EOA Podcast: Episode 9: The importance of succession planning

Episode 9 of the EOA Podcast focuses on the importance of succession planning in a business.

It has been said that the next five years are critical for 120,000 businesses in relation to succession, with a significant proportion of family owned or small to medium-sized businesses not having succession plans despite founders or business owners retiring in the next five years.

This episode raises awareness of the importance of succession planning and how employee ownership fits into the mix of different solutions.

We hear from the MD of an employee-owned business and an EO consultant, before exploring the benefits of rooting businesses in communities with a charitable trust.

Episode interviews

Tenscare/FSB: Neil Wright is Managing director of employee-owned Tenscare, which supplies drug-free solutions to help users feel better naturally, and is also the National Lead for employee ownership with the Federation of Small Businesses (FSB).

Baxendale Employee Ownership: Emily Alston is an employee ownership consultant from our Annual Conference headline sponsors. As well as working for Baxendale, Emily used to work for employee-owned business Mike Stoane Lighting and is a former member of the EOA Board.

Power to Change: Tim Davies-Pugh is Chief Executive of the independent charitable trust, which aims to strengthen, support and grow community businesses in its role as an enabler and a funder, and which supports the Ownership Hub, the partnership between the EOA and Co-operatives UK that aims to grow employee and worker ownership.

You can also hear all the latest news, events and insights from the EOA this month, while the episode ends asking someone from within the EO sector: ‘why do you love employee ownership?’

You can use the links below to listen to the episode, or you can listen on Apple Podcasts, Google Podcasts, Spotify, Anchor, Overcast, Breaker, Castbox, Pocket Casts, RadioPublic and Stitcher.

Listen below or view the full episode schedule here.