of an ownership culture in driving business resilience. Resources Mentioned: Text-Em-All - https://www.youtube.com/@TextEmAll About Derek Razo: Derek Razo, Co-founder and Managing Partner at Common Trust, is a leading expert in steward ownership transitions and has been instrumental in advancing the movement for purpose-driven business structures since 2016. He has co-founded influential organizations like Purpose International and Purpose US, which popularized the use of Perpetual Purpose Trusts for mission protection. He has served as an investor, advisor, and delivery partner for businesses shifting to stakeholder and purpose ownership models. With a computer science and business background from UC Berkeley, Derek’s diverse experience spans from founding cooperative and open source businesses to collaborating on community-led projects in affordable housing and indigenous-led funds. Connect with Derek Razo: LinkedIn - https://www.linkedin.com/in/derek-razo-b758a7270/ Website - https://www.common-trust.com/ Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@abettermonday.me…

Alternative Exit

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#4 | Unlocking Business Legacy Through Employee Ownership with Professor Ajay Bhalla 38:55

39 weeks پیش38:55

38:55

Episode Summary: In this episode of The Alternative Exit, Andy talks to Professor Ajay Bhalla, PhD, a Professor of Family Business at Bayes Business School and an expert in employee ownership. Ajay discusses the profound benefits and challenges of transitioning businesses to employee-owned models, drawing from both research and real-world examples, such as John Lewis and Make Architects. He emphasizes the importance of aligning employee ownership with company culture, maintaining profitability, and ensuring legacy. Ajay also explores how businesses can overcome financial challenges during this transition, with the right planning and external support. Don't miss this episode if you're curious about how employee ownership can boost engagement, foster innovation, and preserve business legacy. Key Takeaways: How successful employee ownership requires founders to trust in the profitability and sustainability of the business. Understanding the critical role that creating a strong employee culture plays in successful ownership transitions. Discovering how external patient capital can bridge the gap in financing employee buyouts. Learning about the flexibility and creativity employee-owned businesses gain during economic downturns. The importance of starting the transition to employee ownership early for a smooth and profitable process. Resources Mentioned: Employee Ownership Association in the UK - https://employeeownership.co.uk/ About Ajay Balla: Born into a third generation family business in India, Ajay is regarded as one of the leading global experts on family businesses and strategy. Over the past 25 years, Ajay has worked closely with family businesses across the world, advising them on issues ranging from family governance, succession, next generation engagement to digital transformation. He is currently a Chaired Professor of Family Business & Innovation and Director of Family Business Centre at Bayes Business School of City, University of London. He also sits on the board of Institute for Family Business (IFB) Research Foundation. His work stream on ownership has helped shape British government’s policy on promoting employee ownership. He has won multiple awards for his research including the most prestigious award for producing impactful research from Academy of Management and Charted Management Institute (CMI). Winner of multiple teaching awards, he is most passionate about helping next generation leaders build resilient family businesses. He is the co-author of Amazon Best-seller: The Resilient Decision Maker: Navigating Challenges in Business and Life. Connect with Ajay Balla: LinkedIn - https://www.linkedin.com/in/ajaybhalla/ Website - https://www.ajaybhalla.org/ Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@abettermonday.me…

Alternative Exit

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#3 | Achieving Financial Freedom Through Employee Ownership with James De le Vingne 39:45

42 weeks پیش39:45

39:45

In this episode of The Alternative Exit, Andy sits down with James De le Vingne, CEO of the Employee Ownership Association in the UK, to discuss the rise of employee ownership as a viable business model for succession. James shares how the introduction of the Employee Ownership Trust (EOT) has transformed the landscape for SMEs, allowing businesses to become financially free while benefiting employees and local communities. With examples of thriving employee-owned companies and discussions on the challenges and flexibility of the model, this conversation is a deep dive into the future of work and ownership. Tune in to learn why employee ownership might just be the future of business success. Key Takeaways: The flexibility of employee ownership models which allows businesses to customize them to fit their unique needs. How employee ownership shifts employee mindsets and improves workplace culture. Exploring how the Employee Ownership Trust (EOT) can help businesses achieve financial freedom while benefiting employees. The role of supportive legislation and professional services in facilitating the adoption of employee ownership models. Real-life examples of businesses thriving after transitioning to employee ownership and clearing their founder’s debt. About James De le Vingne: James is Chief Executive of the Employee Ownership Association, the UK’s leading voice on employee ownership, representing a sector that contributes between £30 to 40 bn a year to UK GDP as well as a membership organisation for UK businesses of private or public sector origin, that are wholly or partially owned by their employees. Previously James was Head of Development at Co-operatives UK and has a background in international development and local economic development. James is a Board member of Scotland for EO, an Executive Fellow of the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University and an RSA Fellow. Connect with James De le Vingne: LinkedIn - https://www.linkedin.com/in/james-delevingne/ Website - https://employeeownership.co.uk/ Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@abettermonday.me…

Alternative Exit

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#2 | Why Employee Ownership is the Key to Thriving Communities with John Abrams 31:28

43 weeks پیش31:28

31:28

Episode Summary: In this engaging episode of The Alternative Exit Podcast, host Andy interviews John Abrams, President and CEO of South Mountain Company, to explore the transformative power of employee ownership. John shares his company’s journey from a traditional business model to becoming an employee-owned cooperative, detailing the challenges, rewards, and cultural shifts involved. Through personal anecdotes and decades of experience, he illustrates how employee ownership fosters commitment, builds community, and creates a lasting positive impact. Tune in to hear John's insights on reshaping business leadership through shared responsibility and ownership. Key Takeaways: Learning how employee ownership transforms commitment and leadership within a company. Hearing the real-life challenges of transitioning from sole ownership to a worker cooperative. Understanding the role employee ownership plays in building a sustainable, community-driven company. Discovering the long-term impact of shared ownership on company culture and leadership succession. Resources Mentioned: The Company We Keep: Reinventing Small Business for Community, People and Place By John Abrams - https://www.amazon.com/Company-We-Keep-Reinventing-Community/dp/193149873 3 About John Abrams: John Abrams is the President and CEO of South Mountain Company, Inc., a forty-year-old employee-owned design and building company located on the island of Martha’s Vineyard, Massachusetts and the author of The Company We Keep: Reinventing Small Business for Community, People and Place (Chelsea Green Publishing, 2005). South Mountain Company is committed to a Triple Bottom Line, which means that people, planet, and profit are all equally important to them – balancing profits with environmental restoration, social justice, and community engagement. He’s also the Co-founder of Building Energy Bottom Lines (a peer group network of 60+ Northeast U.S. businesses in the architecture and construction industry), and I engage in a variety of forms of community activism, mostly involving affordable housing. John serves on the steering committee and executive committee of The Coalition to Create the Martha’s Vineyard Housing Bank and the board of Camp Jabberwocky. Connect with John Abrams: LinkedIn - https://www.linkedin.com/in/john-abrams-3bb94683/ Websites - https://www.southmountain.com/ and https://abramsangell.com/ Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@abettermonday.me…

Alternative Exit

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#1 Corey Rosen Reveals the Key to Employee Ownership Success 41:10

44 weeks پیش41:10

41:10

In this insightful episode of Alternative Exit , Andy chats with Corey Rosen, the Founder of the National Center for Employee Ownership (NCEO), to discuss the transformative power of employee ownership. Corey shares over 40 years of expertise, touching on the evolution of Employee Stock Ownership Plans (ESOPs), their role in enhancing employee engagement, and how they can be a practical and politically supported solution for business transitions. He also delves into the benefits of ownership culture for workers, businesses, and communities. Tune in to discover how employee ownership can revolutionize both businesses and the lives of employees, and why it might just be the solution many companies are looking for. Key Takeaways: The advantages of employee ownership in fostering a more equitable workplace and wealth distribution. Transforming companies by combining real ownership with high-involvement management systems. How tax benefits and ESOPs make employee ownership a practical exit strategy for business owners. Empowering employees by granting them access to critical financial information and involving them in decision-making processes. An overview of how employee ownership boosts productivity, reduces turnover, and promotes a stronger sense of community. Resources Mentioned: Beyond Engagement By Corey Rosen - https://www.amazon.com/Beyond-Engagement-Make-Business-Factory/dp/193822096X Equity: Why Employee Ownership is Good for Business By Corey Rosen, John Case, and Martin Staubus - https://www.amazon.com/Equity-Employee-Ownership-Good-Business/dp/1591393310 Employee Ownership in America by Corey Rosen, Katherine J. Klein, and Karen M. Young - https://www.amazon.com/Employee-Ownership-America-Organization-Management/dp/0669103071 About Corey Rosen: Corey Rosen is the Founder and an active staff member of the National Center for Employee Ownership (NCEO), a private, nonprofit membership, information, and research organization in Oakland, California. The NCEO is widely considered to be the authoritative source on broad-based employee ownership plans. He co-founded the NCEO in 1981 after working five years as a professional staff member in the U.S. Senate, where he helped draft legislation on employee ownership plans. He is the author or co-author of over 100 articles and numerous books on employee ownership, and co-author (with John Case and Martin Staubus) of Equity: Why Employee Ownership is Good for Business (Harvard Business School Press, 2005). He has appeared frequently on CNN, PBS, NPR, MSNBC, and other network programs; and is regularly quoted in the Wall Street Journal, the New York Times, BusinessWeek, and other leading publications. He has lectured on employee ownership on six continents. Connect with Corey Rosen: LinkedIn - https://www.linkedin.com/in/corey-rosen-3a8a8a4/ Website - https://www.nceo.org/ Connect with Andy Farquharson: LinkedIn - https://www.linkedin.com/in/andyfarquharson/ Instagram - https://www.instagram.com/andyfarq Website - https://abettermonday.me/ Email - andy@abettermonday.me…

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Alternative Exit « » Alternative Exit #27 | From Awareness to Action: Scaling EO Through Tech and Trust

Alternative Exit #27 | From Awareness to Action: Scaling EO Through Tech and Trust

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Alternative Exit #27 | From Awareness to Action: Scaling EO Through Tech and Trust