Make Everyone An Owner updated: March 2007 | view prior episode

Ownership Nation About creating wealth: Meet Ray Smilor of Beyster Institute at the Rady School of Management, UCSD. Economic Independence: This frontier appears to be most challenging -- economic freedom, but it's growing. Over 2M in the USA have a net worth over $1M. Over 450K have a net worth over $10M.* For most here on this site, the biggest goal was to own our own business. And, most of us have made great progress; but so much of our net worth is tied up in that business, liquidity is problematic. In this critical episode of the show we learn how to begin taking some of our equity out of the business through Employee-Stock Ownership programs. On broadband? more... *US Census Bureau and WSJ, p1, 5/20/05 » The Economic Engine of Any Economy » Best Practices - Learn more every day » Look at using your equity capital » Principles for a lifetime Key Ideas from this episode of the show Succession is Success 1. Give Employees Ownership Hattie Bryant 2. Learn From A Big Guy 3. Die In Peace 4. Use Ownership To Recruit 5. Take Out Some Cash 6. Value Your Business 7. Teach Ownership Thinking 8. Be A Team Player Liquidty and Equity Models » Study all eight options carefully » Take on a few investors/mentors » Sell to somebody like yourself » Sell to a publicly-traded company » Understand those financials » Lean on Your CPA » Calculate EDITDA more... Take a long view - act on it now » Local Chambers and our future » We are all becoming producers » Private equity market » The future of public television » Go to the next episode

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