Bicycle For The EO Mind

About Bicycle For The EO Mind

Most small and medium businesses (SMB) struggle to sell — employee ownership is a proven exit path. Hear real stories from business owners who transitioned through employee ownership. Whether you're an owner, advisor, or investor, we dive into expert insights, practical strategies, and how technology is reshaping exit planning.

Publisher

Zolidar

Category

business

Language

en

Explicit

No

First episode

6 Feb 2025

Latest episode

22 Aug 2025

Latest episodes

10 episodes in the feed.

1. 

   22 Aug 2025

   Ownership Matters: Designing Trust and Participation in Online Communities

   Meet Nathan Schneider (Assistant Professor, University of Colorado Boulder; Board Member, Start.coop). In this episode, we dig into how small business owners can make employee ownership (EO) a realistic exit path—and why Zolidar is designing a Wikipedia-inspired EO community to keep fragmented information fresh, accurate, and community-owned. We talk frankly about the hard parts of building participatory spaces and multi-sided commons: the need for clear early scaffolding (sometimes top-down) so participation matters from day one, and how the right software becomes an “Iron Man suit” for owners, advisors, and employees moving from curiosity to transaction. Some takeaways: Why a Wikipedia-style knowledge layer is key for EO: freshness, accuracy, and shared ownership of information Participation is hard: pragmatic scaffolding early on so people actually contribute and benefit Tech as a thought partner: a platform layer that speeds trust, widens reach, and supports real transactions Day-one value design: seed content and peer owner stories so first visits create momentum Right-sized governance for SMBs: don’t rewrite every rule—shift accountability and keep participation lightweight Where the numbers work: tools that surface financially sound EO deals and run them on familiar professional rails Click here to watch this episode on the Zolidar YouTube Channel. (https://www.youtube.com/watch?v=_nYa30471jY) MAILBAG | GET IN TOUCH WITH US We'd love to feature your voice in an upcoming mailbag episode! Have a question for us? Leave a voicemail at 650-203-6565, or send an email to social@zolidar.com. Remember, voicemails make for more engaging episodes—we want to hear your actual voice! ZOLIDAR LINKS: https://zolidar.com https://zolidar.com/podcast https://zolidar.com/blog https://zolidar.com/grid/person/all ZOLIDAR FEATURES: https://zolidar.com/exit-plan-guide https://zolidar.com/exit-financial-plan https://zolidar.com/dashboard?zolidai=true ZOLIDAR SOCIAL MEDIA: https://www.linkedin.com/company/zolidar/ https://www.youtube.com/@zolidar https://x.com/zolidar https://www.instagram.com/zolidar_com https://www.facebook.com/zolidario CHAPTERS (00:00) - Introduction to Nathan Schneider (00:24) - Exploring the Intersection of Technology & Social Change (02:07) - The Twitter Campaign and Platform Cooperativism (03:34) - Building New Digital Communities: The Case of Social.coop (05:02) - Cultivating Community in Online Spaces (06:49) - Diversity in Shared Ownership Models (08:28) - The Challenge of Stakeholder Ownership (09:47) - Shifting Accountability: From Shareholders to Stakeholders (10:25) - Aligning Incentives in Cooperative Structures (12:36) - High Fidelity Democracy: Liquid Democracy and Citizen Assemblies (14:42) - Designing Participatory Spaces for Community Engagement (16:22) - Success Metrics in Shared Ownership Models (20:01) - The Power of Ownership and Participation (23:14) - Navigating Fragmentation in Employee Ownership (25:37) - Scaling Employee Ownership Awareness (27:29) - Policy and Technology: A Dual Approach (30:14) - Building Trust in Online Communities (35:10) - The Importance of Governance in Online Spaces (37:38) - Podcast Outro CONNECT WITH NATHAN SCHNEIDER Nathan Schneider (https://zolidar.com/grid/person/nathan-schneider-professor-kSCjsx) REFERENCED IN THIS EPISODE: Namaste Solar (https://zolidar.com/grid/organization/namaste-solar-business-e0FaTc) Start.coop (https://zolidar.com/grid/organization/startcoop--sB5GiE) Click here to view the episode transcript. (https://share.transistor.fm/s/8e394ccd/transcript) © Copyright 2025 Zolidar, Inc. Note: This podcast is not investment advice and is intended for informational and entertainment purposes only. The views expressed in this episode are solely those of the guest(s) and do not necessarily reflect the opinions of the host or Zolidar. LISTEN ON YOUR FAVORITE PODCAST APP: Spotify: https://open.spotify.com/episode/2605NdSV35dhgtuB6cETBo?si=v9EdSd4iTDa7GDp4cxISTQ (https://open.spotify.com/episode/2605NdSV35dhgtuB6cETBo?si=v9EdSd4iTDa7GDp4cxISTQ) Apple: https://podcasts.apple.com/us/podcast/ownership-matters-designing-trust-and-participation/id1793273251?i=1000723116922 (https://podcasts.apple.com/us/podcast/ownership-matters-designing-trust-and-participation/id1793273251?i=1000723116922) YouTube: https://youtu.be/d3hvknFTTMQ (https://youtu.be/d3hvknFTTMQ) Audible/Amazon Music: https://music.amazon.com/podcasts/e9fe6479-8499-4a29-9b51-cc164d686d79/episodes/6844010c-769e-48b1-8abd-fbbc4273db8c/bicycle-for-the-eo-mind-ownership-matters-designing-trust-and-participation-in-online-communities (https://music.amazon.com/podcasts/e9fe6479-8499-4a29-9b51-cc164d686d79/episodes/6844010c-769e-48b1-8abd-fbbc4273db8c/bicycle-for-the-eo-mind-ownership-matters-designing-trust-and-participation-in-online-communities) YouTube Music: https://music.youtube.com/watch?v=d3hvknFTTMQ&si=wcgh0GNzH5LnX3eb (https://music.youtube.com/watch?v=d3hvknFTTMQ&si=wcgh0GNzH5LnX3eb) Pandora: https://www.pandora.com/podcast/bicycle-for-the-eo-mind/ownership-matters-designing-trust-and-participation-in-online-communities/PE:1319560595?part=ug-desktop&corr=210763187052618403 (https://www.pandora.com/podcast/bicycle-for-the-eo-mind/ownership-matters-designing-trust-and-participation-in-online-communities/PE:1319560595?part=ug-desktop&corr=210763187052618403) PocketCasts:  (https://pca.st/tusa7mwk)https://pocketcasts.com/podcasts/62832590-c704-013d-7d6f-0affcdcd4ef3/459eb03f-cc06-4f34-aa14-64ed0db0fbd6 (https://pocketcasts.com/podcasts/62832590-c704-013d-7d6f-0affcdcd4ef3/459eb03f-cc06-4f34-aa14-64ed0db0fbd6)

2. 

   31 Jul 2025

   How a $50M Science Ed Company Used a Perpetual Purpose Trust for Succession

   Meet David Vernier, founder of Vernier Science Education, a 43-year-old education technology company serving science teachers that transitioned to a Perpetual Purpose Trust (PPT) in January 2024. With over 100 employees and $50M in annual revenue, Vernier's transition offers valuable insights for business owners considering employee ownership alternatives. Some takeaways: How a CEO's retirement announcement after 30 years with the company became the catalyst for exploring various exit options Why the Perpetual Purpose Trust model appealed to Vernier after considering ESOPs, strategic sales, and other options The creative financing structure: founders donated 50% of their shares while creating seller financing for the remainder How maintaining company culture, including daily sports activities, sustainability initiatives, and a family-like atmosphere was central to their exit planning The dual challenges of transitioning ownership while navigating post-pandemic supply chain disruptions that affected company valuation Click here to watch this episode on the Zolidar YouTube Channel. (https://www.youtube.com/watch?v=lHjgmQ0HJLA) MAILBAG | GET IN TOUCH WITH US We'd love to feature your voice in an upcoming mailbag episode! Have a question for us? Leave a voicemail at 650-203-6565, or send an email to social@zolidar.com. Remember, voicemails make for more engaging episodes—we want to hear your actual voice! ZOLIDAR LINKS: https://zolidar.com https://zolidar.com/podcast https://zolidar.com/blog https://zolidar.com/grid/person/all ZOLIDAR FEATURES: https://zolidar.com/exit-plan-guide https://zolidar.com/exit-financial-plan https://zolidar.com/dashboard?zolidai=true ZOLIDAR SOCIAL MEDIA: https://www.linkedin.com/company/zolidar/ https://www.youtube.com/@zolidar https://x.com/zolidar https://www.instagram.com/zolidar_com https://www.facebook.com/zolidario CHAPTERS (00:00) - The Journey of Vernier Science Education (05:40) - Exploring Ownership Transitions (10:52) - Understanding Perpetual Purpose Trusts (20:07) - Navigating Financial Challenges (28:09) - Leadership Changes and Future Directions (41:59) - Introduction and Call to Action (42:46) - Podcast Outro CONNECT WITH VERNIER SCIENCE EDUCATION Vernier Science Education (https://zolidar.com/grid/organization/vernier-science-education-other-KlEUuc) REFERENCED IN THIS EPISODE: David Vernier (https://zolidar.com/grid/person/dave-vernier-co-president-and-co-founder-iAXhQc) (Founder) Natalie Reitman-White (https://zolidar.com/grid/person/natalie-reitman-white-founder-and-principal-Lcp6qT) (Purpose Owned, Purpose Trust Ownership Network) Peter Koehler (https://zolidar.com/grid/person/peter-koehler-founder-and-partner-94D75O) (Lumo Group) Organically Grown Company (https://zolidar.com/grid/organization/organically-grown-company-business-1UYQod) (Peer PPT company) Local Ocean Seafoods (https://zolidar.com/grid/organization/local-ocean-seafoods-business-eD89ca) (PPT restaurant) DAVID'S FAVORITE QUOTE "Life is what happens when you're busy making other plans." Click here to view the episode transcript. (https://share.transistor.fm/s/a9e7a660/transcript) © Copyright 2025 Zolidar, Inc. Note: This podcast is not investment advice and is intended for informational and entertainment purposes only. The views expressed in this episode are solely those of the guest(s) and do not necessarily reflect the opinions of the host or Zolidar. LISTEN ON YOUR FAVORITE PODCAST APP: Spotify: https://open.spotify.com/episode/2flY9px357tBles6PreW3R?si=6SAkFDemQeCwCf7w478CVA (https://open.spotify.com/episode/2flY9px357tBles6PreW3R?si=6SAkFDemQeCwCf7w478CVA) Apple: https://podcasts.apple.com/us/podcast/how-a-%2450m-science-ed-company-used-a/id1793273251?i=1000720145349 (https://podcasts.apple.com/us/podcast/how-a-%2450m-science-ed-company-used-a/id1793273251?i=1000720145349) YouTube: https://youtu.be/Nx9E-g-mNxE (https://youtu.be/Nx9E-g-mNxE) Audible/Amazon Music: https://music.amazon.com.mx/podcasts/e9fe6479-8499-4a29-9b51-cc164d686d79/episodes/b3141326-3ce8-41b6-a826-624d5609ad1a/bicycle-for-the-eo-mind-how-a-50m-science-ed-company-used-a-perpetual-purpose-trust-for-succession (https://music.amazon.com.mx/podcasts/e9fe6479-8499-4a29-9b51-cc164d686d79/episodes/b3141326-3ce8-41b6-a826-624d5609ad1a/bicycle-for-the-eo-mind-how-a-50m-science-ed-company-used-a-perpetual-purpose-trust-for-succession) YouTube Music: https://music.youtube.com/watch?v=Nx9E-g-mNxE&si=vvHI0hsBhd4cq5hV (https://music.youtube.com/watch?v=Nx9E-g-mNxE&si=vvHI0hsBhd4cq5hV) Pandora: https://pandora.app.link/ocAgTPnJsVb (https://pandora.app.link/ocAgTPnJsVb) PocketCasts: https://pca.st/tusa7mwk (https://pca.st/tusa7mwk)

3. 

   30 Jul 2025

   A Value Driven Exit: How a Financial Advisory Firm Became a Perpetual Purpose Trust

   Meet Michael Kramer from Natural Investments, a financial advisory firm specializing in socially responsible investing that transitioned to a Perpetual Purpose Trust (PPT) in 2023. After joining as the firm's third financial advisor in 2000, Michael served as managing partner from 2007 to 2023 before becoming a trust steward and manager during their innovative ownership transition. Some takeaways: How the growing valuation of their successful firm made traditional succession planning impossible, as younger advisors couldn't afford to buy in Why they rejected lucrative acquisition offers from larger firms to preserve their mission of "using money as a tool for social change" Their creative financing approach: borrowing from RSF Social Finance for the down payment, with customized promissory notes for each exiting partner How they decoupled governance from ownership by creating a Trust Stewardship Committee with 3-year rotating terms to increase diversity in leadership The importance of early stakeholder engagement in the transition process to gain buy-in and incorporate diverse perspectives Click here to watch this episode on the Zolidar YouTube Channel. (https://www.youtube.com/watch?v=M7xy0-r6F_w) MAILBAG | GET IN TOUCH WITH US We'd love to feature your voice in an upcoming mailbag episode! Have a question for us? Leave a voicemail at 650-203-6565, or send an email to social@zolidar.com. Remember, voicemails make for more engaging episodes—we want to hear your actual voice! ZOLIDAR LINKS: https://zolidar.com https://zolidar.com/podcast https://zolidar.com/blog https://zolidar.com/grid/person/all ZOLIDAR FEATURES: https://zolidar.com/exit-plan-guide https://zolidar.com/exit-financial-plan https://zolidar.com/dashboard?zolidai=true ZOLIDAR SOCIAL MEDIA: https://www.linkedin.com/company/zolidar/ https://www.youtube.com/@zolidar https://x.com/zolidar https://www.instagram.com/zolidar_com https://www.facebook.com/zolidario CHAPTERS (00:00) - Introduction to Natural Investments and Transition Planning (02:53) - Challenges in Business Ownership and Succession (05:27) - Exploring Alternative Ownership Structures (08:09) - Values Alignment in Consulting and Decision Making (11:05) - Maintaining Culture and Legacy During Transition (13:33) - Financial Considerations and Valuation Process (16:34) - Financing the Transition and Community Impact (18:59) - Normalizing Financials and Predicting Growth (21:54) - Aha Moments in Trust Stewardship and Governance (31:15) - Leadership Development and Trust Stewardship (32:30) - Defining Purpose and Objectives (34:15) - Governance Structures and Legal Frameworks (37:02) - Navigating Legal Documentation (38:36) - Financial Planning and Scenario Modeling (39:07) - Preparing for Worst-Case Scenarios (41:45) - Engaging Stakeholders in the Transition (43:47) - Reflections on the Transition Process (46:09) - Future Goals and Technology's Role (48:38) - Advice for Business Owners on Exiting (54:48) - Podcast Outro CONNECT WITH NATURAL INVESTMENTS Natural Investments (https://zolidar.com/grid/organization/natural-investments-other-JCPJeq) REFERENCED IN THIS EPISODE: Michael Kramer (https://zolidar.com/grid/person/michael-kramer-trust-steward-manager-and-director-of-research-dxdNDM) (Former Managing Partner, Trust Steward) RSF Social Finance (https://zolidar.com/grid/organization/rsf-social-finance--gXTW9m) (Lender) Organically Grown Company (https://zolidar.com/grid/organization/organically-grown-company-business-1UYQod) (PPT Pioneer) Lumo Group (https://zolidar.com/grid/organization/lumo-group-serviceprovider-aiUrh8) and Purpose Owned (https://zolidar.com/grid/organization/purpose-owned-serviceprovider-xm6WMQ) (Consultants) The Resilient Investor (https://www.amazon.com/Resilient-Investor-Plan-Your-Money/dp/1626563373) (Book) MICHAEL'S FAVORITE QUOTE "It's not what you look at that matters, it's what you see." - Henry David Thoreau Click here to view the episode transcript. (https://share.transistor.fm/s/07abe474/transcript) © Copyright 2025 Zolidar, Inc. Note: This podcast is not investment advice and is intended for informational and entertainment purposes only. The views expressed in this episode are solely those of the guest(s) and do not necessarily reflect the opinions of the host or Zolidar. LISTEN ON YOUR FAVORITE PODCAST APP: Spotify: https://open.spotify.com/episode/386mgvtP4NU6P4ZWnxccvr?si=FDlB-02ARUao2O9pbnAavg (https://open.spotify.com/episode/386mgvtP4NU6P4ZWnxccvr?si=FDlB-02ARUao2O9pbnAavg) Apple:  https://podcasts.apple.com/us/podcast/a-value-driven-exit-how-a-financial-advisory/id1793273251?i=1000719752190 (https://podcasts.apple.com/us/podcast/a-value-driven-exit-how-a-financial-advisory/id1793273251?i=1000719752190) YouTube:  https://youtu.be/UIzvXfi87VE (https://youtu.be/UIzvXfi87VE) Audible/Amazon Music: https://music.amazon.com/podcasts/e9fe6479-8499-4a29-9b51-cc164d686d79/episodes/b1f123af-56bd-46e5-b847-40e6366c1379/bicycle-for-the-eo-mind-a-value-driven-exit-how-a-financial-advisory-firm-became-a-perpetual-purpose-trust (https://music.amazon.com/podcasts/e9fe6479-8499-4a29-9b51-cc164d686d79/episodes/b1f123af-56bd-46e5-b847-40e6366c1379/bicycle-for-the-eo-mind-a-value-driven-exit-how-a-financial-advisory-firm-became-a-perpetual-purpose-trust) Pandora: https://www.pandora.com/podcast/bicycle-for-the-eo-mind/a-value-driven-exit-how-a-financial-advisory-firm-became-a-perpetual-purpose-trust/PE:1319337804?part=ug-desktop&corr=210763187052618403 (https://www.pandora.com/podcast/bicycle-for-the-eo-mind/a-value-driven-exit-how-a-financial-advisory-firm-became-a-perpetual-purpose-trust/PE:1319337804?part=ug-desktop&corr=210763187052618403) PocketCasts: https://pca.st/jv9567q0 (https://pca.st/jv9567q0)

4. 

   16 Jul 2025

   Nature Has a Seat: Biohabitats' Evolution Into a Purpose Trust

   In this episode of Bicycle for the EO Mind, we speak with Keith Bowers, founder of Biohabitats, an ecological restoration firm that transitioned to a Perpetual Purpose Trust in 2023. Founded in 1982, Biohabitats has spent over 40 years restoring the earth and inspiring ecological stewardship. Their unique transition preserves the company's values and mission for generations to come. Key Takeaways: Keith's deep ecology philosophy that "we are the rocks dancing" reflects Biohabitats' understanding that everything in nature is connected and alive. Unlike selling to private equity or competitors, the Perpetual Purpose Trust model allows Biohabitats to practice capitalism differently - prioritizing purpose over profit maximization. In a groundbreaking move, Biohabitats legally codified nature as having a seat on their Trust Stewardship Committee, with Keith serving as the initial "Nature Guardian". Rather than completely exiting, Keith has transitioned to a role where he can focus on the ecological restoration work he loves while leaving operations to new leadership. Click here to watch this episode on the Zolidar YouTube Channel. (https://www.youtube.com/watch?v=b5fgSZ3iw5Y) MAILBAG | GET IN TOUCH WITH US Have a question for us? Leave a voicemail at 650-203-6565, or send an email to social@zolidar.com. ZOLIDAR LINKS: https://zolidar.com https://zolidar.com/podcast https://zolidar.com/blog https://zolidar.com/grid/person/all ZOLIDAR FEATURES: https://zolidar.com/exit-plan-guide https://zolidar.com/exit-financial-plan https://zolidar.com/dashboard?zolidai=true ZOLIDAR SOCIAL MEDIA: https://www.linkedin.com/company/zolidar/ https://www.youtube.com/@zolidar https://x.com/zolidar https://www.instagram.com/zolidar_com https://www.facebook.com/zolidario CHAPTERS (00:00) - Introduction to BioHabitats and Keith Bowers (02:39) - Legacy and Transition Planning (05:24) - Employee Ownership and Governance Structure (08:15) - Valuation and Fairness in Buyout (10:40) - Financing the Transition (13:47) - Education and Stakeholder Engagement (16:14) - Choosing Advisors and the Deal Team (18:51) - Matrix Analysis for Ownership Models (21:50) - Legal Considerations and Trust Formation (24:31) - Celebration of Transition and Future Vision (30:26) - Navigating Legal Complexities in Business Transitions (32:52) - Dismantling and Restructuring: The Case of Biohabitats (36:36) - Purpose-Driven Governance: The Role of Trusts (40:09) - Checks and Balances: Ensuring Accountability in Purpose Trusts (44:03) - Leveraging Technology for Seamless Transitions (48:04) - Post-Transition Reflections: The Impact of Purpose Trusts (51:21) - The Role of Nature in Business Governance (54:45) - Advice for Future Business Exits: Planning for Legacy (56:27) - Connecting with Keith: Resources and Next Steps (58:04) - Introduction and Call to Action (58:50) - Podcast Outro CONNECT WITH BIOHABITATS (https://zolidar.com/grid/organization/biohabitats-other-LaLXru) REFERENCED IN THIS EPISODE: Keith Bowers (https://zolidar.com/a/grid/person/keith-bowers-founder-practice-leader-and-advocate-4V6Qwf) (Founder) Biohabitats' Leaf Litter Journal (https://www.biohabitats.com/ideas-insights/leaf-litter-journal/) KEY TERMS USED IN THIS EPISODE: PPT (Perpetual Purpose Trust) (https://zolidar.com/grid/wiki/glossary/perpetual-purpose-trust) ESOP (Employee Stock Ownership Plan) (https://zolidar.com/grid/wiki/glossary/esop) S Corporation (https://zolidar.com/grid/wiki/glossary/s-corporation) C Corporation (https://zolidar.com/grid/wiki/glossary/c-corporation) AOE (Alternative Ownership Enterprise) (https://zolidar.com/grid/wiki/glossary/alternative-ownership-enterprise) Click here to view the episode transcript. (https://share.transistor.fm/s/708b2617/transcript) © Copyright 2025 Zolidar, Inc. Note: This podcast is not investment advice and is intended for informational and entertainment purposes only. The views expressed in this episode are solely those of the guest(s) and do not necessarily reflect the opinions of the host or Zolidar. LISTEN ON YOUR FAVORITE PODCAST APP: Spotify: https://open.spotify.com/episode/6rJeeymjEPwHywDDnSluR0?si=9622cd2c58c44ec4 Apple: https://podcasts.apple.com/us/podcast/nature-has-a-seat-biohabitats-evolution-into/id1793273251?i=1000717523206 YouTube: https://youtu.be/5waCQuoAO-0 Audible: https://www.audible.in/pd/B0FHQCZ9ZC?source_code=ASSGB149080119000H&share_location=pdp Pandora: https://pandora.app.link/Mf5o454f3Ub PocketCasts: https://pca.st/cnc53cua

5. 

   26 Jun 2025

   When Buyers Don't Knock: ShopBot's Profitable EOT Exit

   Ted Hall, founder of ShopBot Tools, and Anne-Claire Broughton, founder of Broughton Consulting, discuss ShopBot's successful employee ownership trust exit, highlighting open-book management and innovative earn-out structures in this interview.

6. 

   27 Mar 2025

   ACE in the Hole: ACE Hardware’s Gina Schaefer on Becoming an ESOP

   Meet Gina Schaefer, founder and former CEO of A Few Cool Hardware Stores, and current CEO Craig Smith. Based in the Washington-Baltimore region, they are an ESOP of 13 brick and mortar hardware stores, generating roughly $50M in annual sales, which transitioned in 2021, creating over a hundred employee owners. Some takeaways: How an excited employee owner at New Belgium Brewery, and realizing employees paid $0 to become owners convinced Gina and her CFO husband Marc to choose an ESOP exit The Hogan leadership assessment helped Gina zero in on change management as a key trait to find in her successor, Craig Gina and Craig’s quest to professionalize the neighborhood brick and mortar hardware store retail experience – including building significant wealth for employee owners Gina had to overcome obstacles as a woman in a male-dominated business world, including how she let go of the title “CEO". Click here to watch this episode on the Zolidar YouTube Channel. (https://www.youtube.com/watch?v=C7AQl8eBpUY) MAILBAG | GET IN TOUCH WITH US Have a question for us? Leave a voicemail at 650-203-6565, or send an email to social@zolidar.com (mailto:social@zolidar.com). ZOLIDAR LINKS: https://zolidar.com (https://zolidar.com/) https://zolidar.com/podcast (https://zolidar.com/podcast) https://zolidar.com/blog (https://zolidar.com/blog) ZOLIDAR FEATURES: https://zolidar.com/exit-plan-guide (https://zolidar.com/exit-plan-guide) https://zolidar.com/exit-financial-plan (https://zolidar.com/exit-financial-plan) https://zolidar.com/dashboard?zolidai=true (https://zolidar.com/dashboard?zolidai=true) ZOLIDAR SOCIAL MEDIA: https://www.linkedin.com/company/zolidar/ (https://www.linkedin.com/company/zolidar/) https://www.youtube.com/@zolidar (https://www.youtube.com/@zolidar) https://x.com/zolidar (https://x.com/zolidar) https://www.instagram.com/zolidar_com (https://www.instagram.com/zolidar_com) https://www.facebook.com/zolidario (https://www.facebook.com/zolidario) CHAPTERS (00:00) - Chapter 1 (00:00) - Introduction to Employee Ownership (04:35) - The Concept of Recovery Hardware (04:35) - Hiring for Impact: Building Generational Wealth (05:05) - Mentorship and Guidance in Transition (06:06) - The Role of Employee Ownership Exchange Network (06:48) - Craig's Journey into Hardware Ownership (07:42) - Navigating Employee Ownership (08:25) - Learning from Mentors in the ESOP Process (09:22) - Exploring Ownership Options (10:10) - The Value of ESOPs (11:01) - Tools and Resources for ESOPs (11:18) - Financial Considerations in the ESOP Decision (11:54) - Navigating Financial Considerations in Business Transitions (13:19) - The ESOP Advantage: Employee Ownership and Tax Benefits (14:42) - Professionalizing Retail: The Impact of Employee Ownership (16:42) - Building Relationships: The Role of National Cooperative Bank (18:44) - Manifesting Success: The Journey of Business Growth (20:09) - Valuation Insights: Understanding Business Worth (21:20) - Understanding Valuation in ESOPs (22:21) - Transitioning to an ESOP: The Journey Begins (24:59) - Change Management and Leadership Dynamics (29:28) - Documenting Processes for a Smooth Transition (30:35) - Empathy in Leadership During Change (31:10) - Navigating Change and Employee Concerns (33:30) - Understanding ESOPs and Employee Engagement (34:32) - Streamlining the Transition Process (37:50) - Setting Goals and Metrics for Success (38:59) - Emotional Aspects of Transitioning to ESOPs (41:31) - Call to Action (42:16) - Podcast Outro CONNECT WITH A FEW COOL HARDWARE STORES https://acehardwaredc.com/ (https://acehardwaredc.com/) https://zolidar.com/community/organization/bkGWem (https://zolidar.com/community/organization/bkGWem) REFERENCED IN THIS EPISODE: Gina Schaefer (Founder, Former CEO): https://zolidar.com/community/person/ZVQCOT (https://zolidar.com/community/person/ZVQCOT) Craig Smith (Current CEO): https://zolidar.com/community/person/ajOKqw (https://zolidar.com/community/person/ajOKqw) Marc Friedman (Former CFO): https://zolidar.com/community/person/-uZdOKu (https://zolidar.com/community/person/-uZdOKu) Employee Ownership Expansion Network (EOX): https://zolidar.com/community/organization/-97slr0 (https://zolidar.com/community/organization/-97slr0) Steve Storkan (Executive Director, Employee Ownership Expansion Network): https://zolidar.com/community/person/sw8H2X (https://zolidar.com/community/person/sw8H2X) One America (ESOP service provider/Third Party Administrator): https://zolidar.com/community/organization/-BDaRBA (https://zolidar.com/community/organization/-BDaRBA) National Cooperative Bank (Finance): https://zolidar.com/community/organization/qwsW28 (https://zolidar.com/community/organization/qwsW28) Click here to view the episode transcript. (https://share.transistor.fm/s/6f2095af/transcript) © Copyright 2025 Zolidar, Inc. Note: This podcast is not investment advice and is intended for informational and entertainment purposes only. The views expressed in this episode are solely those of the guest(s) and do not necessarily reflect the opinions of the host or Zolidar. LISTEN ON YOUR FAVORITE PODCAST APP: Spotify: https://open.spotify.com/episode/756alSrywJ5dAN8BRJoQ62 (https://open.spotify.com/episode/756alSrywJ5dAN8BRJoQ62) Apple: https://podcasts.apple.com/us/podcast/ace-in-the-hole-ace-hardwares-gina-schaefer-on/id1793273251?i=1000701114490 (https://podcasts.apple.com/us/podcast/ace-in-the-hole-ace-hardwares-gina-schaefer-on/id1793273251?i=1000701114490) YT: https://www.youtube.com/watch?v=C7AQl8eBpUY (https://www.youtube.com/watch?v=C7AQl8eBpUY) Audible: https://music.amazon.com/podcasts/e9fe6479-8499-4a29-9b51-cc164d686d79/episodes/d0ec6c75-4f41-46d9-b6a9-98fde0e3259f/ (https://music.amazon.com/podcasts/e9fe6479-8499-4a29-9b51-cc164d686d79/episodes/d0ec6c75-4f41-46d9-b6a9-98fde0e3259f/) YT Music: https://youtu.be/nQb-HcvGh8g (https://youtu.be/nQb-HcvGh8g) Pandora: https://www.pandora.com/podcast/bicycle-for-the-eo-mind/ace-in-the-hole-ace-hardwares-gina-schaefer-on-becoming-an-esop/PE:1317598905 (https://www.pandora.com/podcast/bicycle-for-the-eo-mind/ace-in-the-hole-ace-hardwares-gina-schaefer-on-becoming-an-esop/PE:1317598905) PocketCasts: https://play.pocketcasts.com/podcasts/62832590-c704-013d-7d6f-0affcdcd4ef3/29474fcd-a5fb-4064-9190-3778cb4ffa7d (https://play.pocketcasts.com/podcasts/62832590-c704-013d-7d6f-0affcdcd4ef3/29474fcd-a5fb-4064-9190-3778cb4ffa7d)

7. 

   12 Mar 2025

   Why a Bay Area IT Firm Made the Transition From Owner-Operated to Worker-Owned to Secure Its Future

   Meet Jerry Skomer, founder of Alternative Technologies, an IT and telecom services company that has supported Bay Area nonprofits and progressive businesses since 1989. When planning his retirement, Jerry faced a crucial challenge: how to preserve the company’s values, protect employees’ jobs, and ensure continued community service. His solution? Transforming Alternative Technologies into a worker-owned cooperative. The transition wasn’t easy—COVID-19 included, Jerry financed a third of the sale, structured an earnout over six years, and retained management hiring control for three. Listen in to hear how he, trusted the process, and exited without regrets. In this episode, you’ll hear about: Balancing Agility and Risk Aversion : A solo founder can move quickly, come what may. How can a fledgling worker co-op of 7+ people move both quickly and thoughtfully? Trusting the Process: The two-year transition was full of challenges, but patience and collective effort built a strong foundation. The Role of a Task Force: Forming an internal team of smart leaders to lead the transition ensured broad representation across departments and empowered staff to take ownership of the process. Sharing the Risk: Jerry first proposed a  management buyout - but what would still involve personal guarantees. As a worker co-op the lenders bear more risk compared to individual worker owners Click here to watch this episode on the Zolidar YouTube Channel. (https://www.youtube.com/watch?v=WhVHuksMGDY) MAILBAG | GET IN TOUCH WITH US We’d love to feature your voice in an upcoming mailbag episode! Have a question for us? Leave a voicemail at 650-203-6565, or send an email to social@zolidar.com (mailto:social@zolidar.com). Voicemails make for more engaging episodes—we want to hear your actual voice! ZOLIDAR LINKS: Home Page: https://zolidar.com (https://zolidar.com/) Podcast: https://zolidar.com/podcast (https://zolidar.com/podcast) Blog: https://zolidar.com/blog (https://zolidar.com/blog) ZOLIDAR FEATURES: Day Zero Guide: https://zolidar.com/exit-plan-guide (https://zolidar.com/exit-plan-guide) Aha! Planner: https://zolidar.com/exit-financial-plan (https://zolidar.com/exit-financial-plan) Zolid AI: https://zolidar.com/dashboard?zolidai=true (https://zolidar.com/dashboard?zolidai=true) ZOLIDAR SOCIAL MEDIA: LinkedIn: https://www.linkedin.com/company/zolidar/ (https://www.linkedin.com/company/zolidar/) YouTube: https://www.youtube.com/@zolidar (https://www.youtube.com/@zolidar) X: https://x.com/zolidar (https://x.com/zolidar) Instagram: https://www.instagram.com/zolidar_com (https://www.instagram.com/zolidar_com) Facebook: https://www.facebook.com/zolidario (https://www.facebook.com/zolidario) CHAPTERS (00:00) - - Introduction and Personal Philosophy (04:36) - - Transitioning Out of Business Ownership (07:02) - - Planning the Exit Strategy (08:35) - - Forming the Task Force (10:52) - - Navigating the Pandemic's Impact (13:22) - - Understanding Business Valuation (15:34) - - Exploring Employee Ownership (17:47) - - Financing the Transition (20:10) - - The Role of the Lender (22:12) - - Trusting the Process of Transition (25:56) - - Transitioning to Governance: A New Role (28:51) - - Building a Supportive Team for Transition (32:13) - - Navigating Legal Complexities in Co-op Formation (33:08) - - The Impact of Technology on Transition Processes (39:13) - - Reflections on Employee Ownership as an Exit Strategy (42:06) - - Proud Achievements and Lessons Learned (43:09) - - First Steps for Business Owners Considering Exit (45:19) - - Call to Action (46:03) - - Podcast Outro Key Terms Used in This Episode: EBITDA (https://zolidar.com/community/wiki/glossary/ebitda): EBITDA stands for Earnings Before Interest, Tax, Depreciation, and Amortization. It is sometimes extended to be EBITDA(P) for valuing co-ops, with P indicating Patronage. This term is often used in place of net profit because net profit takes account of many things that may not have to do with business performance on a profit and loss, namely those excluded items mentioned above. Valuation Multiples: (https://zolidar.com/community/wiki/glossary/valuation-multiples) This approach categorizes multiples into enterprise value (EV) and equity multiples. EV multiples, such as EV/EBITDA and EV/sales, adjust for debt and are useful in mergers and acquisitions. Equity multiples, like P/E and P/B ratios, are simpler but can be skewed by capital structure changes. Analysts use these multiples to quickly assess a company's value relative to its peers, though they may oversimplify complex financial dynamics. Earnout (https://zolidar.com/community/wiki/glossary/earnout): An earnout is a form of deferred payment to the seller that is contingent on certain events occurring post-closing. An earnout can be tied to revenue, EBITDA, or a non-financial metric such as retention of key employees or the issuance of a patent. Indicative Valuation (https://zolidar.com/exit-financial-plan): The indicative valuation is an estimate of what a business owner would receive from selling their ownership stake. It is calculated by projecting the business's earning potential, then deducting debt and adding excess cash. Think of it like a Zillow estimate adjusted for mortgage, but for your business - a great conversation starter to identify actionable steps for increasing your business's value over time and begin exit planning. CONNECT WITH ALTERNATIVE TECHNOLOGIES Website: https://alternativetechnologies.com (https://alternativetechnologies.com/) Zolidar's Community : https://zolidar.com/community/organization/alternative-technologies-serviceprovider-TlxChE (https://zolidar.com/community/organization/alternative-technologies-serviceprovider-TlxChE) REFERENCED IN THIS EPISODE: Jerry Skomer (Former Owner & President): https://zolidar.com/community/person/jerry-skomer (https://zolidar.com/community/person/jerry-skomer) Shared Capital: https://zolidar.com/community/organization/shared-capital-cooperative-capitalprovider-RkCkLV (https://zolidar.com/community/organization/shared-capital-cooperative-capitalprovider-RkCkLV) Project Equity: https://zolidar.com/community/organization/project-equity-capitalprovider-JCzVcW (https://zolidar.com/community/organization/project-equity-capitalprovider-JCzVcW) (https://share.transistor.fm/s/78ab67bb/transcript)

8. 

   27 Feb 2025

   Austin Consulting Firm becomes a Worker Co-op | How the Business Owner Retired, Got a Fair Valuation & Benefited Employees

   Meet Linda Wurzbach, who recently retired from a successful 12-person education consultancy using an employee ownership model. Resources for Learning’s path to a worker co-op showcases a successful transition and the win-win for Linda and her employees. In this episode you’ll hear about: Using revenue-based financing to make employee ownership work for their professional services business Landing the exit - getting fair value while preserving her legacy and team Bringing several advisors together who worked together as a transition team The Resources for Learning team bloomed as they embraced democratic co-op culture and decision-making Click here to watch this episode on the Zolidar Youtube Channel. (https://www.youtube.com/watch?v=CvrU7gH-0o0) MAILBAG | GET IN TOUCH WITH US We'd love to feature your voice in an upcoming mailbag episode! Maybe you've got a question for us? You can leave us a voicemail at 650-203-6565, or if you prefer, send an email to social@zolidar.com. But remember, voicemails make for more engaging episodes—we want to hear your actual voice! ZOLIDAR LINKS: Home Page: https://zolidar.com (https://zolidar.com/) Podcast: https://zolidar.com/podcast (https://zolidar.com/podcast) Blog: https://zolidar.com/blog (https://zolidar.com/blog) ZOLIDAR FEATURES: Day Zero Guide: https://zolidar.com/exit-plan-guide (https://zolidar.com/exit-plan-guide) Aha! Planner: https://zolidar.com/exit-financial-plan (https://zolidar.com/exit-financial-plan) Zolid AI: https://zolidar.com/dashboard?zolidai=true (https://zolidar.com/dashboard?zolidai=true) ZOLIDAR SOCIAL MEDIA: LinkedIn: https://www.linkedin.com/company/zolidar/ (https://www.linkedin.com/company/zolidar/) YouTube: https://www.youtube.com/@zolidar (https://www.youtube.com/@zolidar) X: https://x.com/zolidar (https://x.com/zolidar) Instagram: https://www.instagram.com/zolidar_com (https://www.instagram.com/zolidar_com) Facebook: https://www.facebook.com/zolidario (https://www.facebook.com/zolidario) CHAPTERS (00:00) - Introduction to Resources for Learning (02:53) - The Journey to Employee Ownership (05:18) - Exploring Co-op Models (07:50) - Valuation and Financial Considerations (10:11) - Building a Support Network (12:35) - Transitioning to a Worker Cooperative (14:19) - Employee Perspectives on Ownership (16:51) - Challenges of Managing Change (19:03) - Finalizing the Transition (21:36) - Looking Ahead: The Future of the Co-op (26:20) - Decision-Making Dynamics in Co-ops (30:03) - Qualities of Effective Advisors (32:39) - Navigating Financing Challenges (35:00) - Building Relationships with Lenders (38:26) - Employee Ownership and Board Dynamics (42:43) - Pain Points in Transitioning to Employee Ownership (46:58) - Encouragement for Future Business Owners (48:17) - Outro and Call to Action CONNECT WITH RESOURCES FOR LEARNING Website: https://www.resourcesforlearning.net/ (https://www.resourcesforlearning.net/) LinkedIn: https://www.linkedin.com/company/resources-for-learning-llc/ (https://www.linkedin.com/company/resources-for-learning-llc/) REFERENCED IN THIS EPISODE: Linda Wurzbach (Founder, President; https://zolidar.com/community/person/linda-wurzbach-president-HugSzi (https://zolidar.com/community/person/linda-wurzbach-president-HugSzi)) Annelies Lottmann (Director of the Texas Rural Cooperative Center at The University of Texas Rio Grande Valley; https://www.linkedin.com/in/annelies-lottmann-117121128/ (https://www.linkedin.com/in/annelies-lottmann-117121128/) / https://zolidar.com/admin/crm/community/person/annelies-lottmann--mj9T46 (https://zolidar.com/admin/crm/community/person/annelies-lottmann--mj9T46)) Allison Curtis (ICA Group; https://zolidar.com/community/person/allison-curtis--WmVglv (https://zolidar.com/community/person/allison-curtis--WmVglv)) Jonathan Ward (Fund for Jobs Worth Owning; https://zolidar.com/community/person/jonathan-ward-director-of-lending-ceSnKw (https://zolidar.com/community/person/jonathan-ward-director-of-lending-ceSnKw)) Jacqueline Radebaugh (Jason Wiener|p.c.; https://www.linkedin.com/in/jacquelineradebaugh/ (https://www.linkedin.com/in/jacquelineradebaugh/) / https://zolidar.com/community/person/jacqueline-radebaugh--AxxMlq (https://zolidar.com/community/person/jacqueline-radebaugh--AxxMlq)) Josh Glickenhaus (Local Enterprise Assistance Fund (LEAF); https://www.linkedin.com/in/josh-glickenhaus-95526251/ (https://www.linkedin.com/in/josh-glickenhaus-95526251/) / https://zolidar.com/admin/crm/community/person/josh-glickenhaus--1mSee7 (https://zolidar.com/admin/crm/community/person/josh-glickenhaus--1mSee7)) Project Equity (https://project-equity.org/ (https://project-equity.org/)) Click here to view the episode transcript. (https://share.transistor.fm/s/3b6a11a9/transcript) MORE ABOUT LINDA, FOUNDER/PRESIDENT: Her favorite quote: “No one cares how much you know, until they know how much you care”― Theodore Roosevelt What she wants to hear from listeners like you: “What are some insights you got from the podcast?” Linda's email is lindaw@resourcesforlearning.net (mailto:lindaw@resourcesforlearning.net). © Copyright 2025 Zolidar, Inc. Note: This podcast is not investment advice, and is intended for informational and entertainment purposes only. The views expressed in this episode are solely those of the guest(s) and do not necessarily reflect the opinions of the host or Zolidar. LISTEN ON YOUR FAVORITE PODCAST APP: Spotify: https://open.spotify.com/episode/34FzNqj3WYqzTJLnylrb7R (https://open.spotify.com/episode/34FzNqj3WYqzTJLnylrb7R) Apple: https://podcasts.apple.com/us/podcast/austin-consulting-firm-becomes-a-worker-co-op-how/id1793273251?i=1000696575644 (https://podcasts.apple.com/us/podcast/austin-consulting-firm-becomes-a-worker-co-op-how/id1793273251?i=1000696575644) YT: https://youtu.be/CvrU7gH-0o0 (https://youtu.be/CvrU7gH-0o0) Audible: https://music.amazon.com/podcasts/e9fe6479-8499-4a29-9b51-cc164d686d79/episodes/91167637-9657-4e77-a735-24e0906a385b/bicycle-for-the-eo-mind-austin-consulting-firm-becomes-a-worker-co-op-how-the-business-owner-retired-got-a-fair-valuation-benefited-employees  (https://music.amazon.com/podcasts/e9fe6479-8499-4a29-9b51-cc164d686d79/episodes/91167637-9657-4e77-a735-24e0906a385b/bicycle-for-the-eo-mind-austin-consulting-firm-becomes-a-worker-co-op-how-the-business-owner-retired-got-a-fair-valuation-benefited-employees%20) YT Music: https://www.youtube.com/watch?v=PAfRtmBoaWU (https://www.youtube.com/watch?v=PAfRtmBoaWU) PocketCasts:  https://pca.st/e... (https://pca.st/episode/66c238aa-95c9-427f-bdf2-42789b855a3b)

9. 

   6 Feb 2025

   Building Eudaimonia as an ESOP: Employee Owners at JOMA Construction

   John Newland from JOMA Construction needed an exit that would prevent culture disruption, offered financing, and guaranteed his team would be taken care of. Plus, they wanted to keep building eudaimonia. In our conversation, John and Mackenzie share: The journey from flipping houses to a 30-owner ESOP success story. Why transparent communication from day one created trust throughout the transition How seller financing aligned long-term interests between owner and employees and avoided the “us vs them” mentality Click here to watch this episode on the Zolidar Youtube Channel. (https://www.youtube.com/watch?v=oYQyb2L9tLs) MAILBAG | GET IN TOUCH WITH US We'd love to feature your voice in an upcoming mailbag episode! Maybe you've got a question for us? You can leave us a voicemail at 650-203-6565, or if you prefer, send an email to social@zolidar.com. But remember, voicemails make for more engaging episodes—we want to hear your actual voice! ZOLIDAR LINKS: Home Page: https://zolidar.com (https://zolidar.com/) Podcast: https://zolidar.com/podcast (https://zolidar.com/podcast) Blog: https://zolidar.com/blog (https://zolidar.com/blog) ZOLIDAR FEATURES Day Zero Guide: https://zolidar.com/exit-plan-guide (https://zolidar.com/exit-plan-guide) Aha! Planner: https://zolidar.com/exit-financial-plan (https://zolidar.com/exit-financial-plan) Zolid AI: https://zolidar.com/dashboard?zolidai=true (https://zolidar.com/dashboard?zolidai=true) ZOLIDAR SOCIAL MEDIA LinkedIn: https://www.linkedin.com/company/zolidar/ (https://www.linkedin.com/company/zolidar/) YouTube: https://www.youtube.com/@zolidar (https://www.youtube.com/@zolidar) X: https://x.com/zolidar (https://x.com/zolidar) Instagram: https://www.instagram.com/zolidar_com (https://www.instagram.com/zolidar_com) Facebook: https://www.facebook.com/zolidario (https://www.facebook.com/zolidario) DEEP DIVE ANALYSIS Strategic Transition Planning Eight-month timeline from decision to closing. Core values guided decision-making: teamwork, continuous improvement, do the right thing, and WOW customer service. Creative Deal Structure 100% seller financing avoided traditional banking constraints. Structure aligned interests between seller and employees Owner remained engaged post-transition Demonstrated how smaller companies can make ESOP transitions work Trust-Based Implementation CFO represented employee interests alongside trustee. Nine rounds of offer/counter-offer negotiations. Transparent communication from initial announcement. Ongoing education and engagement strategy. CHAPTERS 00:00 Introduction to Joma Construction and ESOPs 02:55 The Journey to Employee Ownership 06:12 Core Values and Company Culture 08:54 The Role of Advisors and Trustees 11:53 Communication During the Transition 14:58 Understanding the ESOP Process 18:08 Negotiation and Complexity of ESOP Transactions 20:57 Regulatory Oversight and Employee Protection 23:53 The Importance of a Clear Roadmap 32:34 Key Documents in Business Transactions 35:33 Understanding Financial Feasibility 37:00 The Role of Financing in Employee Ownership 40:07 Liability and Employee Ownership 42:42 Navigating Bonding and Insurance Challenges 44:26 Advice for Small Business Owners 48:03 Aha Moments in the ESOP Process 50:32 Reflections on Employee Ownership 52:35 Post-Transaction Experiences 56:07 Future Planning and Goals 59:17 Closing Thoughts on Employee Ownership CONNECT WITH JOMA CONSTRUCTION: Website: https://jomaconstruction.com/esop (https://jomaconstruction.com/esop) LinkedIn: https://www.linkedin.com/company/jomaconstruction/ (https://www.linkedin.com/company/jomaconstruction/) REFERENCED IN THIS EPISODE: John Newland (Co-founder, CEO; LinkedIn: https://www.linkedin.com/in/johnnewland/ (https://www.linkedin.com/in/johnnewland/)) Mackenzie Gallagher (CMO; LinkedIn: https://www.linkedin.com/in/mackenzie-gallagher-07a874164/ (https://www.linkedin.com/in/mackenzie-gallagher-07a874164/)) Michelle Griffith (CFO; LinkedIn: https://www.linkedin.com/in/michelle-griffith-b3921811/ (https://www.linkedin.com/in/michelle-griffith-b3921811/)) Steve Smith (ESOP Advisor) (Steve can be reached via the JOMA contact form here: https://jomaconstruction.com/esop (https://jomaconstruction.com/esop)) Click here to view the episode transcript. (https://share.transistor.fm/s/a1dc856f/transcript) © Copyright 2025 Zolidar, Inc. Note: This podcast is not investment advice, and is intended for informational and entertainment purposes only. The views expressed in this episode are solely those of the guest(s) and do not necessarily reflect the opinions of the host or Zolidar. LISTEN ON YOUR FAVORITE PODCAST APP: Spotify: https://open.spotify.com/episode/4b79OjrjaFSubG9YpKuE3n (https://open.spotify.com/episode/4b79OjrjaFSubG9YpKuE3n) Apple: https://podcasts.apple.com/us/podcast/building-eudaimonia-as-an-esop-employee-owners-at/id1793273251?i=1000686580483 (https://podcasts.apple.com/us/podcast/building-eudaimonia-as-an-esop-employee-owners-at/id1793273251?i=1000686580483) YT: https://www.youtube.com/watch?v=oYQyb2L9tLs&list=PL8U8GQPqeIJgF2PeoiTeoVaFwl0tdIMxI&index=2 (https://www.youtube.com/watch?v=oYQyb2L9tLs&list=PL8U8GQPqeIJgF2PeoiTeoVaFwl0tdIMxI&index=2) Audible: https://music.amazon.com/podcasts/e9fe6479-8499-4a29-9b51-cc164d686d79/episodes/34c3b73e-9a9c-49e7-9609-62d341f66f42/bicycle-for-the-eo-mind-building-eudaimonia-as-an-esop-employee-owners-at-joma-construction (https://music.amazon.com/podcasts/e9fe6479-8499-4a29-9b51-cc164d686d79/episodes/34c3b73e-9a9c-49e7-9609-62d341f66f42/bicycle-for-the-eo-mind-building-eudaimonia-as-an-esop-employee-owners-at-joma-construction) YT Music: https://www.youtube.com/watch?v=wWmAAvmXFso&list=PL8U8GQPqeIJh_1UfW234RmiPXJ6PYE1o1&index=1 (https://www.youtube.com/watch?v=wWmAAvmXFso&list=PL8U8GQPqeIJh_1UfW234RmiPXJ6PYE1o1&index=1) PocketCasts: https://pca.st/episode/d250cf80-0847-42e0-b741-7ce5e2f1048c (https://pca.st/episode/d250cf80-0847-42e0-b741-7ce5e2f1048c)

10. 

    6 Feb 2025

    Employee Ownership will Eclipse M&A for SMBs | Welcome to Zolidar's Podcast

    Why do we believe in EO's growth potential? Facts and Trends - our favorite friends. FACTS 3 million retiring small and medium business owners $8 trillion in illiquid wealth at stake. 4 out 5 SMBs don't find traditional buyers. TRENDS The Succession Crisis is here: Millions of small business lack a succession plan and EO is a proven solution. Bipartisan Policy Support is Growing: Federal & state incentives (tax benefits, capital access) are making EO more financially attractive than ever. Technology is the Market Multiplier: Data science & AI are making EO faster, easier and more scalable, removing historical adoption barriers. WHAT YOU'LL LEARN IN THIS EPISODE Why profitable, stable businesses often struggle to sell. How the synergy of technology and  humans in the EO loop can drive employee ownership adoption. Why Zolidar is betting on employees as owners, the Airbnb moment for SMB exits. The "EO leaky bucket" as the barriers stopping SMB owners from choosing EO and how we aim to fix them. Click here to watch this episode on the Zolidar Youtube Channel. (https://www.youtube.com/watch?v=3c8A3kHID8k) DEEP DIVE ANALYSIS The Traditional M&A Mismatch Most SMBs aren’t a fit for private buyers. Buyers look for aggressive growth, not stable businesses. EO offers a fair sale price without the uncertainty of third-party negotiations. Tech as a Market Multiplier Current EO processes are too complex, slow, and expensive for many owners. Zolidar’s platform solves this by making EO faster, easier, and more scalable. Day Zero Guide helps owners compare exits. Aha! Planner makes financial planning accessible. Zolid AI provides 24/7 insights for owners and advisors. Fixing the "EO Leaky Bucket" Problem Raising awareness isn’t enough—owners need clarity, conviction, and step-by-step support to move forward. Zolidar provides trusted guidance, AI-powered insights, and a growing advisor network. CHAPTERS 00:00 Unlocking Wealth Through Employee Ownership 02:54 The Journey to Employee Ownership 06:08 The Critical Moment for Employee Ownership 09:00 Overcoming Barriers to Exit Planning 12:04 Leveraging Technology for Transition 14:45 Building a Community for Support 18:09 The Future of Employee Ownership 20:59 Real Stories of Transition 23:46 Engaging with the Podcast Community CONTENT | TOOLS The Jobs to Be Done framework (read more here: https://jobs-to-be-done.com/what-is-jobs-to-be-done-fea59c8e39eb (https://jobs-to-be-done.com/what-is-jobs-to-be-done-fea59c8e39eb)) Iron Man/J.A.R.V.I.S. analogy (read more from a recent HBS and Wharton study here: https://www.hbs.edu/faculty/Pages/item.aspx?num=64700 (https://www.hbs.edu/faculty/Pages/item.aspx?num=64700)) PEOPLE AND ORGANIZATIONS Ashish Agrawal (Founder, CEO; LinkedIn: https://www.linkedin.com/in/ashish-r-agrawal (https://www.linkedin.com/in/ashish-r-agrawal)/) Sonali Kothari (Founder, COO; LinkedIn: https://www.linkedin.com/in/sonalikothari/ (https://www.linkedin.com/in/sonalikothari/)) Matthew Epperson (Podcast Host, EO Domain Expert, LinkedIn: https://www.linkedin.com/in/matthewepperson/ (https://www.linkedin.com/in/matthewepperson/)) Our podcast's name is inspired by (this Steve Jobs’s quote: https://www.youtube.com/watch?v=KmuP8gsgWb8 (https://www.youtube.com/watch?v=KmuP8gsgWb8)) Kiva.org (http://kiva.org) Jobs for the Future (https://www.jff.org/ (https://www.jff.org/)) ZOLIDAR LINKS Home Page: https://zolidar.com (https://zolidar.com) Podcast: https://zolidar.com/podcast (https://zolidar.com/podcast) Blog: https://zolidar.com/blog (https://zolidar.com/blog) ZOLIDAR FEATURES Day Zero Guide: https://zolidar.com/exit-plan-guide (https://zolidar.com/exit-plan-guide) Aha! Planner: https://zolidar.com/exit-financial-plan (https://zolidar.com/exit-financial-plan) Zolid AI: https://zolidar.com/dashboard?zolidai=true (https://zolidar.com/dashboard?zolidai=true) ZOLIDAR SOCIAL MEDIA LinkedIn: https://www.linkedin.com/company/zolidar/ (https://www.linkedin.com/company/zolidar/) YouTube: https://www.youtube.com/@zolidar (https://www.youtube.com/@zolidar) X: https://x.com/zolidar (https://x.com/zolidar) Instagram: https://www.instagram.com/zolidar_com (https://www.instagram.com/zolidar_com) Facebook: https://www.facebook.com/zolidario (https://www.facebook.com/zolidario) MAILBAG EPISODES | GET IN TOUCH WITH US We'd love to feature your voice in an upcoming mailbag episode! Maybe you've got a question for us? You can leave us a voicemail at 650-203-6565, or if you prefer, send an email to social@zolidar.com. But remember, voicemails make for more engaging episodes—we want to hear your actual voice! Click here to view the episode transcript. (https://share.transistor.fm/s/eb699a81/transcript) © Copyright 2025 Zolidar, Inc. Note: This podcast is not investment advice, and is intended for informational and entertainment purposes only. The views expressed in this episode are solely those of the guest(s) and do not necessarily reflect the opinions of the host or Zolidar. LISTEN ON YOUR FAVORITE PODCAST APP: Spotify: https://open.spotify.com/episode/70jyotfKK3BSppwEuum5xI (https://open.spotify.com/episode/70jyotfKK3BSppwEuum5xI) Apple: https://podcasts.apple.com/us/podcast/employee-ownership-will-eclipse-m-a-for-smbs/id1793273251?i=1000689641859 (https://podcasts.apple.com/us/podcast/employee-ownership-will-eclipse-m-a-for-smbs/id1793273251?i=1000689641859) YT: https://www.youtube.com/watch?v=3c8A3kHID8k&list=PL8U8GQPqeIJgF2PeoiTeoVaFwl0tdIMxI&index=2 (https://www.youtube.com/watch?v=3c8A3kHID8k&list=PL8U8GQPqeIJgF2PeoiTeoVaFwl0tdIMxI&index=2) Audible: https://music.amazon.com/podcasts/e9fe6479-8499-4a29-9b51-cc164d686d79/episodes/0fb09a5a-78eb-499e-83c0-70070b577440/bicycle-for-the-eo-mind-employee-ownership-will-eclipse-m-a-for-smbs-welcome-to-zolidar's-podcast (https://music.amazon.com/podcasts/e9fe6479-8499-4a29-9b51-cc164d686d79/episodes/0fb09a5a-78eb-499e-83c0-70070b577440/bicycle-for-the-eo-mind-employee-ownership-will-eclipse-m-a-for-smbs-welcome-to-zolidar) YT Music: https://www.youtube.com/watch?v=xNg9P9aYX10&list=PL8U8GQPqeIJh_1UfW234RmiPXJ6PYE1o1&index=2 (https://www.youtube.com/watch?v=xNg9P9aYX10&list=PL8U8GQPqeIJh_1UfW234RmiPXJ6PYE1o1&index=2) PocketCasts: (https://pca.st/...)

Reach and audience

Public platform figures. Ratings count people who left a rating, not total listeners.

YouTube views

1,392

Score snapshot 15 Sept 2025

Apple Podcasts (US)

5.0 / 5

2 ratings

Podcast Authority Score: 59 / 100

A composite of feed quality, social presence, YouTube performance and engagement. Read the methodology.

Quality

59

Social presence

90

YouTube

68

Engagement

32