Benjamin Tsai, director of the Worker Ownership Initiative at Nexus Community Partners, explains how EO allows you to retire with the assurance of a fair value for you, continued service for your customers and the community, and equity for your employees.
“With employee ownership, you’re accomplishing two things at once: You’re creating an opportunity to help build the business and keeping the business going beyond your ownership.”
“EO equals an Exit Opportunity that has a triple bottom line: supporting business owners, employees, and the local community.”
Most small business owners are relying on their business to fund their retirement security and may have overly optimistic beliefs about their current value. Only 20% of small businesses sell.
“They take pride in the company and in the work they do. I’ve seen employee-owners grow to a level that they might not have otherwise reached, had they not had the opportunity to be an owner.”
“The way to motivate people is through voice, autonomy, and empowerment. Employee ownership is a very important tool towards that.
75% of former business owners regret the sale of their business. Learn how EO can help you carry your legacy forward