Why every person in business is important - Succession Plus

Which Employee Share Ownership Plan is right for your business? Watch our Free Webinar 

Why every person in business is important


Why every person in business is important

By , May 16, 2018

In 1992, Bill Gates quoted in Forbes Magazine: 

“Take our 20 best people away, and I will tell you that Microsoft will become an unimportant company.”

What separates Microsoft from other companies is not its product, but its people.

The second quote on the same theme comes from Rupert Murdoch in the second of his series of Boyer Lectures in November 2008, in the midst of the worst global economic crisis in 100 years.

The subtitle of our book on Employee Share Ownership Plans and the Peak Performance Trust – Build It – is a simple question, “What would it mean to your business if your employees were as committed to achieving success as you are?”

We have been doing a lot of work with businesses looking to implement an employee share plan and scheme or profit share scheme in their business. Why? Because they recognise the importance of their people and the need to have them involved in the business at a higher level than just as an employee. This approach benefits both employee and employer and where it has been implemented successfully, immediate benefits result. In example, decrease in sick days being the most easily attainable and obvious measure of the change in attitude and approach.

As business owners, we rarely have sick days. If we can have our employees thinking and acting like business owners, this change in behaviour alone is worth a fortune to most business owners.

Get in touch with us to find out if an Employee Share Ownership Plan will work for your business.

"If you want to keep your company in the lead, you need to invest in your people."

Click to Tweet
Craig West

Craig West

Managing Director | Succession Plus

Craig West is a strategic accountant who has over 20 years’ experience advising business owners. His background as a CPA in public practice, provided invaluable experience in the key issues of concern to business owners. Following 6 years of study to gain two masters degrees, Craig focused on Capital Gains Tax (CGT) for business sales advising on strategic management of tax issues. This experience formed a very strong view that business owners (and often their advisers) were unprepared and unaware of the steps required to prepare a business for exit.

Craig now acts as a strategic mentor for mid-market business owners and has written four critically acclaimed books on employee incentives, succession planning, asset protection and exit strategies. Craig has conducted numerous seminars and keynote presentations throughout Australia & internationally, including adviser education programs for the Institute of Chartered Accountants and CPA Australia.

Interested in retaining your key employees?
Get your free ESOP whitepaper.