Alternative Exit
Alternative Exit is a dedicated to educating small business owners about the possibilities, benefits, and challenges of transitioning to an employee ownership model.
There are over 200m SMEs with an owner who will be retiring in the next 10 years, many of which will never find a buyer for their business, forcing them to close their doors.
There is an alternative. This show will explore various the different forms of employee ownership and best practices for successful transitions.
Each episode features interviews with experts in employee ownership, business owners who have made the transition, and consultants who facilitate these changes.
Alternative Exit
Alternative Exit #8 | Creating Lasting Legacies with Employee Ownership Trusts with Chris Budd
Episode Summary:
In this episode of The Alternative Exit Podcast, Andy Farquharson interviews Chris Budd, founder of the Eternal Business Consultancy, to explore how employee ownership trusts (EOTs) can help business owners preserve their legacy and build enduring organizations. Chris shares his journey from business owner to employee ownership advocate, emphasizing the importance of planning, preparation, and engaging employees in the process.
Through Chris’s insights, listeners gain a comprehensive view of EOTs as a viable path for business continuity and employee engagement. Don’t miss this episode for a deep dive into creating a lasting legacy through employee ownership.
Key Takeaways:
- The importance of aligning purpose with employee ownership.
- How EOTs offer a path to sustainable legacy-building.
- Preparation to ensure smooth employee ownership transitions.
- How employee voice strengthens business culture.
- Guide founders on how to step back and let employees lead.
Resources Mentioned:
- The Eternal Business - https://theeternalbusiness.com/the-book/
About Chris Budd:
Chris started out as a self-employed independent financial adviser in 1998 (incorporating as Ovation on 1st January 2000) with a strong vision. At the time, financial advice was all about product sales and high up-front commissions. Chris believed that financial advice should be more about planning and a long-term relationship with clients. At the time, he was laughed at (quite literally) for these ideas. All these years later, Ovation delivers planning and advice in a way that makes Chris and our wonderful team very proud.
The Managing Director of Ovation for 20 years, Chris also founded the Initiative for Financial Wellbeing, the Eternal Business Consultancy and the Backwell Flax Bourton Cricket Club youth section. Now, as Chair, Chris supports the amazing employees of Ovation. He loves the fact that everyone here believes in the core purpose he set out to achieve: helping clients to be happier.
Connect with Chris Budd:
- LinkedIn - https://www.linkedin.com/in/chris-budd-80b75413/
- Website - https://theeternalbusiness.com/
Connect with Andy Farquhason:
- LinkedIn - https://www.linkedin.com/in/andyfarquharson/
- Instagram - https://www.instagram.com/andyfarq
- Website - https://abettermonday.me/
- Email - andy@abettermonday.me