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Suggest who benefitsDashboard: Smart People Are Hanging on to Their Cash
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Suggest questionThe problem, says David Barnett, who helps people buy and sell businesses, is that if we all hang on to our cash, we will definitely have a recession. David, who’s based in Canada, also talks about how the current disruption looks from north of the border, what advice he’s giving to people trying to buy or sell businesses, and where there might be opportunities lurking within the uncertainty.
About 21 Hats
The proponents of employee stock ownership plans can make them sound like the greatest thing ever. A business owner can take a big chunk of money off the table—or even all of it—while still getting to run the business. And there are some pretty great tax breaks. Oh, and it will also solve income inequality in America. On the other hand, if ESOPs are so smart, why are there so few of them?
Jim Kalb of Triad Components Group in San Diego and Jeff Taylor of Crafts Technology in Chicago have both implemented ESOPs. Jay Goltz of the Goltz Group in Chicago has reached his 60s without a succession plan, and he’s considering his options. In this 21 Hats Conversation, you get to listen in on a street-smart discussion of the pluses and minuses of ESOPs from the business owner’s point of view.