How Does a Management Buyout Relate to an ESOP?
A “management buyout” is a buzz phrase currently used in many business discussions, and for good reason. The greatest generation of entrepreneurs in Canadian history will retire within the next 10 to 15 years, and these men and women are looking for a way to exit their companies in a way that meets their needs. Not only do they want to leave with an abundance of retirement funds, they also want to leave a legacy. They want to ensure the business they built and nurtured will thrive and continue to support the employees and enhance the community.
Postal Strike Looming – Is There a Better Way?
Admittedly, the business of Canada Post has changed dramatically in recent years, which is contributing to the looming postal strike. Moving away from paper-based communication and transactions has slowed the flow of business to Canada’s Postal Service. As consumers we have seen increased rates and cancelled home delivery as two public facing ways the public corporation has tried to make its business model make sense.
ESOPs Offer a Retirement Savings Solution
If Canada is facing a retirement savings crisis, then expansion of Canada Pension Plan (CPP) is only a small part of the solution. How else can we encourage Canadians to save for retirement? A model that’s proven to be extremely effective in helping more people build wealth while keeping businesses competitive is employee share ownership plans (ESOPs).
Beau’s Brewery Implements ESOP
Updated Dec 2022 On its 10th anniversary, the owners of Canada’s largest organic brewery, Beau’s All Natural Brewing Company, announced it will be selling the company to employees through an Employee Share Ownership Plan (ESOP). The owners, a father-and-son team, said selling to employees ensures the Vankleek Hill, Ont., brewery that has approximately 150 employees stays independent, an important factor for the founders.
Common Questions Owners ask about ESOPs
There are several common questions business owners ask us when first exploring an employee share ownership plan (ESOP). Learn the answers to these questions in this video we produced in partnership with SuccessionMatching.com:
Checklist: Is an ESOP a Good Fit For Your Company? – Part 2
Our experience shows there are key attributes that suggest a company is a good candidate for an employee share ownership plan (ESOP). Read through these questions to learn if an ESOP is a good fit for your company:
Checklist: Is an ESOP a Good Fit For Your Company? – Part 1
Our experience shows there are key attributes that suggest a company is a good candidate for an employee share ownership plan (ESOP). Read through these questions to learn if an ESOP is a good fit for your company:
- Canadian employee ownership, Employee Ownership, EOTs, ESOP Benefits, ESOPs in Canada, Retention, Talent attraction
How Employee Share Ownership Helps You Attract and Retain Key People
A majority of the companies we work with share that one of the major goals for implementing an employee share ownership plan (ESOP) is to attract and retain key people. While many owners know intrinsically that ownership will help with this important issue, their assumptions are backed by research.
B Corps and ESOPs – Best of Both Worlds
Updated December 2022 A new business certification called B Corp is becoming a leading business innovation, and the model works extremely well with an ESOP. B Corp companies have a mission to maximize “stakeholder value.” Stakeholders include employees, community and the environment, in addition to shareholders. Consider it like certification of a LEED building or Fair trade coffee, but for companies.
Does Happiness Create Success in Business?
In a meta analysis of 225 academic studies by Sonja Lyubomirsky, Laura King and Ed Diener (as reported in the 2012 Harvard Business Review) it was shown that happy employees have a higher productivity rate by 31%, increased sales by 37% and are 3 times more innovative and creative.
Should You Make The Scary Switch To Employee Share Ownership (ESOP)?
Should you make the scary switch to an ESOP? Or is it a scary switch? There is often a perception that inviting employees into the ownership circle can take away value, rather than adding value to a company. When designed well, this is not true at all. In fact, there are many huge advantages for the owner, the company and the employee team. Tema Frank of Frank Reactions interviewed Employee Ownership Specialist, Dan Ohler, from Edmonton, AB to explore these questions. We invite you to grab a cup of coffee, put on your headset, and enjoy the interview.
- Canadian employee ownership, Employee Ownership, Employee Ownership Trust, employee-owned company, EOTs, ESOP Benefits, ESOPs in Canada, Founding Owners, Owners, Retention, Succession planning, Talent attraction
Employee Ownership. Is It Right For You?
In our daily conversations with business owners and senior management, we receive lots of questions about employee ownership of business through an ESOP. Most fit into two categories characterized as: How do we implement an ESOP? We’ve got an ESOP. How do we keep it fresh and alive?
Is it the Right Time for Canadian Employee Ownership?
In our current economic condition in Canada, employee ownership can be extremely beneficial for employees, companies, and the greater economy. How so? Check it out.
ESOP plans in agriculture too
Employee Share Ownership Plans in Canada are often thought to work best in industries such as engineering, construction, high-tech, and famous little airline companies like the one based out of Calgary, AB. Any guesses?
Global Research Shows ESOPs Outperform During Recession
Recent studies from the United States and the United Kingdom illustrate the strength of companies with employee share ownership plans (ESOPs) compared to non-ESOP companies, especially in times of economic recession.
The Conversation Canada is Missing On Minimum Wage
Recently, B.C., Alberta and Ontario have committed to raising the minimum wage and predictably in all cases, these wage hikes are met with scorn and praise from both sides. While a minimum wage is an essential factor to protect workers and create a minimum standard of living, there is a better solution that Canada should be exploring to help more people build wealth and ensure a competitive economy.
- Canadian employee ownership, Communication, Culture, Employee Ownership, ESOP Benefits, ESOPs in Canada, participative culture
12 Successful Strategies for Creating a Participative Environment
Studies in the United States over the last 40 years have repeatedly identified that an employee share ownership plan (ESOP) with a participation component outperforms one without a participation element. Participation means that the employees take on the responsibility of their particular job as well as the accountability that goes along with it by participating in decision-making in their sphere of influence within the organization. Participation is vital to an ESOP. In fact, the same studies have shown that ESOPs without employee participation might be worse than having no ESOP at all. This negative result has been calculated at upwards of 6% of reduced production.
Welcome
Hello, We’re very pleased to introduce our new website! We hope you find everything you came for. If you have any questions related to anything you see here or are interested in learning more about ESOPs, ESOP Builders or just fancy a chat, please don’t hesitate to reach out directly at info@esopbuilders.com. Don’t forget to check our blog often, as we’ll be posting industry content, news, and notes that may benefit you! We look forward to blogging for you! –ESOP Builders
ESOP Builders
Canada's most comprehensive employee ownership advisory practice.
