Succession Planning, The Triple Bottom Line, and Setting Up an ESOP with Jonathan Orpin | E323
EPISODE 323: Do you wish you could sit down with a successful construction business CEO and pick his brain? This week’s interview with 30-year veteran CEO Jonathan Orpin is something you don’t want to miss.
In this episode, I sit down with Jonathan Orpin, CEO of multiple profitable companies, including New Energy Works and Pioneer Millworks.
Jonathan’s passion for energy conservation and sustainable building led him to establish multiple interconnected and profitable businesses.
Today, he shares how he transitioned his companies to 100% employee ownership by setting up an employee stock option plan (ESOP). He also explains how this plan ensures employees are well-invested in the company’s success, the best strategies for succession planning, and what businesses can achieve when prioritizing the triple bottom line approach.
If you’re intrigued by how businesses can drive positive change, this episode is a must-listen!
Key Takeaways:
Introduction (00:00)
Meet Jonathan Orpin and the businesses he built (02:26)
The inception of Jonathan’s New Energy Works (06:35)
The triple bottom line concept explained (08:50)
How to articulate the company’s mission & vision with your employees (12:44)
How to transition to 100% employee ownership (ESOP) (18:38)
Benefits and challenges of an ESOP (28:23)
Biggest mistakes most construction business owners make (37:16)
What are the top priorities of a CEO? (39:59)
The number one thing to look for when hiring an employee (46:11)
What people need to know when starting a business (48:27)
Rapid fire questions answered (53:22)
Keep up with Jonathan (55:37)
Additional Resources:
- Download your FREE strategic planning guide HERE
- Schedule your business evaluation call with our team HERE
- Join the FREE Get Out of Your Construction Business Masterclass HERE
Keep up with Jonathan’s works:
- Check out New Energy Works HERE
- Check out Pioneer Millworks HERE
--
The Construction Leading Edge Podcast helps construction business owners maximize their revenue, eliminate chaos, systematize their work, and win back their time.
Follow us on your favorite podcasting platform so you never miss an episode!