Gut + Science - Real Talk With Ceos On Culture, Data, And Decision-making

Truth You Can Act On: Align yourself with a group of trusted advisors who are experts in all business areas to support the ESOP consideration and implementation process. [00:19:50] I think having good advisors who can help support your process and think through what you're wanting to achieve, I think can help unearth whether an ESOP it should be on the table or not. [00:20:00] Get to know the difference between partial ESOPs and full ESOPs. [00:09:37] So a full ESOP transition would be one where 100% of the company shares are sold to the ESOP in a single transaction. [00:09:47] [00:10:12] What's so interesting about a partial ESOP is they can be part of a a step by step process to become a hundred percent employee owned. Eventually if a seller wants to have a longer term process in place to accomplish that, but alternatively, they can also just be remain a minority ESOP where the purpose is to introduce an element of employee ownership into a company. [00:10:39] Start communication with all employees a