ESOP companies are special and unique. Employee ownership creates a culture of employees that are actively involved in the business on all levels. Employee owners can and do participate fully in every aspect of company management and growth. Engagement in this type of company is rivaled and helps ESOPs out perform other types of companies. Because of this ESOPs require a distinct type of leader, with distinct characteristics.
Becoming an employee owner is not the same as becoming an employee. When you become an employee owner you accept a position that can really make a difference – not only for yourself, but also for your peers, for the business, and for the community.
The Golden Rule, Ownership Thinking & Be Positive
Recently, I wrote about how in 2011 I sat down and with the help of my leadership team created our Mission, Vision, 5 Guiding Principles, and Core Values. I did this in order to ensure the company continues on a path consistent with my beliefs. Essentially it was a set of ethical guidelines. Below are the core values at Pro Food Systems (PFSbrands).
As Seen on Forbes.com
I am passionate about providing our employees a stake in the outcome and spreading that message to other CEOs. To help spread the message further, PFSbrands was recently featured on Forbes.com about our newly-formed ESOP (Employee Stock Ownership Plan). You can read the full article on Forbes.com! Here’s an excerpt:
Spreading a Positive Culture
About 6 months ago we invited one of our chain customers, Good2Go, into our corporate office for what we called Discovery Days. By the way, thanks David Adams for taking the time and effort to come all the way to Missouri from Idaho.
This was an effort to bring a well-respected customer into our corporate office and distribution center so we could show them all of the resources they have at their disposal. Not only that, we wanted to share our culture with them and spend just a little bit of time talking about open-book management.
The Future of PFSbrands
After 18 years of blood, sweat, and tears Julie and I have sold Pro Food Systems (PFSbrands). Those of you that have owned, or do own, a company realize the hard work it takes to make it successful. Julie and I have put everything we have into PFSbrands. We are extremely proud of the fact that we created jobs and opportunities for over 120 families.