Remove Career Remove Development Remove ESOP Remove Industry
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Time to Sell Your Business? An ESOP May Be the Answer

Strategy Driven

Let’s assume you started a digital marketing agency, a realistic example, given this industry is hot. It’s easy to start out as a solo practitioner and build a company as the skills from one’s career are directly transferrable, and overhead is quite low. How does an ESOP work? What would this do to the company’s valuation?

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Treat Employees Like Business Owners

Harvard Business Review

And companies — except for the very smallest — can implement an employee stock ownership plan (ESOP), often funded through borrowing. Just look at the supermarket industry to see such ownership in action. “That’s something they can take with them as they move forward with their careers.”

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