How Turning Your Business into a Co-Op Helps LGBTQ Workers | Queer Money Ep. 550
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How Turning Your Business into a Co-Op Helps LGBTQ Workers | Queer Money Ep. 550
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Can a Co-op business model help your business grow?
Episode 550 of the Queer Money podcast features guest Annie Winkler discussing the benefits of employee ownership in businesses. Annie explains how becoming part-owner of a company can lead to increased productivity, job satisfaction, and the establishment of LGBTQ generational wealth. They recount their experience transitioning Real Pickles into a worker-owned cooperative and delve into the impacts of democratic member control in co-ops versus ESOPs. The episode highlights the advantages for both business owners considering succession planning and employees seeking greater investment in their workplace.
Topics Covered
- 00:00 Introduction to Bare Minimum Mondays and Lazy Fridays
- 00:10 The Concept of Employee Ownership
- 00:28 Introducing Annie Winkler and Queerness in Business
- 00:53 Welcome to the Queer Money Podcast
- 01:52 Discussion on Pronouns and Non-Binary Identity
- 02:30 Exploring Employee Stock Purchase Plans
- 02:53 Challenges Faced by Employees Today
- 04:41 The Impact of Baby Boomers on the Economy
- 05:23 Statistics on Baby Boomers and Retirement
- 06:47 The Role of Wealth and Power in Employment
- 07:43 Annie Winkler's Journey to Employee Ownership
- 08:40 The Real Pickles Cooperative Experience
- 12:08 The Benefits of Worker-Owned Cooperatives
- 17:07 Comparing ESOPs and Worker Co-ops
- 20:25 Challenges and Benefits of Employee Ownership
- 26:09 Legacy Planning for Business Owners
- 29:57 Introduction to ESOPs
- 30:29 Trust and Control in ESOPs
- 31:41 Ownership and Leadership Transitions
- 32:57 Optimal Company Size for ESOPs and Co-ops
- 34:27 Financial Considerations and Valuation
- 35:41 Starting the Transition to Employee Ownership
- 41:53 Generational Wealth and Queer Community
- 48:03 VEOC and Employee Ownership Support
- 50:36 Dragon Boat Team and Personal Joys
- 52:35 Conclusion and Resources
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