ESOP as a Means to Motivate

I’ve read arguments for and against providing employees with stock. Personally, I’m in favor. You don’t have to give up much to have it go a long way. Those who are truly aspiring entrepreneurs will leave regardless. But you can keep people on board longer and tap their efforts and creativity better when they feel they have ownership, however small. That’s my personal opinion. Here is a video from an Inc 500 company founder who feels the same way…and put action behind it by creating an employee stock ownership plan (ESOP).

 

http://video.inc.com/plugins/player.swf?v=e677e9cac8675

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About Tiffany C. Wright - The Resourceful CEO

Tiffany C. Wright is the author of “The Funding Is Out There! Access the Cash You Need to Impact Your Business” and “Solving the Capital Equation: Financing Solutions for Small Businesses.” She is the founder of The Resourceful CEO, which helps owners of small/medium-sized businesses prepare their businesses for sale. Tiffany has an MBA from the Wharton School of Business, sits on non-profit boards and serves as a business mentor with the Cherie Blair Foundation.
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