Bob O’Hara, a premier Certified Exit Planner in the country (1 of 2 in Massachusetts), shared with attendees a process that business owners can use to create, communicate and manage a Key Employee Incentive Plan. The process focuses on plans involving phantom equity techniques and straight incentive compensation planning based on profit.
Addressing the importance of Key Employee Incentive Planning, O’Hara noted, “Key Employee Incentive Planning is a part of any successful business plan. It allows an owner to share the future success of the business with those who are critical in helping the owner achieve that success. These plans will keep these employees engaged, inspire others to grow, build business value, and secure a strong future for the business, its employees and ownership”
Acknowledging Bob’s expertise, Elizabeth Mower of the Business Enterprise Institute said, “Bob can take a complex and multi-faceted problem and break it down into its simplest elements then walk through those elements one by one. Before we know it we’ve worked through the entire problem and the solution is clear!”
About Bob O’Hara and ExitPlanning-