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Tom's Thoughts this week...(20210402)



This week on our blog... 5 ESOP Advantages & Disadvantages

On the fence about ESOPs? The ESOP path is particularly appealing to those who wish to transfer their companies to known entities, perpetuate their current mission or culture, and keep their companies in their communities. In an attempt to provide a balanced article here, this blog contains some of the top reasons to consider an ESOP along with a few of the top reasons an ESOP may not be right for your business. READ MORE



This week on our podcast... ESOP Basics!


Host of the Maximize Business Value Podcast, Tom Bronson, is joined in this episode by Jason Luter, Attorney with Faegre Drinker, who specializes in employee stock ownership plans or ESOPs. The two discuss ESOP basics including what it is, the fiduciary standards and how it differs from other exit planning options. Tom emphasizes one of the biggest benefits is that it’s an internal transaction, so the transition process can happen smoothly. Listen now to get the inside scoop on ESOPs! Hope you catch it here or watch us on youtube. No time to listen, here is the transcript.

This week on my screen and on my mind...


Last Call! MasterYclass Webinar Registration! LINK

Don't miss next week's Maximize Business Value Webinar where I'll walk through the upcoming Spring Semester of our MasterYclass - as well as share my 7 steps to creating a Culture of Innovation. Register Here.

Phone Frustrations! LINK Jim Roddy is one of my favorite people... and I love it when he rants! Here's one he just published on phone frustrations for the Retail Solution Providers Association - but the lessons apply to any business! Alumni Recognition! LINK I made the list! Appalachian State University features former Mountaineers on their website, and the Maximize Business Value book is on the page. Check out my alma mater's alumni book list & scroll down the page to see my feature!



CHECK OUT THE MASTERY PARTNERS WEBSITE HERE FOR MORE RESOURCES

Whenever you’re ready, here are three ways I can help you maximize business value:

  1. Order my book Maximize Business Value, Begin with the Exit in Mind.  It provides the roadmap business owners need to start moving toward a successful transition. 

  2. Stay connected! Subscribe to my blog and podcast, follow me on LinkedIn and Facebook.  Stay current on what’s happening with today’s trends.  Not sure how to do that? Click here for a guide. 

  3. Reach out! I love helping solve business challenges!  Let’s chat!  SCHEDULE A CALL WITH ME if you want to better understand how we can help you maximize your business value or really anything else. 

Hope you are safe and maximizing business value!


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