Journey to an ESOP & Beyond
ESOPs are gaining traction. In the "Journey to an ESOP & Beyond” podcast, Phillip Hayes explains the process of the ESOP transaction and addresses ESOPs from a business owner’s perspective. The "ESOP Guy" illuminates the simplicity of ESOPs as he debunks common misconceptions that ESOPs are immensely costly and complicated.
Episodes
190 episodes
EP25 - Pink Panther - The Strangeness of ESOP Negotiation
In this podcast episode we use a classic scene from the movie “Pink Panther” which highlights using the “American” French accent to illustrate the strangeness related to an ESOP negotiation. In ESOP transactions it is important to underst...
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Season 5
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Episode 25
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37:21
EP24 - The Power Of Monthly ESOP Communication With Diana Clark
This episode we invite Diana Clark, who specializes as a full-time ESOP communication’s consultant, to provide a framework to understand the power of frequent and effective communication around employee ownership. If you are brand new to ...
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Season 5
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Episode 24
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49:59
EP23 - Inside Out - Part 2 - Inside Note vs. Outside Note
This episode is part 2 of discussing the inside note versus the outside note on an ESOP transaction. We feature the recently released part 2 of Inside Out - as it is an excellent sequel in the story of how human emotions can play into how...
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Season 5
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Episode 23
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40:45
EP22 - ESOPs for the Construction Industry – interview with Joe Hurt of RLH Construction, a 100 percent ESOP
This episode represents the 2nd interview with Joe Hurt of RLH Construction. Joe discusses some of the challenges and opportunities of an established ESOP. A few years into their ESOP, RLH Construction has experienced very strong re...
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Season 5
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Episode 22
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50:50
EP21 - Inside Out: Inside Note Vs. Outside Note - Part 1
This episode provides clarification to the difference between an inside note and an outside note. In an ESOP transaction there will be two types of notes created when the transaction occurs. This episode is part 1 of 2 episodes.&nbs...
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Season 5
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Episode 21
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36:04
EP20 - Corey Rosen with NCEO - An Update on ESOPs
On the podcast this week, we interview Corey Rosen, the founder of NCEO and a huge contributor to ESOPs discusses the updates and trends relative to ESOP companies. Through our discussion, Corey highlights the expansion of ESOPs as the fi...
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Season 5
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Episode 20
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48:23
EP19 - Miss Peregrine Home for Peculiar Children-Motivations for an ESOP
In this episode we discuss the motivations for selling your business to an ESOP. The focus of this episode is to help better understand the reasons to choose an ESOP. The episode was encouraged by the experiences of working through ...
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Season 5
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Episode 19
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36:58
EP18 - Dealing with Mature ESOPs, Repurchase Liability, Changes in Economy, and Re-leveraging - Discussion with Renee Jenkins with Holiday Builders
This episode will be very informative through the long-tenured experience of Renee Jenkins with Holiday Builder’s ESOP. Renee has been a long-time employee of the company managing the Finance/HR Branch. On this episode of the Podcast, we ...
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Season 5
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Episode 18
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44:51
EP17 - Quigley Down Under - Taking the Long Shot - Preparing for a Successful ESOP
We find that once an ESOP closes, there is some degree of uncertainty on the next steps. In this episode, we focus on the ESOP closing guide to prepare clients on the correct ways to implement the organizational structure and timeline of a succ...
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Season 5
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Episode 17
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33:29
EP16 - ESOPs and Private Equity - Discussion with Jason Miller
On this episode, Jason Miller (former National Director of ESOPs for Bank of America) and I explore the “Expanding ESOP Initiative” that was recently aired on 60 Minutes. The focus of this podcast is to provide an update as to what is hap...
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Season 5
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Episode 16
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46:38
EP15 - Bridge Over Troubled Water - The Historical Cash Flow and Forecasted Cash Flow Connecting To Your Valuation for an ESOP
This episode focuses on the development of an expected valuation to help a shareholder understand selling their shares to an ESOP. When the historical average cash flow is much lower than the forecasted cash flow, the negotiated fair mark...
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36:40
EP14 - ESOP Communication - Interview with Diana Clark
This episode is a general overview of ESOP communication. Diana Clark and I discuss the importance of communicating an ESOP transition to your employees. We discuss how to present an ESOP to your company, answering the questio...
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Season 5
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Episode 14
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45:54
EP13 - Randy Macho Man Savage - Bring Down or Take Down Call For An ESOP Transaction
Randy Macho Man Savage was a childhood hero who my brothers and I constantly impersonated while watching WWF wrestling. For a time, I didn’t realize it was choreographed fighting and not a real fight. This podcast episode uses this pictur...
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Season 5
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Episode 13
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30:44
EP12 - ESOP Experience with Nancy Pratt at Frederick Derr & Company - a 100 percent Employee-Owned Company
This podcast episode features Nancy Pratt, CFO of Frederick Derr and Company. They are a construction company out of Sarasota, FL who closed on a 100 percent ESOP transaction at the end of 2023. The episode is our first interview fr...
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Season 5
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Episode 12
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50:10
EP11 - Titanic - Avoiding The Icebergs On Your ESOP
This podcast is all about designing your ESOP so the company can be successful and avoid any potential pitfalls. Through the episode, we get to celebrate the movie: “Titanic” (Spoiler alert - the ship sinks at the end). One of the aspects of ES...
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Season 5
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Episode 11
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37:03
EP10 - ESOP Trustee Interview - Bill Kropkof
This episode we dive into the very essential role of the transaction/ongoing ESOP trustee with Bill Kropkof out of Dallas TX. Bill’s background includes time with the Department of Labor - so he brings a perspective that is very helpful t...
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Season 5
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Episode 10
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40:31
EP9 - Tin Cup - ESOPs - The Road Less Travelled
In this episode, I discuss the tension of making these choices around ESOP - but not just the path of an ESOP. This episode is to discuss some general ideas around what shareholders face when making decisions towards how they go about the...
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Season 5
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Episode 9
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33:45
EP8 - ESOP Experience - Interview With Dale Hobbs of Hobbs Madison 100% ESOP
On this episode - Dale Hobbs founder of Hobbs Madison - consulting firm discusses him and his partner (Gary Madison’s) journey to an esop. Dale and I discuss the process that we worked through to sell 100 percent of their stock to a newly...
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Season 5
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Episode 8
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40:17
EP7 - Don’t Worry Be Happy - The Holistic ESOP Plan
On this episode I have been re-inspired by this great song to focus on why holistic planning your ESOP should minimize your worry of selling your stock during your journey to an ESOP. As we go through the planning process, there simply ar...
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Season 5
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Episode 7
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45:51
EP6 - Why EOS Goes Well With ESOPs… EOS Worldwide CEO - Mark O’Donnell
I have been talking about EOS for years - so helpful to get to interview Mark O’Donnell, CEO of EOS Worldwide to discuss how Traction has made such an impact with companies executing strategically and implementing innovation at the highes...
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Season 5
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Episode 6
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48:10
EP5 - Mutiny on the Bounty - Communicating Positively With Key Employees Along Your Journey to An ESOP.
This episode is focused on addressing a super common question with companies going through the ESOP process with their key people. Proactive communication is really the best way to approach your key people - however the question is when s...
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Season 5
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Episode 5
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41:29
EP4 - EOX - Interview with Steve Storkan - ESOP Education And EOX Mission
In this episode - I interview Steve Storkan and their approach at EOX, an organization founded out of the NCEO to develop state employee ownership educational resources to support companies considering ESOP as an option. Their approach is...
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Season 5
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Episode 4
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40:14
EP3 - Jumanji - Reality of Communicating ESOP to Employees
In this episode, we jump right into the expanded version of Season 5 by dealing some factors related to communicating the ESOP to your employees. Jumanji is an ideal movie to explain that there is something that changes after an ESOP that...
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Season 5
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Episode 3
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33:12
EP2 - ESOP Committees - Interview with employees of ESOP company Smooth Fusion
This episode is really meant to get at the heart of what defining employee communication for ESOPs. We interview employees that are volunteering at Smooth Fusion - an ESOP company out of Texas - to participate in a newly formed esop commi...
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Season 5
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Episode 2
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46:59
EP1 - Journey to an ESOP & Beyond - Special Message
This episode officially kicks off the Season 5 and the expansion of the podcast as a direct resource for Employee Stock Ownership Plans. The Journey to an ESOP just became better because we are incorporating “& Beyond” to discuss not ...
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Season 5
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Episode 1
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36:39