Info

Making Chips Podcast for Manufacturing Leaders

MakingChips is hosted by a set of multi-generational manufacturing leaders who are on the factory floor everyday, living their lives in the world of manufacturing—they know first hand that manufacturing can be challenging. Founders Jim Carr and Jason Zenger released their first podcast in late December 2014—releasing over 300 episodes to-date, reaching more than 650,000 downloads—all while striving to deliver on their mission, to “equip and inspire the metalworking nation.” In 2019, Nick Goellner, another multi-generational manufacturing leader, joined the MakingChips hosts, bringing a third generation of manufacturing leaders to the table. Join the hosts as they work through industry challenges with leaders such as Titan Gilroy (Titans of CNC), John Saunders (NYC CNC), Mark Terryberry (Haas Automation) and more.
RSS Feed Subscribe in Apple Podcasts
Making Chips Podcast for Manufacturing Leaders
2022
May
April
March
February
January


2021
December
November
October
September
August
July
June
May
April
March
February
January


2020
December
November
October
September
August
July
June
May
April
March
February
January


2019
December
November
October
September
August
July
June
May
April
March
February
January


2018
December
November
October
September
August
July
June
May
April
March
February
January


2017
December
November
October
September
August
July
June
May
April
March
February
January


2016
December
November
October
September
August
July
June
May
April
March
February
January


2015
December
November
October
September
August
July
June
May
April
March
February
January


2014
December


All Episodes
Archives
Now displaying: Page 1
Nov 29, 2021

What is an employee stock ownership plan ESOP? How does it work? How can it transform the buy-in of your team and lead to revenue growth? Jeff Taylor—the President and CEO of Crafts Technology—implemented an ESOP. Listen to this episode to hear about the impact it had on his business—and figure out whether or not it’s right for yours. Employee buy-in can lead to profitability which can lead to Making Chips! BAM!

– Jim

Segments

  • [4:49] What’s happening at ZENGERS and Carr Machine & Tool
  • [8:20] Disclaimer about implementing an ESOP
  • [10:54] Welcome Jeff Taylor to Making Chips!
  • [12:13] What is an employee stock ownership plan ESOP?
  • [13:45] How Jeff got into manufacturing
  • [20:15] What is Craft’s technology?
  • [21:49] Choosing to create an ESOP
  • [30:00] Who should consider an ESOP?
  • [35:05] Pensions, profit-sharing, and ESOPs
  • [39:45] What kind of return does an ESOP get?
  • [45:36] Are you handing over control to your team?

Resources mentioned on this episode

Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe!

Connect With MakingChips

0 Comments
Adding comments is not available at this time.