{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Bicycle For The EO Mind","title":"Building Eudaimonia as an ESOP: Employee Owners at JOMA Construction","html":"","width":"100%","height":180,"duration":3776,"description":"John Newland from JOMA Construction needed an exit that would prevent culture disruption, offered financing, and guaranteed his team would be taken care of. Plus, they wanted to keep building eudaimonia.In our conversation, John and Mackenzie share:The journey from flipping houses to a 30-owner ESOP success story.Why transparent communication from day one created trust throughout the transitionHow seller financing aligned long-term interests between owner and employees and avoided the “us vs them” mentalityMAILBAG | GET IN TOUCH WITH USWe'd love to feature your voice in an upcoming mailbag episode! Maybe you've got a question for us? You can leave us a voicemail at 650-203-6565, or if you prefer, send an email to social@zolidar.com. But remember, voicemails make for more engaging episodes—we want to hear your actual voice!ZOLIDAR LINKS:Home Page: https://zolidar.comPodcast: https://zolidar.com/podcastBlog: https://zolidar.com/blogZOLIDAR FEATURESDay Zero Guide: https://zolidar.com/exit-plan-guideAha! Planner: https://zolidar.com/exit-financial-planZolid AI: https://zolidar.com/dashboard?zolidai=trueZOLIDAR SOCIAL MEDIALinkedIn: https://www.linkedin.com/company/zolidar/YouTube: https://www.youtube.com/@zolidarX: https://x.com/zolidarInstagram: https://www.instagram.com/zolidar_comFacebook: https://www.facebook.com/zolidarioDEEP DIVE ANALYSISStrategic Transition PlanningEight-month timeline from decision to closing.Core values guided decision-making: teamwork, continuous improvement, do the right thing, and WOW customer service.Creative Deal Structure100% seller financing avoided traditional banking constraints.Structure aligned interests between seller and employeesOwner remained engaged post-transitionDemonstrated how smaller companies can make ESOP transitions workTrust-Based ImplementationCFO represented employee interests alongside trustee.Nine rounds of offer/counter-offer negotiations.Transparent communication from initial announcement.Ongoing education and...","thumbnail_url":"https://img.transistorcdn.com/uJqpzIPNlLKXYo1d9uhUg3Vxe9TXy51iWrNAFDOt9V0/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8wYjNm/ZjFhNmMxNmI5ZGNl/YTQwNjYzY2MzN2I4/M2E5MS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}