Make Everyone An Owner  last update: April 2006  |  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 and 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. more... *US Census Bureau and WSJ, p1, 5/20/05 » The Economic Engine of Any Economy » Best Practices - Learn more every day » Four boxes that open forever » Principles for a lifetime Key Ideas from this episode of the show Succession is Success 1. Give Employees Ownership 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 American Icons » Onions, beets and the sweetest corn » Drucker for Dummies: California Kaizen » Take on a few investors/mentors » Think Big - Think Heavy Metal » Understanding pricing » 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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