Is an employee stock ownership plan right for your small business?
February 17, 2017
Michael Rogers, communications officer for the Small Business Association of Michigan, talks with Tom Olive, president of Crystal Flash, a small company that provides energy to customers across the Great Lakes region. Tom discusses their employee stock ownership plan (ESOP), implemented in 2016 when the Fehsenfeld family decided to transition their interest in the company after more than 80 years and three generations of leadership.
The Small Business Association of Michigan’s Entrepreneurial Insights every week presents a dynamic audio interview from a top-notch expert on entrepreneurial success. Hear great tips and advice on how to be a more effective small business owner. Get a new episode every week by subscribing via iTunes.
Also available is SBAM Shorts, a weekly show that presents quick suggestions on saving money, getting more customers and operating more efficiently. Each program is brief – running 60 seconds or less. It can also be found on iTunes.
SBAM has three other audio programs that can help you be a successful small business owner. Business Next, This Month in Small Business (with small business advocate Chris Holman) and This Month in Small Business Technology (with Linda Daichendt, executive director of the Mobile Technology Association of Michigan) are produced in cooperation with the Michigan Business Network and can be found at michiganbusinessnetwork.com.