As a small business owner, you’ve worked hard to build your business and now you are looking toward the next chapter. Maybe retirement is on the horizon or, perhaps, you are just ready for something new. Selling your business to your employees ensures you get a competitive value for your life’s work.
Selling your business, or even passing it along to a family member, isn’t always easy or guaranteed, though. In fact, 80% of businesses never sell, and only a small percentage of businesses are passed down from generation to generation.
After three decades in business, Optimax CEO Rick Plympton was ready to turn an eye to succession. In this EO Equals webinar, Rick explains why transitioning to an employee ownership, or EO, model was best for Optimax. Today, EO guarantees financial stability and growth for Optimax, while preserving their employee-focused legacy.
Alison Lingane, Project Equity
Rick Plympton, Optimax