It doesn't take long to think about someone in your life that has stayed in the working world for longer than they may have liked. The retirement dream and target has changed a lot over the years, and that exit from the daily grind becomes more complicated when retiring from a business you own, and that entity has a less than certain future. How do you step away while still providing employment opportunities for your team? How do you get the full value for decades of hard work?

On this week's Mind Your Business, we unlock Employee Ownership, not only as an exit strategy for business owners, but also as an employee incentive for small businesses that dream of seeing their company and its culture survive for generations. Illa Burbank, Executive Director of the North Carolina Employee Ownership Center (NCEOC) is our guest this week, and she'll help provide a definition to employee ownership as we explore the different tools within this strategy. We'll also talk about how entrepreneurs can use this ownership system at the start of their business journey, giving them more options for their eventual exit.

The NCEOC is hosting the North Carolina Business Continuity & Employee Ownership conference in Raleigh on Wednesday, September 16th, where business owners can learn more about these strategies, and how employee ownership can be positioned as a unique employee retention incentive.

Following up on last week's episode, we'll give you the details about a major grant announcement that will have an impact on Western North Carolina's long-term economic recovery from Hurricane Helene.

Mind Your Business is written and produced weekly by the Boone Area Chamber of Commerce. This podcast is made possible thanks to the sponsorship support of Appalachian Commercial Real Estate.

Catch the show each Thursday afternoon at 5PM on WATA (1450AM & 96.5FM) in Boone.

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