In this episode of Exit Velocity, Amy Morin sits down with Michael Kenneth, President of WealthPoint, to break down one of the most misunderstood exit strategies in business: ESOPs (Employee Stock Ownership Plans). Many owners assume ESOPs are only for massive companies or purely altruistic business owners. Michael explains why that’s not true — and how ESOPs can create liquidity, preserve company culture, reward employees, and help owners transition out of day-to-day operations without sacrificing legacy. Amy and Michael also explore the connection between EOS and ESOP readiness, including: What makes a company a strong ESOP candidate Common misconceptions around employee ownership Why leadership teams and accountability increase business value How operational structure impacts valuation The realities of repurchase obligations The long-term f ...