In today's episode Jim talks with Jonathan Orpin, founder and co-owner of New Energy Works and Pioneer Millworks about operating your business sustainably on multiple fronts by implementing the Triple Bottom Line Company model. This practice focuses on balancing People, Profits, and the Planet.
First, Jim digs into what a sustainable business is from a business management perspective. Jim and Jonathan discuss why the triple bottom line emphasizes people AND profits. They turn their discussion toward aging out of your business sustainably by creating an Employee Stock Ownership Plan that rewards your workers with ownership, and leaves the former owner/founder with a sense that their company is in good hands.
In the second part of the episode Jim and Jonathan dig into the flexible definition of sustainability. They have a great talk on what it means to focus as much energy and resources into stewarding the planet as generating profit.
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