{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"EP327 Rethinking Succession - Why Employee Ownership Might Be your Legacy Move","description":"With over $2 trillion in business assets at stake and 91% of Canadian business owners without a succession plan, we\u2019re facing a real crisis. In this episode, host Colleen O\u2019Connell-Campbell chats with Charlie Iscoe, whose venture - CommonShares - is flipping the script on business exits.   Charlie brings Wall Street investment experience and a mission to keep Canadian businesses local by transitioning ownership to employees. He explains how their model allows retiring owners to receive fair market value while protecting their teams and communities.   If you\u2019re a founder who says, \u201cI\u2019ll deal with it eventually\u201d - this episode is your wake-up call.   \ud83d\udd11 Key Highlights   The succession gap in Canada: 91% of business owners have no plan in place. The CommonShares model: Founders get paid a fair price, and ownership transitions gradually to employees. Why it matters: Preserves legacy, protects jobs, and keeps Canadian companies Canadian. Types of businesses they acquire: Light manufacturing, professional services (architecture, engineering, accounting), property services, etc. The people factor: How a bench of 100+ operators helps ensure continuity post-exit. What founders can do now: Start documenting what matters - financial goals, legacy values, level of future involvement. \ud83d\udcac Fun, Frank Advice from Charlie   \u201cIf you\u2019re listening to this, it\u2019s probably because you\u2019ve built something remarkable. So don\u2019t let your exit be an afterthought. Take time. Get it right. This isn\u2019t just a transaction - it\u2019s your legacy.\u201d   Want to explore your own succession plan? Colleen offers a complimentary 1:1 Wealth Gap Analysis - to bridge the gap between your business success and personal financial freedom. \ud83d\udc49 Connect on LinkedIn - Colleen O\u2019Connell-Campbell - or email to book your session.   \ud83d\udcdd Enjoying the podcast? Help us grow! Leave a 5-star rating and a short review. Every review helps more entrepreneurs find us. *** The Cash Rich Exit Podcast is brought to you by O\u2019Connell-Campbell Wealth Management at RBC Dominion Securities.   All opinions expressed by the host, Colleen O\u2019Connell-Campbell, and podcast guests are solely their own opinions and do not reflect the opinion of RBC Dominion Securities.   This podcast is for informational purposes only before taking any action based on information in this podcast you should consult with a qualified professional.   Colleen O\u2019Connell-Campbell is a Wealth Advisor at RBC Dominion Securities, a member of the Canadian Investor Protection Fund. ","author_name":"The Cash Rich Exit Podcast","author_url":"http:\/\/thecashrichexitpodcast.libsyn.com\/website","html":"