Intentional Growth

Intentional Growth

By Arkona - Intentional GrowthBusinessEntrepreneurshipInvestingManagement
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Intentional Growth episodes

  • #162: What is an ESOP: A Deep Dive on How Employee Stock Ownership Plans Work
    Today I’m talking about ESOPs (or Employee Stock Ownership Plans) with Dave Diehl, CFA. Dave is the CEO of Prairie Capital Advisors (one of the leading ESOP specialists in the country), based out of Chicago. Prairie Captial is unique because of their range of expertise, which covers both ESOPs as well as selling to a private equity firm. They really have the best interest of the client in mind. Dave talks about the basics of ESOPs in layman’s terms so everyone can understand the benefits of this type of exit process.
    What you will learn:
    Dave’s background
    A brief history of ESOPs
    How is an ESOP an exit process?
    What does the process of an ESOP entail?
    How an ESOP gets valued
    What your roles and responsibilities are when working with a trustee
    How you get your money (percentage upfront vs. what percentage comes over time)
    All the tax benefits which come with the ESOP process
    How ESOPs impact the culture of your business
    What are the pros of an ESOP?
    What are the cons of an ESOP?
    Takeaway:
    Are you a viable candidate for an ESOP? There are a lot of pros that come with selling to your employees.
    Links and Resources:
    Prairie Capital Advisors
    David Diehl, CFA 
    ARKONA Boot Camp 
    About Dave:
    Dave Diehl is the Chief Executive Officer of Prairie Capital Advisors. Dave provides closely-held businesses with a complete understanding of the best available options for their ownership transition needs. He expertly executes projects for mergers and acquisitions (M&A), management buyouts (MBO), Employee Stock Ownership Plans (ESOPs), estate planning and other corporate finance purposes. Dave serves as a trusted advisor to a diverse range of clients nationwide delivering highly strategic consultation.
    With extensive end-to-end management experience and a focus on his clients’ success, Dave helps ensure an exceptional ownership transition experience. Dave is a CFA Charterholder and is on the board of directors of two companies – a manufacturer of plastic parts and a financial consulting firm. He is also a frequent speaker in forums around the country on topics including ownership transition, valuation, capital management, and business sale. He is also a past chair of the Advisory Committee on Valuation with the ESOP Association.
    58 min
  • #162: What is an ESOP: A Deep Dive on How Employee Stock Ownership Plans Work
    Today I’m talking about ESOPs (or Employee Stock Ownership Plans) with Dave Diehl, CFA. Dave is the CEO of Prairie Capital Advisors (one of the leading ESOP specialists in the country), based out of Chicago. Prairie Captial is unique because of their range of expertise, which covers both ESOPs as well as selling to a private equity firm. They really have the best interest of the client in mind. Dave talks about the basics of ESOPs in layman’s terms so everyone can understand the benefits of this type of exit process.
    What you will learn:
    Dave’s background
    A brief history of ESOPs
    How is an ESOP an exit process?
    What does the process of an ESOP entail?
    How an ESOP gets valued
    What your roles and responsibilities are when working with a trustee
    How you get your money (percentage upfront vs. what percentage comes over time)
    All the tax benefits which come with the ESOP process
    How ESOPs impact the culture of your business
    What are the pros of an ESOP?
    What are the cons of an ESOP?
    Takeaway:
    Are you a viable candidate for an ESOP? There are a lot of pros that come with selling to your employees.
    Links and Resources:
    Prairie Capital Advisors
    David Diehl, CFA 
    ARKONA Boot Camp 
    About Dave:
    Dave Diehl is the Chief Executive Officer of Prairie Capital Advisors. Dave provides closely-held businesses with a complete understanding of the best available options for their ownership transition needs. He expertly executes projects for mergers and acquisitions (M&A), management buyouts (MBO), Employee Stock Ownership Plans (ESOPs), estate planning and other corporate finance purposes. Dave serves as a trusted advisor to a diverse range of clients nationwide delivering highly strategic consultation.
    With extensive end-to-end management experience and a focus on his clients’ success, Dave helps ensure an exceptional ownership transition experience. Dave is a CFA Charterholder and is on the board of directors of two companies – a manufacturer of plastic parts and a financial consulting firm. He is also a frequent speaker in forums around the country on topics including ownership transition, valuation, capital management, and business sale. He is also a past chair of the Advisory Committee on Valuation with the ESOP Association.
    58 min
  • #161: The Role of an M&A Attorney, Due Diligence and How to Maximize Your Sale Price
    Today I’m talking with Daniel L. Grimsrud from the law offices of Best & Flanagan LLP. Dan and I talk about what the role of a mergers and acquisitions (M&A) attorney, how due diligence can help you keep the value you want, the importance of finding an exit strategy early, and how to hire and work with a team of advisors. 
    What you will learn:
    Dan’s background
    What does a Mergers and Acquisitions (M&A) Attorney do?
    What does an M&A Attorney NOT do?
    How does that compare to the “big box” lawyer firms?
    What does the due diligence process look like?
    What do M&A Attorneys look for?
    What to look for (and look out for) when finding an attorney for you
    Why look for an exit plan early?
    Takeaway:
    Due diligence can be difficult and tedious but is worth the time and effort. 
    Links and Resources:
    Best & Flanagan
    Dan Grimsrud
     
    Growth and Exit Bootcamp
    ARKONA Boot Camp
    Promo Code: LAB10 for 10% off, (good until September 9th) 
    About Dan:
    Dan started in accounting but decided to law school knowing he wanted to help people buy and sell their own businesses. He serves as an advisor to privately held companies and tax-exempt organizations of all shapes and sizes, providing thoughtful and practical advice on a variety of issues including structure and governance, contract and regulatory matters, tax, and transition planning and mergers and acquisitions. In addition, Dan works with members of the firm’s litigation and dispute resolution team to identify and implement practical solutions to governance and management disputes. He specializes in:
     Completion of dozens of M&A transactions representing buyers, sellers and other constituents in transactions involving amounts ranging from a few hundred thousand to several hundred million dollars.
    Planning and execution of a variety of corporate reorganizations, including tax-free spinoffs, combinations, and conversions involving multiple entities and owners.
    Resolution of shareholder disputes, including several litigated matters.
    Design and implementation of various strategic initiatives to improve tax, operational and governance efficiency and facilitate transition planning.
    1 hr
  • #161: The Role of an M&A Attorney, Due Diligence and How to Maximize Your Sale Price
    Today I’m talking with Daniel L. Grimsrud from the law offices of Best & Flanagan LLP. Dan and I talk about what the role of a mergers and acquisitions (M&A) attorney, how due diligence can help you keep the value you want, the importance of finding an exit strategy early, and how to hire and work with a team of advisors. 
    What you will learn:
    Dan’s background
    What does a Mergers and Acquisitions (M&A) Attorney do?
    What does an M&A Attorney NOT do?
    How does that compare to the “big box” lawyer firms?
    What does the due diligence process look like?
    What do M&A Attorneys look for?
    What to look for (and look out for) when finding an attorney for you
    Why look for an exit plan early?
    Takeaway:
    Due diligence can be difficult and tedious but is worth the time and effort. 
    Links and Resources:
    Best & Flanagan
    Dan Grimsrud
     
    Growth and Exit Bootcamp
    ARKONA Boot Camp
    Promo Code: LAB10 for 10% off, (good until September 9th) 
    About Dan:
    Dan started in accounting but decided to law school knowing he wanted to help people buy and sell their own businesses. He serves as an advisor to privately held companies and tax-exempt organizations of all shapes and sizes, providing thoughtful and practical advice on a variety of issues including structure and governance, contract and regulatory matters, tax, and transition planning and mergers and acquisitions. In addition, Dan works with members of the firm’s litigation and dispute resolution team to identify and implement practical solutions to governance and management disputes. He specializes in:
     Completion of dozens of M&A transactions representing buyers, sellers and other constituents in transactions involving amounts ranging from a few hundred thousand to several hundred million dollars.
    Planning and execution of a variety of corporate reorganizations, including tax-free spinoffs, combinations, and conversions involving multiple entities and owners.
    Resolution of shareholder disputes, including several litigated matters.
    Design and implementation of various strategic initiatives to improve tax, operational and governance efficiency and facilitate transition planning.
    59 min
  • #161: The Role of an M&A Attorney, Due Diligence and How to Maximize Your Sale Price
    Today I’m talking with Daniel L. Grimsrud from the law offices of Best & Flanagan LLP. Dan and I talk about what the role of a mergers and acquisitions (M&A) attorney, how due diligence can help you keep the value you want, the importance of finding an exit strategy early, and how to hire and work with a team of advisors. 
    What you will learn:
    Dan’s background
    What does a Mergers and Acquisitions (M&A) Attorney do?
    What does an M&A Attorney NOT do?
    How does that compare to the “big box” lawyer firms?
    What does the due diligence process look like?
    What do M&A Attorneys look for?
    What to look for (and look out for) when finding an attorney for you
    Why look for an exit plan early?
    Takeaway:
    Due diligence can be difficult and tedious but is worth the time and effort. 
    Links and Resources:
    Best & Flanagan
    Dan Grimsrud
     
    Growth and Exit Bootcamp
    ARKONA Boot Camp
    Promo Code: LAB10 for 10% off, (good until September 9th) 
    About Dan:
    Dan started in accounting but decided to law school knowing he wanted to help people buy and sell their own businesses. He serves as an advisor to privately held companies and tax-exempt organizations of all shapes and sizes, providing thoughtful and practical advice on a variety of issues including structure and governance, contract and regulatory matters, tax, and transition planning and mergers and acquisitions. In addition, Dan works with members of the firm’s litigation and dispute resolution team to identify and implement practical solutions to governance and management disputes. He specializes in:
     Completion of dozens of M&A transactions representing buyers, sellers and other constituents in transactions involving amounts ranging from a few hundred thousand to several hundred million dollars.
    Planning and execution of a variety of corporate reorganizations, including tax-free spinoffs, combinations, and conversions involving multiple entities and owners.
    Resolution of shareholder disputes, including several litigated matters.
    Design and implementation of various strategic initiatives to improve tax, operational and governance efficiency and facilitate transition planning.
    59 min
  • #160: Get Your Business Out of Your Brain & Increase the Value of Your Company
    Today I’m talking with Chris Ronzio. He is an author, a coach, a speaker, an investor, and an entrepreneur. He is the founder and CEO of a tool for growing businesses, called Trainual, as well as a business consulting agency, called Organize Chaos.
    What you will learn:
    How Chris fell in love with entrepreneurship 
    How to effectively and smoothly sell a business
    Finding a hidden value of your business
    The importance of “There has to be a better way”
    How Chris builds a business
    Why a playbook is important
    The first steps in order to adopt a playbook
    Takeaways:
    You need to capture the things you and your employees have learned in your business. The asset in your business is your knowledge of the business.
    Links and Resources:
    Chris Ronzio
    LinkedIn
    Trainual
    Trainual Worksheet
    Organize Chaos
    100 Hacks to Improve Your Business
    Design Pickle
    ARKONA Boot Camp 
    About Chris:
    Chris Ronzio started his first business when he was 14, and throughout his entrepreneurial journey, he developed a passion for technology, efficiency, and making business easier. Chris spent a decade building a national video production company that would net over $3 million and sold that business before turning 25, at which point he started a consulting agency called Organize Chaos. After working directly with hundreds of entrepreneurs, Chris and his team created a software tool to help organize small and growing businesses.
    He is also an investor, part-owner, and/or on the board of 5 other companies, an Inc Magazine columnist, and the author of “100 Hacks To Improve Your Business.” As a speaker, Chris combines his experience as a life-long diabetic, a serial entrepreneur, startup leader, and athlete to share unique lessons and actionable insights that resonate with all types of professional audiences.
    55 min
  • #160: Get Your Business Out of Your Brain & Increase the Value of Your Company
    Today I’m talking with Chris Ronzio. He is an author, a coach, a speaker, an investor, and an entrepreneur. He is the founder and CEO of a tool for growing businesses, called Trainual, as well as a business consulting agency, called Organize Chaos.
    What you will learn:
    How Chris fell in love with entrepreneurship 
    How to effectively and smoothly sell a business
    Finding a hidden value of your business
    The importance of “There has to be a better way”
    How Chris builds a business
    Why a playbook is important
    The first steps in order to adopt a playbook
    Takeaways:
    You need to capture the things you and your employees have learned in your business. The asset in your business is your knowledge of the business.
    Links and Resources:
    Chris Ronzio
    LinkedIn
    Trainual
    Trainual Worksheet
    Organize Chaos
    100 Hacks to Improve Your Business
    Design Pickle
    ARKONA Boot Camp 
    About Chris:
    Chris Ronzio started his first business when he was 14, and throughout his entrepreneurial journey, he developed a passion for technology, efficiency, and making business easier. Chris spent a decade building a national video production company that would net over $3 million and sold that business before turning 25, at which point he started a consulting agency called Organize Chaos. After working directly with hundreds of entrepreneurs, Chris and his team created a software tool to help organize small and growing businesses.
    He is also an investor, part-owner, and/or on the board of 5 other companies, an Inc Magazine columnist, and the author of “100 Hacks To Improve Your Business.” As a speaker, Chris combines his experience as a life-long diabetic, a serial entrepreneur, startup leader, and athlete to share unique lessons and actionable insights that resonate with all types of professional audiences.
    53 min
  • #160: Get Your Business Out of Your Brain & Increase the Value of Your Company
    Today I’m talking with Chris Ronzio. He is an author, a coach, a speaker, an investor, and an entrepreneur. He is the founder and CEO of a tool for growing businesses, called Trainual, as well as a business consulting agency, called Organize Chaos.
    What you will learn:
    How Chris fell in love with entrepreneurship 
    How to effectively and smoothly sell a business
    Finding a hidden value of your business
    The importance of “There has to be a better way”
    How Chris builds a business
    Why a playbook is important
    The first steps in order to adopt a playbook
    Takeaways:
    You need to capture the things you and your employees have learned in your business. The asset in your business is your knowledge of the business.
    Links and Resources:
    Chris Ronzio
    LinkedIn
    Trainual
    Trainual Worksheet
    Organize Chaos
    100 Hacks to Improve Your Business
    Design Pickle
    ARKONA Boot Camp 
    About Chris:
    Chris Ronzio started his first business when he was 14, and throughout his entrepreneurial journey, he developed a passion for technology, efficiency, and making business easier. Chris spent a decade building a national video production company that would net over $3 million and sold that business before turning 25, at which point he started a consulting agency called Organize Chaos. After working directly with hundreds of entrepreneurs, Chris and his team created a software tool to help organize small and growing businesses.
    He is also an investor, part-owner, and/or on the board of 5 other companies, an Inc Magazine columnist, and the author of “100 Hacks To Improve Your Business.” As a speaker, Chris combines his experience as a life-long diabetic, a serial entrepreneur, startup leader, and athlete to share unique lessons and actionable insights that resonate with all types of professional audiences.
    53 min
  • #159: Taking Checks vs Giving Checks: 5 Key Elements to 15% Annual Growth
    Duane Smith is the CEO of True North Companies (a business which aims to help entrepreneurs strategically). In this episode, I talked with calm, cool, and collected Duane about how businesses can thrive as long as they have the five key elements of success. We also talked about his “tuition payments”, the theories behind his structural entrepreneur platform, and what the five key elements are and how you can improve on them. 
    What you will learn:
    The importance of creating and following your vision statement
    The difference between ownership and leadership
    What is a perpetual legacy transition plan?
    The 5 key elements of success
    What is Duane’s structural entrepreneur platform?
    The importance of building the environment which can attract and build performance
    How you build transparency in a company
    The importance of growth, your business culture, client experience and operation, finance & accounting
    Takeaways:
    Try to determine what you want and why. What are the targets and strategies you are trying to execute? How do you consistently execute those things in the day-to-day functions of the business while also building a culture which wraps around all that? 
    Links and Resources:
    Duane Smith
    True North Companies
    EntreFest
    ARKONA Boot Camp
    About Duane:
    Duane Smith started off in the insurance business and life was great until interest rates skyrocketed and he suddenly needed to foreclose on the people he went to church with. That’s when he knew he needed a change.
    He is a jack-of-all-trades, having worked with insurance, risk management, mergers & acquisitions, succession planning, and volunteering for the Chamber of Commerce, and development committees.
    When working with their clients, Duane morphs into a professional partner. In this position, he is able to work closely with their clients in order to assist in strategic succession planning, mergers, and acquisitions. His experience and intuition allows him to construct personalized packages for each client, in order to meet their needs. He can also work as a consultant in order to guide organizations to success.
    1 hr 6 min
  • #159: Taking Checks vs Giving Checks: 5 Key Elements to 15% Annual Growth
    Duane Smith is the CEO of True North Companies (a business which aims to help entrepreneurs strategically). In this episode, I talked with calm, cool, and collected Duane about how businesses can thrive as long as they have the five key elements of success. We also talked about his “tuition payments”, the theories behind his structural entrepreneur platform, and what the five key elements are and how you can improve on them. 
    What you will learn:
    The importance of creating and following your vision statement
    The difference between ownership and leadership
    What is a perpetual legacy transition plan?
    The 5 key elements of success
    What is Duane’s structural entrepreneur platform?
    The importance of building the environment which can attract and build performance
    How you build transparency in a company
    The importance of growth, your business culture, client experience and operation, finance & accounting
    Takeaways:
    Try to determine what you want and why. What are the targets and strategies you are trying to execute? How do you consistently execute those things in the day-to-day functions of the business while also building a culture which wraps around all that? 
    Links and Resources:
    Duane Smith
    True North Companies
    EntreFest
    ARKONA Boot Camp
    About Duane:
    Duane Smith started off in the insurance business and life was great until interest rates skyrocketed and he suddenly needed to foreclose on the people he went to church with. That’s when he knew he needed a change.
    He is a jack-of-all-trades, having worked with insurance, risk management, mergers & acquisitions, succession planning, and volunteering for the Chamber of Commerce, and development committees.
    When working with their clients, Duane morphs into a professional partner. In this position, he is able to work closely with their clients in order to assist in strategic succession planning, mergers, and acquisitions. His experience and intuition allows him to construct personalized packages for each client, in order to meet their needs. He can also work as a consultant in order to guide organizations to success.
    1 hr 4 min

About Intentional Growth

From the publisher's feed

Intentional Growth™ is a podcast is a podcast for entrepreneurs and business owners wanting to view - and run - their company like a financial asset so they can have fun, create wealth, and make an impact. Truly make the entire journey of owning and running a company "worth it".