There are 2,860 miles between Des Moines, Iowa and Cancun, Mexico. This distance is great enough that you don’t expect to run into anyone you know, much less several of them. Yet, while vacationing in Cancun with my family I ran into coworkers, students at my daughter’s school and someone who lived about a half mile from us (even though we didn’t know it until then). So much for anonymity. But, it is a great reminder of the importance of the Golden Rule:
Do unto others as you would have them do unto you.
Business owners that have sold all or part of their company to Employee Stock Ownership Plans understand this well. They recognize that many of the things that are important to them are also important to their employees.
Business owners are generally looking for a return in excess of what they could make as a salary working elsewhere. Employees also appreciate the upside potential that comes with ownership – a return on their sweat equity. They want the ability to see their wealth increase by more than just their salary as a result of their efforts. They want the knowledge that if things go well they can retire more comfortably than they could on their savings alone. Read more