Can You Keep Employees by Giving Them Shares? Employee Shareholders Investing Governance

[@nonnywinner5039]

Thank you David for great video. I have explored making employees part owners of business and it didn't go well. First problem, some telling you how to run your business. Second are there work quality declining. Third, the pain, process & procedure to get them out of your business. I'm with you on the advice. Also, best to implement generous bonuse structures and programs that rewards your business movers and shakers!

[@DavidCBarnett]

Thanks for sharing! I've seen many examples of the points you shared.

[@seanlee2278]

Great video. I wonder what’s the best way to hold the key employees when acquiring a small business. Can we put it in our terms these players have to remain in the company for x number of years? If so, how do we structure the deal? And what’s the benefit for these key employees to agree on these terms? Is this the seller’s work to persuade them?

[@DavidCBarnett]

Nobody owns people. You need to be the leader that people want to stay and follow.

[@tymic437]

Thank you. I needed this

[@DavidCBarnett]

Glad it was helpful Ty.

[@TruthSpeaker3]

Good stuff, thanks

[@DavidCBarnett]

Glad you enjoyed it.

[@DonRonLyfeStyles]

Good Video 💯

[@DavidCBarnett]

Thank you!

[@jerryjerry9848]

Hello ! Have you talked about establishing an ESOP plan! I know a founder who “cashed out” quite “smoothly” from an IT services firm utilizing this. I’m assuming that the same governance issues immediately come into play upon the establishing of ESOP I appreciate your advice! One instinctively suspects that the “no money down” Business Buyer “Consultants” are peddling nonsense ! You provide an intelligent, entertaining, “broken down” analysis while providing real world hypothetical and actual experienced scenarios to this complex world !

[@DavidCBarnett]

Thanks Jerry for your kind words! As a matter of fact, the ESOP path was discussed at length in a live cast I did just last week. You can see it here: kzbin.info/www/bejne/hKOroqeFjLt4b8k