The Business Exit Strategy Few Owners Understand … ESOPs with Katy Whitehead
E#55: In this episode of Budget Your Business, Scott Geller sits down with Katy Whitehead to break down how ESOPs (Employee Stock Ownership Plans) work and why they are becoming an increasingly popular succession strategy for business owners. They discuss how ESOPs can help owners preserve company culture, reward employees, maintain independence, and create a long-term transition plan without selling to an outside buyer. Katy also explains the financial structure behind ESOPs, the role of cash flow and valuation, how employees benefit from ownership, and the key factors business owners should…
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