Journey to an ESOP & Beyond
Jason Miller & Makenzie Wirth
ESOPs are gaining traction. In the "Journey to an ESOP & Beyond” podcast, Doeren Mayhew's Jason Miller and Makenzie Wirth explain the process of the ESOP transaction and address ESOPs from a business owner's perspective. They illuminate the simplicity of ESOPs and debunk common misconceptions that ESOPs are immensely costly and complicated.--“Doeren Mayhew" is the brand name under which Doeren Mayhew Assurance and Doeren Mayhew Advisors, LLC and its subsidiary entities provide professional services. Doeren Mayhew Assurance and Doeren Mayhew Advisors, LLC (and its subsidiary entities) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. Doeren Mayhew Assurance is a licensed independent CPA firm that provides attest services to its clients, and Doeren Mayhew Advisors, LLC and its subsidiary entities provide tax and business consulting services to their clients. Doeren Mayhew Advisors, LLC, DM Payroll Solutions, Doeren Mayhew Capital Advisors and their subsidiary entities are not licensed CPA firms.
Episodes
Mentioned books
Apr 6, 2020 • 24min
Ep11 - Interview with Bonding Agent with ESOP experience - Margie Morris from Guignard Company
This interview within the surety/bonding industry covers a lot of the areas that a contractor should be aware of if they are transitioning to an ESOP. It is important to better understand working capital, personal indemnity, and surety focal points from a seasoned bonding agent's perspective.
Apr 3, 2020 • 21min
Ep10 - We The People - "Employees" - Cultivating Talent for your ESOP
Ep10 - We The People - "Employees" - Cultivating Talent for your ESOPThis episode explores the value of one your business' greatest assets with a practical and objective way of cultivating that talent in alignment with your specific business.
Mar 19, 2020 • 22min
Ep9 - Interview with an Orlando ESOP Attorney - Jay Van Heyde
This episode provides insight for the listener from the perspective of an ESOP attorney located in Orlando Florida including cost, complexity issues, warrants and ESOP document plans.
Mar 18, 2020 • 22min
Ep8 - Time in a bottle - Effects on a business valuation
This episode focuses on the current time we are in and how the changes in interest rates affect your business valuation for companies moving towards an ESOP
Mar 13, 2020 • 23min
Ep7 - Mt. Everest part 2 - Revenue Planning
This episode is part 2 of the revenue planning entitled Mt. Everest. It focuses on the quality of revenue and specific categories to consider that impact your business valuation for companies going ESOP.
Mar 9, 2020 • 20min
Ep6 - Mt. Everest Part 1 - Revenue Planning
Episode 6 - Mt. Everest - join the journey to an ESOP with part 1 of a 2 part series on building revenue plans to climb high towards your goal of selling to an ESOP.
Mar 5, 2020 • 22min
Ep5 - Nostradamus - Forecast Financial Information
Exploring the critical role of financial forecasting in ESOP valuations, creating reliable financial forecasts, strategic forecasting for ESOP companies, importance of forecasting cash flows for debt servicing and valuation process, various strategies for forecasting financial data in business
8 snips
Mar 1, 2020 • 24min
Ep4 - ESOPportunity - Episode 4
Explore the benefits of transitioning to an ESOP and the strategic decision-making process involved. Understand the emotional and financial aspects of business ownership and succession planning, along with the entrepreneurial spirit and opportunities of ESOPs. Delve into the advantages for business owners, including retirement planning, tax benefits, and enhancing employee motivation.
Feb 24, 2020 • 23min
Ep3 - Management Transition Planning - The continuum part 2
Exploring the crucial role of management transition planning in ESOPs and business valuation, lessons learned from a high school swim team, clarifying job functions beyond titles, essential elements of effective management transition planning, CEO's critical roles in business development and talent acquisition
Feb 19, 2020 • 19min
Ep2 - Management transition planning - The continuum
Exploring the benefits of ESOPs and the importance of management transition planning, dispelling misconceptions. Emphasis on intentional planning and delegation for successful transitions. Addressing challenges in lean business operations and the psychology of delegation. Importance of accountability in management transition and fostering behavior change.
