Episoder
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Switching careers can be quite an adventure, no matter how many times you've done it before. And when it comes to taking on a new role, especially in management, the challenge doubles. Suddenly, you're not just responsible for your daily tasks but also for building and nurturing relationships with your team. It's no easy feat, but it's a vital part of becoming a successful manager.
Join us for an exciting replay episode of Empowered Owners, where we sit down with Shannon Hayden, Customer Support Manager at TVF. With over two decades of management experience under her belt, Shannon understands the importance of getting to know her colleagues and fostering open communication to create strong working relationships. She shares some of her invaluable wisdom and personal insights gained from her journey as a manager.
You'll gain valuable insights into leadership, team dynamics, and Shannon's experiences in her new role at TVF. And to top it off, we even sprinkle in some nostalgic 80s and 90s throwbacks at the end.
In this episode, youâll learn:
The importance of building strong teams and how to foster an open dialogue.How to build rapport and strengthen relationships through proactive communication in a remote environment.The benefits of implementing an individualized management style.What we mean by âStewarding Excellenceâ â supporting our companies for the long termTimestamps:
[02:18] Shannonâs history in management
[10:10] Tips on how to embrace learning in a new role
[17:24] The importance of getting to know your colleagues
[18:55] Iconic 80s and 90s trends draft
[25:04] Takeaways from the conversation
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Embarking on a career path is a universal experience, where even the most seasoned professionals were once beginners. It's crucial to recognize that expertise is not acquired overnight. However, by implementing a few strategies, you can pave the way to success while taking those lessons into the future to help you become your best self.
In this replay episode of Empowered Owners, Jack West, Vice President at Firstar Precision Corp., discusses his diverse career journey, including two years in the military, his humble start at a gas station, working his way to a machine shop, and now, 22 years at Firstar.
Throughout this inspiring episode, Jack generously shares the wisdom he has acquired over the course of his professional career. Furthermore, he sheds light on how some of these invaluable skills have extended into his personal life, allowing him to discover and pursue a fulfilling hobby: managing his very own farm.
In this episode, youâll learn:
The importance of working together and building cordial relationships with colleagues, partners, and customers.How to build skills in the field and why continued learning is critical for success.Why it is important to be patient with younger employees who are learning a new field.What makes Empowered Ventures different as a business that buys businessesTimestamps:
[03:03] Jackâs career journey
[12:32] How working in a shop led to building projects for NASA
[16:09] The importance of patience when training new hires
[23:37] Why building relationships is important in the workplace
[32:01] Takeaways from the conversation
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Employee ownership holds the power to revolutionize workplace culture, but it's not a task for just one person.
It requires a collective effort to establish and sustain a positive team culture.
In this replay episode of Empowered Owners, Blake Theademan, a Customer Service Specialist at TVF, discusses the power of empathy, the value of understanding strengths, and his journey at an employee-owned organization.
How embracing a positive mindset can be a powerful tool in shaping our experiences at work. Making a conscious choice to approach each day with an optimistic outlook creates an environment where productivity and collaboration thrive.How transitioning into new roles offers opportunities to expand your skills and leverage your existing knowledge. By embracing these transitions, youâll learn new experiences and tap into the insights gained from previous roles to enhance your current responsibilities.How developing strong communication skills, including active listening and empathetic understanding, can strengthen relationships and build a supportive work culture. You can foster a more cohesive, caring, and empowering environment by honing your abilities to listen well and understand your colleagues' perspectives.
In this episode, youâll learn:
Jump into the conversation:[01:44] How Blake stays positive
[03:39] Blakeâs journey at TVF
[07:17] The impact of the Employee Ownership Committee
[13:42] Communication and effective listening skills
[21:35] Exciting times ahead for Blake
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Welcome back to Season 3 of Empowered Owners!
In this episode, Chris Fredericks, host and CEO of Empowered Ventures, discusses key milestones and achievements from the past year. He highlights the acquisition of Benoure Plumbing while also celebrating the ESOPâs success in surpassing a long-term goal ahead of schedule.
Looking forward, Chris outlines new multi-year goals and improved processes for future growth. He also introduces new team members, Christine Webb and Casey Grisez, who will be featured in upcoming episodes.
You wonât want to miss it.
Achieving Long-Term Goals Ahead of Schedule: Empowered Ventures reached a major milestone by growing its share price from $22 to $85 a year ahead of its 2025 target, showcasing its employee-owners collective efforts and dedication.Refining Acquisition Processes: Developing post-closing and due diligence playbooks has greatly improved the companyâs acquisition approach, ensuring smoother transitions for newly acquired businesses like Benoure Plumbing, Heating, and Air Conditioning.Sustainable Podcasting Approach: After initially releasing episodes weekly, Empowered Ventures is returning to a more sustainable bi-weekly schedule, ensuring each episode remains impactful and thoughtfully produced.
In this episode, youâll learn:
Jump into the conversation:(00:00) Introduction and update on Empowered Ventures
(00:43) Acquisition of Benoure Plumbing, Heating, and Air Conditioning
(01:22) Achieving the share price growth goal a year early
(02:35) Development of post-closing playbook for smoother transitions
(03:34) Creation of due diligence playbook for future acquisitions
(04:36) Adding new team members: Christine Webb and Casey Grisez
(05:15) Announcement of the podcast going back to a bi-weekly schedule
(06:11) Gratitude for the progress and support from employee-owners
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If part one left you wanting more, this one's for you!
Have you wondered about business valuations? Or ever struggled to understand the mystery behind ESOP account values?
Are you craving a clearer concept of what influences your account value and how to maximize it?In this episode, Chris Fredericks, CEO of Empowered Ventures, and Emily Bopp, Chief of Staff at Empowered Ventures, return with the second part of their discussion on the factors that affect ESOP account values.
In this episode, youâll learn:
How factors like future revenue, profits, and cash flow estimation drive the valuation of a business.The importance of the rate of return on your share price and how it reflects how your investment is growing or changing.How your account values are determined can foster a deeper connection to the business, enabling you to feel more invested in your contribution to its success.
Jump into the conversation:[01:29] Catch up with Chris and Emily
[03:03] How do I know whatâs in my account?
[03:51] Valuation of a business
[09:54] How is the value of my shares determined?
[12:47] Want more information? Reach out!
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Relationships and connections are important in your personal life and can have a positive impact on your professional life, too.
In fact, nurturing meaningful connections often serves as the cornerstone for these successful ventures.
In this episode of Empowered Owners, Robert Hinsch, Vice President at TVF, shares his journey of helping start the West Coast division of TVF, a story of humble beginnings, resourcefulness, and the power of strong relationships.
In this episode, youâll learn:
How embracing curiosity allows us to deepen our understanding of products, customers' needs, and the company's operations.How focusing on relationships with customers, vendors, and colleagues is a testament to the impact of strong connections in business. Nurture these relationships by showing empathy and prioritizing open communication.How appreciating and supporting fellow Employee Owners and building a positive and supportive work culture, contributes to the success of the company.
[02:22] Robertâs journey at TVF[05:44] How the textile industry has evolved[07:43] TVFâs origin story[15:34] Relationships and curiosity[19:47] The secret to TVFâs success
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Every business model has nuances, and employee ownership is no exception.
Have you ever wondered how shares are allocated and what influences their value, or how to understand the value in your ESOP account?
In this episode, Chris Fredericks, CEO of Empowered Ventures, and Emily Bopp, Chief of Staff at Empowered Ventures, discuss the details of how shares are allocated, determining their value, and what a âbenefit levelâ truly is.
We want you to walk away feeling empowered as an employee and equipped with an understanding of the âwhyâ behind the world of ESOP.
Understand how the number of shares in your ESOP account is decided and why it's distributed over time.Discover the concept of benefit level, which reflects the percentage of your compensation reflected in your ESOP account value.Learn about the annual addition of shares and how they accumulate over the years.
In this episode, youâll learn:
Jump into the conversation:[01:29] What influences account value?
[03:01] How shares are decided
[04:15] Distribution of shares
[06:47] What is a benefit level?
[13:28] Part 2 sneak peek
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Have you ever wondered how employee ownership can drive a culture of continuous learning and innovation within a company?
Yes? Good news.
In this episode of Empowered Owners, Lori Atone, Learning and Development Director at TVF, shares about the importance of continuous learning, knowledge sharing, and the impact of learning and development in an employee-owned organization.
The impact of learning and development in an employee-owned company.How to harness the power of strengths and continuous learning to drive personal and company growth.Unconventional approaches, like utilizing AI in the workplace, and their potential for our teams.
In this episode, youâll learn:
Jump into the conversation:[01:59] What a Learning and Development program entails
[04:08] How Lori started TVFâs L&D program
[07:06] The importance of L&D for an employee-owned organization
[11:27] Trying new things & failures
[16:10] Understanding employee personalities & learning styles
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Working at Empowered Ventures is more than an average job.
In fact, because of EV being an ESOP, you are a part owner with a stake in the success of the organization you work for.
In this episode of Empowered Owners, Kim Dinwiddie, Vice President of Human Resources at Empowered Ventures, shares her journey of transformation, growth, and the powerful narrative of employee ownership.
Kim explains the delicate dance of balancing compliance with compassion and how tailoring the HR approach to each unique environment within Empowered Ventures isn't just policyâit's a passion.
In this episode, youâll learn:
How strategic growth means knowing when to scale and adapt. As an Employee Owner, you play a significant role in this. Be proactive in identifying when it's time for your team to take new approaches or tackle different challenges.How the power of personalized, human-focused, HR practices demonstrates how integration and strategic thinking can enhance the employee experience.How enhancing your understanding of the business side of things can lead to a more empowered role within the company. Consider taking courses, reading up on industry news, or obtaining certifications that will help you speak the language of business more fluently.
Jump into the conversation:[02:49] Kimâs HR journey
[08:19] The misconceptions about HR
[10:36] Why Kim chose consulting
[21:45] How EV plans to handle future growth
[30:34] The true power of ESOP
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While you likely have a solid understanding of Empowered Ventures and its history, chances are you havenât heard some of the exciting details that went into crafting the family of businesses we know and love.
In this episode, Chris Fredericks, CEO of Empowered Ventures, and Emily Bopp, Chief of Staff at Empowered Ventures, take a trip down memory lane to discuss how Empowered Ventures came to be.
Whether you're a long-standing Employee Owner or a newcomer eager to dive into the world of ESOP, tune in to learn about the impactful experiences and transformations that have shaped the culture and spirit of Empowered Ventures.
How far Empowered Ventures has come in just a few years. Take a moment to reflect on our progress and the exciting potential that lies ahead. Remember, this is just the beginning.It's game-changing when you truly understand the impact of being an employee-owner. Think about how you've seen employee ownership create life-changing outcomes for yourself and your colleagues.The importance of the feedback loop. Your voice matters, and your feedback is invaluable in shaping the future of Empowered Ventures. Let's keep the conversation going.
In this episode, youâll learn:
Jump into the conversation:[02:11] How EV came to be
[04:04] Employee Ownership at TVF
[08:06] How ESOP is different
[12:40] Building Empowered Ventures
[23:32] Whatâs next for Empowered Ventures
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Employee ownership holds the power to revolutionize workplace culture, but it's not a task for just one person.
It requires a collective effort to establish and sustain a positive team culture.
And in this episode of Empowered Owners, Blake Theademan, Customer Service Specialist at TVF, shares about the power of empathy, the value of understanding strengths, and his journey at an employee-owned organization.
In this episode, youâll learn:
How embracing a positive mindset can be a powerful tool in shaping our experiences at work. Making a conscious choice to approach each day with an optimistic outlook creates an environment where productivity and collaboration thrive.How transitioning into new roles offers opportunities to expand your skills and leverage your existing knowledge. By embracing these transitions, youâll learn new experiences and tap into the insights gained from previous roles to enhance your current responsibilities.How developing strong communication skills, including active listening and empathetic understanding, can strengthen relationships and build a supportive work culture. You can foster a more cohesive, caring, and empowering environment by honing your abilities to listen well and understand your colleagues' perspectives.
Jump into the conversation:[01:44] How Blake stays positive
[03:39] Blakeâs journey at TVF
[07:17] The impact of the Employee Ownership Committee
[13:42] Communication and effective listening skills
[21:35] Exciting times ahead for Blake
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Creating a thriving employee ownership culture cannot be done alone.
In fact, it takes an entire team to create a workplace environment that truly embraces the power of employee ownership.
In this episode of Empowered Owners, Dawn Dilts, Customer Support Specialist at TVF, Sarah Neff, Accounts Receivable Clerk at Paramount Plastics, and Diane Bokar, Secretary/Treasurer at Firstar Precision, share their experience working together at the Employee Ownership Summit.
The importance of fostering an environment where all ideas are heard and considered, even if they may not all work out. Trying something and moving on is okay if it doesn't succeed.How successful engagement activities such as team-building exercises, lunch and learns, and family day events have had a positive impact on employee morale and engagement.The impact of exploring new topics within employee ownership, and never hesitating to ask âwhyâ when coming up with new solutions.
In this episode, youâll learn:
Jump into the conversation:[02:33] How the EV Employee Ownership Summit went
[03:18] The purpose of the summit
[08:42] Expectations vs reality of employee ownership
[11:34] How to be a culture champion
[14:47] Future questions for the Employee Ownership Summit
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While the notion that 'bigger and faster' may seem superior, that isnât always the case.
In this episode, Chris Fredericks, CEO of Empowered Ventures, and Emily Bopp, Chief of Staff at Empowered Ventures, discuss the growth strategy of Empowered Ventures. They share insights on how these strategies tie into the long-term goals when creating value and stability for the ESOP.
Tune in to better understand Empowered Ventures' strategic vision and thoughtful approach to growth.
How Empowered Ventures is taking a deliberate and cautious approach to adding companies to the portfolio, focusing on creating meaningful diversification for the ESOP. How recognizing the pitfalls of rapid expansion, Empowered Ventures is pacing growth and understanding that slow and steady can lead to a more enduring and robust enterprise.The Empowered Ventures approach is flexible, considering the changing dynamics of the market, the performance of existing companies, and the opportunities that may arise. By maintaining a patient and adaptable mindset, we can make informed decisions about the future of Empowered Ventures.
In this episode, youâll learn:
Jump into the conversation:[01:36] Chris and Emily review âSame as Everâ by Morgan Housel
[02:16] The downside of too much, too soon, too fast
[04:48] How many companies are we going to add?
[09:02] Meaningful diversification
[11:16] Slow and thoughtful growth
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Are you curious about the impact of employee ownership and the power of transparency in driving a company's culture and success? Want to learn more about how these factors influence leadership and organizational dynamics?
In this episode of Empowered Owners, Ben Haviland, Vice President at Paramount Plastics, discusses the transformative effects of employee ownership, the importance of transparency in leadership, and the inspiring initiatives that are shaping the future of the organization.
In this episode, youâll learn:
The importance of engaging in the decision-making process and being transparent with your colleagues! Taking the initiative to express your opinions and ideas matters more than you think. By embracing this transparency, you'll become an even more integral part of the company's success.Getting involved with local initiatives, contributing to charity events, or participating in volunteer activities can make a real impact outside of work. By getting involved, you will feel a greater sense of fulfillment and connection, both within the company and in your community.The benefits of employee ownership can positively impact your life. Learn how employee ownership at Paramount Plastics has influenced workplace culture, creating a sense of ownership and responsibility among all employees.
Jump into the conversation:[01:57] Making an impact at work
[04:41] Career changes and life-changing events
[10:09] Benâs experience with Employee Ownership
[14:19] The positive culture change at Paramount Plastics
[20:57] Transparency in leadership
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Can employee ownership be the secret ingredient for weathering the storms of business challenges?
Letâs find out.
In this episode, Chris Fredericks, CEO of Empowered Ventures, and Emily Bopp, Chief of Staff at Empowered Ventures, dive into questions about what happens if a company in the Empowered Ventures family is underperforming.
The candid conversations about leadership, accountability, and industry changes are designed to leave you inspired and assured that your role is pivotal to our collective success.
In this episode, youâll learn:
There is strength in employee ownership. We leverage employee ownership to excel in navigating storms like recessions or industry upheavals with greater stability.Real-world examples and strategies to tackle both short-term and long-term business challenges.How do we respond to underperformance? We're all about accountability, strategic pivots, and keeping an eagle eye on long-term success without compromising our culture.
Jump into the conversation:[01:36] The most interesting person to Emily
[06:22] External short term issues
[11:26] External long term event
[15:39] Underperforming businesses
[17:30] How EV supports leaders
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By diving into new experiences, youâll discover your strengths.
Especially when they open the door to personal growth.
Sure, it might feel a bit daunting, but more often than not, it's a chance to uncover hidden facets of yourself.
In this episode of Empowered Owners, Luke Orszag, President at Firstar Precision, shares his inspiring journey of personal growth and how dedication to trying new things and helping others has made a significant impact, not only on his career but also within the company.
The importance of trying new things and helping people. Embracing change and being open to new ideas can lead to exciting opportunities for personal and professional growth.How to embrace autonomy and trust. As employee-owners, this nurtures a sense of responsibility and fosters an environment where contributions are valued. The impact of employee ownership. The unique value proposition of employee ownership extends beyond traditional benefits, offering a direct impact on the success of the company.
In this episode, youâll learn:
Jump into the conversation:[01:40] The impact of studying abroad
[07:21] How Lukeâs love for learning evolved
[09:59] The importance of work ethic
[13:10] Examples of perseverance and a âcan-do attitudeâ
[16:39] Autonomy and employee ownership
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Do you ever wonder what it takes to support a group of successful companies and help them thrive?
Maybe this is something youâve wondered about but donât know where to start.
Good news.
In this episode, Chris Fredericks, CEO of Empowered Ventures, and Emily Bopp, Chief of Staff at Empowered Ventures, discuss the unique approach taken by Empowered Ventures to ensure the success of each and every company.
We hope you'll walk away feeling proud, empowered, and eager to embrace the foundational principles that fuel success within Empowered Ventures and beyond.
An "Empowered approach" is the secret sauce. We only buy healthy, successful companies with a competitive edge. This sets the foundation for long-term growth and stability for the companies we work with.Cultivating relationships with company leaders is key. They collaborate to align long-term goals, financial plans, and continuous support, all rooted in trust and empowerment.Building a community of companies is vital. We foster connections between our companies, creating a network where everyone benefits from collective success. There's strength in unity and shared resources.
In this episode, youâll learn: -
We all have challenges in life that we must endure, and these challenges shape us into the individuals we become.
In this episode of Empowered Owners, Jennie Rossi, Sales Forecasting and Planning Manager at TVF, takes us through her journey of personal growth and resilience while finding strength in gratitude for her accomplishments and the meaningful connections she has fostered at Empowered Ventures.
How to embrace change and challenges. The key is to come out of difficult times stronger and more resilient and identify positive growth areas.To practice gratitude in everyday life. By embracing gratitude, you'll find a more positive outlook on life, which can profoundly impact your well-being and work performance.Be supportive and open-minded. When you support those around you, it creates a culture of compassion and collaboration.
In this episode, youâll learn: -
Welcome back to the latest season of Empowered Owners!
In this episode, Chris Fredericks, CEO of Empowered Ventures, and Emily Bopp, Chief of Staff at Empowered Ventures, delve into the exciting world of employee ownership and discover where Empowered Ventures fits into it all.
But that's not itââThis episode also gives a sneak peek into the upcoming season, including special guest shoutouts of our interview rockstars.
You wonât want to miss it.
The various employee ownership models, including ESOPs, worker co-ops, and employee ownership trusts. Learn more about how these models benefit workers and gain insights into how Empowered Ventures fits into this landscape.How Empowered Ventures is making waves in the employee ownership space through assertive acquisition and a creative combination of approaches.Why an ESOP has an incredible future. As this model gains popularity, learn about the goals of Empowered Ventures.
In this episode, youâll learn: -
âTis the season of celebration! We are so grateful to each of our listeners and our guests who have helped make season one of Empowered Owners such a success. Thank you for joining us on this journey.
In this special holiday edition episode of Empowered Owners, Chris Fredericks, CEO of Empowered Ventures, and Emily Bopp, Chief of Staff at Empowered Ventures, discuss holiday memories, as well as a sneak peek into what you can expect for season two.
In this episode, youâll learn:
How the growth of the podcast has positively impacted Empowered Ventures as an organizationAll of the cozy feels as Chris and Emily dive into some of their favorite holiday memoriesWhat you can expect in the next season of Empowered Owners coming in 2024 - Vis mere
