Summary
Transitioning your small business to employee ownership can have positive impacts on employee engagement, productivity, and retention; anchor a lasting legacy for your efforts building the business; and offer a financially rewarding exit path that can be supported by experienced professional assistance. Small business owners throughout the United States are increasingly seeing employees as highly desirable buyers because their expertise operating business offers continuity, which buoys company value, and because of their commitment to the main street social fabric that could be jeopardized by outside buyers. With its case studies, documentation of the conversion process, and assessment templates, the Becoming Employee Owned: A Small Business Toolkit for Transitioning to Employee Ownership will equip economic developers nationwide to identify opportunities for employee ownership in their communities.