by johnireland | Business Builder
An Employee Ownership Trust (EOT) is a third succession route alongside a trade sale or passing the business to family. You sell your shares to a trust that holds a controlling stake for employees generally, usually paid in instalments rather than a lump sum. Where...
by johnireland | Articles
Most business owners planning their exit think in terms of two roads: sell to a trade buyer, or hand the business down to the next generation. There is a third option that has quietly become one of the most tax-efficient ways to step back from a company you have...
by johnireland | The Book Shelf
Traction by Gino Wickman is the book behind the Entrepreneurial Operating System (EOS), and while it is written as a growth manual, it is also a useful diagnostic for succession risk in owner-run UK businesses. Wickman’s six components – Vision, People,...
by johnireland | Articles
Most business owners run the business. Few build a business that can run without them. That is the uncomfortable truth sitting underneath Gino Wickman’s Traction: Get a Grip on Your Business, one of the most widely read management books of the last decade and...
by johnireland | The Book Shelf
John Warrillow’s Built to Sell is a short business fable with one test at its heart: if you were not here, would this still work? That is also the estate planning test. A business that depends entirely on its owner is not an asset that can be passed on — it is a...
