Building "A" grade teams. Employee rewards are a great way to rocket your business to new levels. Staff retention and quality improvements align with business goals.
Instilling ownership values and ownership mindset in employees is a vital part of any successful ESOP.
Designing what works best for your business and implementing the vision leads to great outcomes. ESOP's provide a flexible agreement and understanding where everyone is aligned.
Understanding the key drivers and motives of your business model and business vision lead to the best outcomes from an ESOP. This requires a deep understanding of why one type of ESOP works for your business compared to another type.
Business owners are sometimes concerned about giving up control, worrying about if this or if that happens, is this person the right person, showing financial reports and so on. What we know is that a well designed ESOP enhances your business and reduces risk.
ESOP's can be designed to be flexible and align with the goals of the founders and business owners. ESOP's are not designed to trap you into something, they are designed to enable growth and wealth for all stakeholders.
The destination is significantly greater than what was possible before the ESOP. This happens because there is a shared and vested interest, creating a synergy between owners and employees. At its most basic its about teamwork and shared passions.
The magnitude of extra value starts to looks something like; No ESOP = A, With ESOP = A+X(x being multiplier of success). Getting from A to A+ takes teamwork, planning, guidance and expertise.
