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Show Highlights

A lot of small businesses have a romanticized idea of what "shares" in a business actually mean. Float On did, once upon a time. What does it mean to give shares of your company to someone? Is it a good way to reward a valuable and dedicated employee? Are there other, more appropriate rewards that you can offer instead?

Graham and Ashkahn review this question in detail, sharing many questions that any float center owner should consider before offering an employee ownership of your company.

Listen to Just the Audio

Transcription of this episode... (in case you prefer reading)

Ashkahn: Hey

Graham: Hi.

Ashkahn: Hey everybody. This is Ashkahn.

Graham: I am Graham Patrick Talley.

Ashkahn: This next question has just come straight out of the oven, can you smell it?

Graham: I have it right here, I have it right here somewhere. I set it on the counter. Take it out of the window here.

Ashkahn: It's just gotta cool.

Graham: “My employee is asking for a raise. They absolutely deserve it, but I can't afford it.” Classic. “I was thinking of offering them shares in my company. They're a great employee and are basically family and I don't want to lose them. Any advice you can give me?”

Ashkahn: Yeah, I mean it's tough.

Graham: It's tough being a float center owner, you know?

Ashkahn: It's a predicament I feel like everybody is in, right? People who work in float centers, if they're good employees tend to be really passionate. They're with you, they're awesome,