Owner To Owner Podcast

A stronger SME economy, higher business productivity and broader wealth creation through Employee Ownership: Andy Farquharson.

@Michael Kerr [https://www.linkedin.com/in/michaeljkerr-small-business-adviser/] and @Andy Farquharson [https://www.linkedin.com/in/andyfarquharson/] dive into #employeeownership Andy founded @abettermonday [https://abettermonday.me/]  and hosts the @alternativeexit [https://www.youtube.com/watch?v=NN3zuCyTo2A] podcast.  They discuss; * Why Employee Ownership is such a viable exit strategy for small business owners  * The benefits of EO for; * How EO has the potential to bridge wealth disparities and enhance productivity The conversation also covers what's needed to increase the number of successful EO transitions, including; 1. The importance of engaging employees in the ownership transition process 2. The need for a supportive regulatory framework, and  3. The cultural shifts required for successful implementation.  Key takeaways * Employee ownership can sustain small businesses and local economies. * There is a significant productivity increase in employee-owned businesses. * Employee ownership requires a cultural shift within organizations. * Education and access to data are crucial for employee engagement. * Employee ownership can help bridge wealth disparities in communities. * Transitioning to employee ownership needs capital and management expertise. * The regulatory environment must support employee ownership models. * Employee ownership is viable for various types of businesses. * Engaging employees early in the ownership conversation is essential. * Local investment can enhance the success of employee-owned businesses. Chapters 00:00 Exploring Employee Ownership as an Exit Strategy 03:15 Andy Farquharson's Journey to Employee Ownership 08:04 The Benefits of Employee Ownership for All Stakeholders 10:33 The Role of Benevolent Owners in Employee Ownership 15:33 Addressing Wealth Disparity and Worker Disengagement 19:11 Implementing the Owner Operating System 24:10 Common Misunderstandings About Employee Ownership 26:24 Engaging Owners in the Employee Ownership Conversation 29:44 The Importance of Open Communication in Business Sales 30:36 Aligning Incentives for Employee Engagement 32:35 Preparing Businesses for Sale: Cultural Changes 34:25 The Psychological Barriers of Exit Planning 35:04 The Challenge of Business Improvement 36:25 Employee Ownership: A Fit for All Businesses? 39:48 The Continuum of Employee Ownership Models 42:00 The Role of Small Business Owners 44:39 Engagement Levels in Employee Ownership 45:25 Bringing European Employee Ownership Models to Australia 47:19 The Impact of Employee Ownership in Regional Communities 49:27 Key Conditions for Successful Employee Ownership 51:00 Top Priorities for Small Business Policy 54:18 OTO outro 15-4-25.mp3 @kerrcapital [www.kerrcapital.com.au]   Thanks for listening.  Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show. Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes. Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business. michael.kerr@kerrcapital.com.au [michael.kerr@kerrcapital.com.au] www.ownertoownerpodcast.com.au [www.ownertoowner.com.au]

Acquired serendipitously, and then transformed: Rebecca Barnett's 154 year old Maldon Bakery acquisition.

@Rebecca Barnett [https://www.maldonbakery.com.au/story] serendipitously acquired the @Maldon Bakery [https://www.facebook.com/maldonbakery/]  The Bakery is 154 years old and also the oldest continuously running bakery in Australia. It's a hell of a legacy to take on! Find out how serendipity led her to this historic gem, her challenges in reviving its legacy, and the continuous improvement model that drives her success. From leveraging family history in baking to navigating the complexities of running a business, Rebecca shares her insights on; * entrepreneurship * the importance of community support * the value of mentorship * the art of baking  Tune in to learn how passion and vision can turn a dream into reality. @kerrcapital [www.kerrcapital.com.au] Thanks for listening.  Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show. Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes. Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business. michael.kerr@kerrcapital.com.au [michael.kerr@kerrcapital.com.au] www.ownertoownerpodcast.com.au [www.ownertoowner.com.au]

My small business is my superannuation: Nigel Purchase founder Chase Basketball

@Michael Kerr [https://www.linkedin.com/in/michaeljkerr-small-business-adviser/]talks with @Nigel Purchase [https://chasebasketball.com.au/] founder of Chase Basketball. Nigel and his team have just celebrated a 25 year business birthday. A mighty fine effort for this #familybusiness.  Nigel is all in on his business. It's his passion, it's his superannuation and he still loves going to work! In the discussion Nigel reflects on the 25-year journey, talks about his still strong passion for coaching and the positive impact it has on young athletes. He discusses the challenges he faced in the early days, the importance of mentorship, and the unique dynamics of running a family business.  The conversation also touches on; * the significance of community * his own business philosophy * the joy of doing what you love and the importance of building a supportive team. Takeaways; * Early challenges included navigating the popularity of basketball in a competitive sports market. * Mentorship played a crucial role in his business development. * Family involvement is key to the business's culture and success. * Community and belonging are central to the mission of Chase Basketball. * Growth is important, but it should not compromise the quality of the programs. * A positive work culture is fostered through recognition and support * Contentment with one's business and life is a significant achievement.     Chapters 00:00 The Journey of Chase Basketball 09:19 Challenges and Growth in Business 12:36 The Importance of Mentorship 16:08 Family and Community in Business 20:22 Future Generations and Legacy 23:32 Finding Fulfillment in Business 28:41 Reflecting on Purpose and Value 30:02 Business as a Personal Superannuation 32:33 The Balance of Growth and Contentment 35:35 Finding Joy in Business and Community 39:04 Future Aspirations and Growth in Basketball 43:46 Philosophy of Business and Leadership 49:10 Navigating Politics and Small Business Challenges @kerrcapital [www.kerrcapital.com.au] Thanks for listening.  Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show. Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes. Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business. michael.kerr@kerrcapital.com.au [michael.kerr@kerrcapital.com.au] www.ownertoownerpodcast.com.au [www.ownertoowner.com.au]

From Corporate to Small Business Owner and back to Corporate: What Elise Heslop learned along the way.

Host @Michael Kerr [https://www.linkedin.com/in/michaeljkerr-small-business-adviser/] and guest @Elise Heslop [https://www.linkedin.com/in/elise-heslop-85187514/] talk through how and why Elise transitioned from a 'safe and secure' corporate role to life as an entrepreneur. After taking a family sabbatical in Italy, she founded Ply Room, a values-based furniture business. After she successfully sold Ply Room she's headed back to a new role in Corporate as Head of Marketing for @earlypay [https://www.earlypay.com.au/]. A full circle with lots of challenges overcome, lessons learned, and pivotal moments.  We dig deep into her experiences of being a solo founder and owner of a #smallbusiness; * The importance of trusting your instincts to the realities of running a small business * Finding resilience and adaptability * The highs and lows of business ownership * The courage it takes to follow your own path * Elise's family sabbatical in Italy as a pivotal moment in her career * The realities of small business ownership - loneliness, stress * Trying to find balance between business and personal life * Elise shares insights on finding a supportive network * What it's like to start then sell a business  Chapters * 00:00:00 Introduction to Elise Heslop * 00:03:00 From Corporate to Entrepreneurship * 00:09:00 Founding Ply Room * 00:15:00 Challenges and Lessons Learned * 00:21:00 The Importance of Instincts * 00:27:00 Balancing Business and Personal Life * 00:33:00 Conclusion and Reflections @kerrcapital [www.kerrcapital.com.au]     Thanks for listening.  Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show. Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes. Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business. michael.kerr@kerrcapital.com.au [michael.kerr@kerrcapital.com.au] www.ownertoownerpodcast.com.au [www.ownertoowner.com.au]

Enhancing Business Value with Employee Ownership: Craig West Founder of Succession Plus

In this compelling episode of "Owner to Owner," host Michael Kerr dives deep with Dr. Craig West, the visionary founder of Succession Plus. Together, they unpick the transformative power of employee ownership programs and their profound impact on business value and succession planning. Discover how and why these strategies not only enhance business resilience but also foster community well-being. Dr. West shares invaluable insights on; * How employee ownership programs can significantly enhance business value. * Why early exit planning is crucial for business success. * How employee share plans help retain key staff and improve business resilience. * Why understanding business value is so essential for business owners. * How succession planning benefits both businesses and communities. * Employee ownership as a strategic exit option. * Why employee share plans are gaining popularity in Australia Chapters * 00:00:00 Introduction to Employee Ownership * 00:00:00 Benefits of Employee Share Plans * 00:00:00 Valuation and Exit Planning * 00:00:00 Succession Planning in Australia * 00:00:00 Community Impact and Business Resilience   Thanks for listening.  Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show. Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes. Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business. michael.kerr@kerrcapital.com.au [michael.kerr@kerrcapital.com.au] www.ownertoownerpodcast.com.au [www.ownertoowner.com.au]