209: Journey to an ESOP with Phillip Hayes of Berman Hopkins CPA & Assoc.

Today I have the pleasure of speaking with Phillip Hayes, Succession Planning Partner of Berman Hopkins. Phillip joined the Berman Hopkins team in 2000 and became the Succession Planning Partner in 2006. In 2010, he was named Managing Partner. He transitioned his role as Managing Partner in 2020 to pursue his passion as the full-time leader of the firm’s Employee Stock Ownership Plan (ESOP) practice and launched "The ESOP Guy" podcast, which explains the process of the ESOP transaction from a business owner’s perspective.  Phillip has over 30 years of experience in finance and business consulting. In addition to directing Berman Hopkins’ strategic efforts, he is a Certified Valuation Analyst through the National Association of Certified Valuators and Analysts. Phillip provides consulting services for a variety of business industries. In this episode, we will be discussing: Why move into the ESOP journey Valuation of an architecture practice How to determine whether an ESOP is for you   To learn more about Phillip join his: Website: https://www.bermanhopkins.com/ Podcast: https://www.journeytoanesop.com/ Facebook: https://www.facebook.com/bermanhopkins LinkedIn: https://www.linkedin.com/company/bermanhopkinscpas/ Twitter: https://twitter.com/bermanhopkins?lang=en   ► Transcription: https://otter.ai/u/ZLyWqhJ4xURgVuhD0kyN0tv2ZQE?utm_source=copy_url   ► Feedback? Email us at [email protected]   ► Access your free training at http://SmartPracticeMethod.com/   ► If you want to speak directly to our advisors, book a call at https://www.businessofarchitecture.com/call   ► Subscribe to my YouTube Channel for updates:   https://www.youtube.com/c/BusinessofArchitecture   *******   For more free tools and resources for running a profitable, impactful, and fulfilling practice, connect with me on: Facebook: https://www.facebook.com/groups/businessofarchitecture Instagram: https://www.instagram.com/enoch.sears/ Website: https://www.businessofarchitecture.com/ Twitter: https://twitter.com/BusinessofArch Podcast: http://www.businessofarchitecture.com/podcast iTunes: https://podcasts.apple.com/us/podcast/business-architecture-podcast/id588987926 Android Podcast Feed: http://feeds.feedburner.com/BusinessofArchitecture-podcast Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9idXNpbmVzc29mYXJjaGl0ZWN0dXJlLmxpYnN5bi5jb20vcnNz   *******   Access the FREE Architecture Firm Profit Map video here: http://freearchitectgift.com   Download the FREE Architecture Firm Marketing Process Flowchart video here: http://freearchitectgift.com   Come to my next live, in-person event: https://www.businessofarchitecture.com/live   Carpe Diem!