The Potential of Employee Ownership Trusts with Simon Morton
Are you wondering how to unlock the advantages of an Employee Ownership Trust (EOT)? Simon Morton, founder of Eyeful Presentations, will show you the exact steps he took to build his management team and exit on his terms. Simon recently sold the business to an EOT, and in this episode, he will outline the exact process he used to make it happen. Simon will explain why he decided to go down the EOT route and how it was the best option for his business. He’ll also explore the other two options he considered – a trade sale and a management buyout – and provide insight into why he ultimately chose the EOT. Finally, Simon will provide advice on how to get the most out of an EOT and how to ensure a successful transition. So if you’re looking to maximize the value of your business when you exit, stay tuned to learn more about the benefits of an Employee Ownership Trust.
In this episode, you will learn the following:
1. How did Simon Morton transition away from his business while still supporting the employees?
2. What is an Employee Ownership Trust and how did it work for Eyeful?
3. How did Simon Morton and his leadership team decide which of the three options to pursue?
For more on this topic and perspective, check out this episode on Succession Plus Youtube Channel, Exit Insights Spotify, and Exit Insights Apple Podcast.