@Michael Kerr and @Andy Farquharson dive into #employeeownership

Andy founded @abettermonday and hosts the @alternativeexit podcast.

They discuss;

• Why Employee Ownership is such a viable exit strategy for small business owners
• The benefits of EO for;
• How EO has the potential to bridge wealth disparities and enhance productivity

The conversation also covers what's needed to increase the number of successful EO transitions, including;

1. The importance of engaging employees in the ownership transition process
2. The need for a supportive regulatory framework, and
3. The cultural shifts required for successful implementation.

Key takeaways

• Employee ownership can sustain small businesses and local economies.
• There is a significant productivity increase in employee-owned businesses.
• Employee ownership requires a cultural shift within organizations.
• Education and access to data are crucial for employee engagement.
• Employee ownership can help bridge wealth disparities in communities.
• Transitioning to employee ownership needs capital and management expertise.
• The regulatory environment must support employee ownership models.
• Employee ownership is viable for various types of businesses.
• Engaging employees early in the ownership conversation is essential.
• Local investment can enhance the success of employee-owned businesses.

Chapters

00:00 Exploring Employee Ownership as an Exit Strategy

03:15 Andy Farquharson's Journey to Employee Ownership

08:04 The Benefits of Employee Ownership for All Stakeholders

10:33 The Role of Benevolent Owners in Employee Ownership

15:33 Addressing Wealth Disparity and Worker Disengagement

19:11 Implementing the Owner Operating System

24:10 Common Misunderstandings About Employee Ownership

26:24 Engaging Owners in the Employee Ownership Conversation

29:44 The Importance of Open Communication in Business Sales

30:36 Aligning Incentives for Employee Engagement

32:35 Preparing Businesses for Sale: Cultural Changes

34:25 The Psychological Barriers of Exit Planning

35:04 The Challenge of Business Improvement

36:25 Employee Ownership: A Fit for All Businesses?

39:48 The Continuum of Employee Ownership Models

42:00 The Role of Small Business Owners

44:39 Engagement Levels in Employee Ownership

45:25 Bringing European Employee Ownership Models to Australia

47:19 The Impact of Employee Ownership in Regional Communities

49:27 Key Conditions for Successful Employee Ownership

51:00 Top Priorities for Small Business Policy

54:18 OTO outro 15-4-25.mp3

@kerrcapital

Thanks for listening. Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show.

Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes.

Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.

michael.kerr@kerrcapital.com.au

www.ownertoownerpodcast.com.au

@Rebecca Barnett serendipitously acquired the @Maldon Bakery The Bakery is 154 years old and also the oldest continuously running bakery in Australia. It's a hell of a legacy to take on!

Find out how serendipity led her to this historic gem, her challenges in reviving its legacy, and the continuous improvement model that drives her success. From leveraging family history in baking to navigating the complexities of running a business, Rebecca shares her insights on;

• entrepreneurship
• the importance of community support
• the value of mentorship
• the art of baking

Tune in to learn how passion and vision can turn a dream into reality.

@kerrcapital

Thanks for listening. Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show.

Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes.

Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.

michael.kerr@kerrcapital.com.au

www.ownertoownerpodcast.com.au

@Michael Kerr talks with @Nigel Purchase founder of Chase Basketball. Nigel and his team have just celebrated a 25 year business birthday. A mighty fine effort for this #familybusiness. Nigel is all in on his business. It's his passion, it's his superannuation and he still loves going to work!

In the discussion Nigel reflects on the 25-year journey, talks about his still strong passion for coaching and the positive impact it has on young athletes. He discusses the challenges he faced in the early days, the importance of mentorship, and the unique dynamics of running a family business.

The conversation also touches on;

• the significance of community
• his own business philosophy
• the joy of doing what you love and the importance of building a supportive team.

Takeaways;

• Early challenges included navigating the popularity of basketball in a competitive sports market.
• Mentorship played a crucial role in his business development.
• Family involvement is key to the business's culture and success.
• Community and belonging are central to the mission of Chase Basketball.
• Growth is important, but it should not compromise the quality of the programs.
• A positive work culture is fostered through recognition and support
• Contentment with one's business and life is a significant achievement.

Chapters

00:00 The Journey of Chase Basketball

09:19 Challenges and Growth in Business

12:36 The Importance of Mentorship

16:08 Family and Community in Business

20:22 Future Generations and Legacy

23:32 Finding Fulfillment in Business

28:41 Reflecting on Purpose and Value

30:02 Business as a Personal Superannuation

32:33 The Balance of Growth and Contentment

35:35 Finding Joy in Business and Community

39:04 Future Aspirations and Growth in Basketball

43:46 Philosophy of Business and Leadership

49:10 Navigating Politics and Small Business Challenges

@kerrcapital

Thanks for listening. Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show.

Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes.

Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.

michael.kerr@kerrcapital.com.au

www.ownertoownerpodcast.com.au